There’s Never a Dull Day in EOS Land

The EOS soap opera has made for compelling viewing lately. The level of hype and funds invested in the project meant there was a soft launch not going to be possible. Satoshi the world unaware and appears to have launched bitcoin alone. EOS, on the other hand, alarmed the other half and has launched following a 4 billion raise, having excited half of the crypto communitytop 10 bitcoin casino sites bitcoin casino best bonus 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’ programmers, and the 21 block producers tasked with running the network. The cause of the problem appears to have been an error in the latest build, obliging EOS to resort to an earlier version of this code. This raises the question of how much testing is being done on new code; it looks like Block.one is issuing updates which have not been thoroughly analyzed, forcing them to resolve problems as they occur on the mainnet.

Features, Bugs, and Anomalies

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

And then there’s the complexity of producing an EOS wallet. For obtaining the assistance of an creating an account calls7Bit Casino rating 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 EOS holders’ support to get the ball rolling.

Attaining the quorum of votes to start the system also proved to be a sticking point. Token holders were required to vote by means of a procedure that included entering their keys. Due to the possibility of being duped by fake EOS dapps, most holders decided not to vote, leaving the procedure stuck for days at below the threshold.

EOS Oddities Have Failed to Dampen Market Enthusiasm

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

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

Do you think 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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Source: bitcoincasinoreview.net