There’s Never a Dull Day at EOS Land
The EOS soap opera has made for compelling viewing in recent weeks. The level of funds and hype invested in the project meant there was a soft launch never going to be possible. Satoshi seems to have launched bitcoin alone, with zero fanfare and the world unaware. EOS, on the other hand, alerted the other half and has established following a 4 billion raise, having eager half of the crypto communitybitcoin casino instant deposi bitcoin casino online india 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 manufacturers tasked with running the community. The cause of the problem appears to have been an error in the latest build, obliging EOS to resort to an earlier version of the code. This raises the question of how much testing has been performed on new code; it looks like Block.one is issuing updates that have not been thoroughly analyzed, forcing them to resolve problems as they occur on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, when an entirely new blockchain launches bugs are to be expected, and ethereum and bitcoin weren’t with their issues from the first days. But there are troublesome elements of EOS whose presence is harder to explain, and that are there by design. There’s the amount of tokens that must be staked by developers, for example, so as to run 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 popularity of the dapp on EOS, it has been suggested that the quantity of tokens required to operate it would have ran into the millions of dollars.
And then there’s the complexity of producing an EOS wallet. Creating an account involves obtaining an existing account-holder’s supportbitcoin withdrawl tine frame raging bull casino bitcoin casino no deposit bonus code It’s impossible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account creation easier, but until then, more like a closed system operate, with participants reliant on EOS holders’ support to get the ball rolling.
Attaining the quorum of votes to launch the network been shown to be a sticking point. Token holders were required to vote by means of a procedure that included entering their private keys. Due to the possibility of being duped by EOS dapps, most token holders chose not to vote, leaving the procedure stuck for days at below the threshold.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite glitches all of the drama, 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 — since the acronym goes, or FUD — will be allowed to prevail. Even when a bug was discovered prior to launch in EOS, followed by the creation of a bounty program and the discovery of bugs, 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. The network’s most ardent supporters will concede that EOS is not 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 play, anti EOS brigades and the pro become firmly entrenched in their own positions. No blockchain from the history of cryptocurrency has proven 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? Let us know in the comments section below.
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