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There’s Never a Dull Day in EOS Land
The EOS soap opera has made for compelling viewing in recent weeks. The level of funds and hype meant a soft launch was not going to be possible. Satoshi appears to have launched bitcoin with zero fanfare and the world unaware. EOS, on the other hand, has launched following a year-long $4 billion increase, having half of the crypto community and alarmed the other half888 casino – cuemanchrome848 dice bitcoin casino review most recent 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 community. The cause of the problem appears to have been a mistake in the latest obliging EOS to resort to an earlier version of the code. This raises the question of how much testing has been done on new code; it resembles Block.one is issuing updates which have not been thoroughly analyzed, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, when an entirely new blockchain launches, bugs are to be expected, and bitcoin and ethereum weren’t with their issues from the early days either. But there are elements of EOS which are there by design, and whose presence is more difficult to explain. There’s the amount of tokens that must be staked by programmers, for instance, in order to conduct EOS dapps. The amount ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been operating at the height of their dapp’s popularity, it’s been suggested that the amount could have ran into the millions of dollars.
And then there is the complexity of creating an EOS wallet. For obtaining the support of an creating an account callsbitcoin casino news india bitcoin casino best slots to play It’s impossible for any newcomer to join the EOS ecosystem. In time, EOS dapps should make account creation easier, but until then, more like a closed system operate, with participants reliant to get the ball rolling.
Attaining the quorum of votes to launch 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 tricked by fake EOS dapps, most holders decided not to vote, leaving the voting process.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite glitches, of the drama, and oddities of EOS, the market has remained bullish on the blockchain of Dan Larimer. With so many holders invested in the project, the community is ready EOS to succeed no matter what, and no amount of negativity — since the acronym goes, or FUD — will be allowed to prevail. Even when there was a major bug discovered before launch in EOS, followed by the discovery of several more bugs and a bounty program’s creation, the market shrugged the problems off.
The enthusiasm for all things EOS can be attributed to the demand for a rapid and scalable blockchain. The network’s most ardent supporters will concede that EOS is not perfect, but given the alternatives — a sluggish ethereum and a couple of untested and fresh blockchains — there seems little alternative but to pray Block.one could prevail. With each passing drama, EOS brigades and the pro become more firmly entrenched in their positions. No other blockchain in the background of cryptocurrency has turned out to be so polarizing. Whatever the future holds for EOS, it certainly 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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