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There’s Never a Dull Day at EOS Land
The EOS soap opera has made for viewing in recent weeks. The level of funds and hype invested in the project meant there was a launch never going to be possible. Satoshi appears to have launched bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other hand, alarmed the other half and has launched following a year-long $ 4 billion raise, having half of the crypto communitybitcoin casino sign up bonus bitcoin casino with high payout chance latest issue was a bug which caused block manufacturing to stop over the weekend, forcing a conference call between Block and bitcoin video casino apk.one, EOS’ programmers, and the 21 block manufacturers tasked with running the network. The cause of the problem seems to have been an error in the latest obliging EOS to resort to an earlier version of this code. This raises the question of how much testing has been done on new code; it looks like Block.one is issuing updates that have not been thoroughly analyzed, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, bugs are to be expected when an blockchain launches, and ethereum and bitcoin weren’t without their issues from the first days either. But there are aspects of EOS whose existence is harder to explain, and that are there by design. There. The amount ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been running at the height of the popularity of their dapp on EOS, it’s been suggested that the amount of tokens required to operate it would have ran into the millions of dollars.
And then there is the complexity of producing an EOS wallet. For obtaining the support of an existing account-holder creating an account callscryptogames app It’s impossible for any newcomer to join the EOS ecosystem. In time, EOS dapps should make account production easier, but until then, the blockchain functions more like a closed system, with participants reliant to get the ball rolling.
Attaining the 15 percent quorum of votes to start the system proved to be a sticking point. Token holders were required to vote via a procedure that included entering their keys. Due to the risk of being tricked by fake EOS dapps, most token holders decided not to vote, leaving the 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 holders invested in the project, the community is willing EOS to succeed no matter what, and no amount of negativity — as the acronym goes, or FUD — will be allowed to prevail. When there was a bug found prior to launch in EOS, followed by the discovery of several bugs and a bounty program’s hasty creation, the market shrugged the issues off.
The enthusiasm for all things EOS can partially be attributed to the need for a rapid and scalable blockchain. The network’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 choice but to pray Block.one can prevail. With each passing play, the pro and anti EOS brigades become more entrenched in their own positions. No other blockchain in the background of cryptocurrency has proven to be so polarizing. Whatever the future holds for EOS, it surely will not be dull.
Do you believe EOS can shrug off these early setbacks and overtake ethereum as the number one blockchain for dapps? Tell us in the comments section below.
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