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There’s Never a Dull Day at EOS Land

The EOS soap opera has made for compelling viewing in recent weeks. The amount of funds and hype invested in the project meant a soft launch was not going to be possible. Satoshi seems to have launched bitcoin alone and the world oblivious. EOS, on the other hand, alerted the other half and has launched following a 4 billion increase, having half of the crypto communityETHEREUM SWEEPSTAKES scam latest issue was a bug which caused block production to stop over the weekend, forcing a conference call between Block and bitcoin video casino apk.one, EOS’ developers, and the 21 block producers tasked with running the community. The cause of the problem seems to have been a mistake in the latest build, obliging EOS to resort to an earlier version of the code. This raises the question of how much testing is being performed on new code; it looks like Block.one is issuing updates which have not been thoroughly tested, forcing them to fix problems as they occur on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, when an blockchain starts, bugs are to be expected, and ethereum and bitcoin weren’t without their issues from the early days. But there are troublesome aspects of EOS whose existence is more difficult to explain, and that are there by design. There’s the quantity of tokens that must be staked by developers, for instance, in order to conduct EOS dapps. The amount ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been operating at the height of the dapp’s popularity on EOS, it has been suggested that the amount of tokens needed to operate it would have ran into the millions of dollars.

And then there’s the complexity of producing an EOS wallet. For obtaining the support of an existing account-holder creating an account callsbetchain rating Without their input, it’s impossible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account production easier, but until then, more like a system operate, with participants reliant on the support of other EOS holders to get the ball rolling.

Attaining the 15 percent quorum of votes to launch the system also proved to be a sticking point. Token holders were required to vote by means of a process that included entering their private keys. Due to the possibility of being tricked by fake EOS dapps, most token holders decided not to vote, leaving the voting procedure.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite all the drama, glitches, and oddities of EOS, the market has remained bullish on Dan Larimer’s blockchain. With so many token holders the community is ready to succeed no matter what, and no amount of negativity — since the acronym goes or FUD — will be allowed to prevail. When there was a bug discovered prior to launch in EOS, followed by a bounty program’s creation and the discovery of several more bugs, the market shrugged off the issues.

The enthusiasm for all things EOS can be attributed to the demand for a rapid and scalable blockchain. Even the system’s most ardent supporters will concede that EOS is not perfect, but given the alternatives — a slow ethereum and a couple of untested and unused blockchains — there seems little alternative but to pray Block.one could prevail. With each drama, the pro and EOS brigades become more entrenched in their positions. No blockchain in cryptocurrency’s history has turned out to be so polarizing. Whatever the future holds for EOS, it won’t be dull.

Do you think EOS can shrug off these early setbacks and overtake ethereum as the number one blockchain for dapps?  Let us know in the comments section below.

Pictures courtesy of Shutterstock, and Twitter.

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Source: bitcoincasinoreview.net

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