There’s Never a Dull Day in EOS Land
The EOS soap opera has made for compelling viewing lately. The amount of funds and hype meant a launch was never going to be possible. Satoshi seems to have launched bitcoin with zero fanfare and the world oblivious. EOS, on the other hand, has launched following a yearlong $4 billion increase, having eager half of the crypto community and alerted the other halfArticole din bitcoincasinoreview.net 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 an error in the latest 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 which have not been thoroughly analyzed, forcing them to fix problems as they occur on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, when an blockchain launches, bugs are to be expected, and ethereum and bitcoin weren’t without their issues from the early days. But there are troublesome elements of EOS which are there by design, and whose presence is harder to explain. There. The amount ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been running on EOS at the height of the popularity of their dapp, it’s been suggested that the amount of tokens required to operate it could have ran into the millions of dollars.
And then there’s the complexity of creating an EOS wallet. For obtaining an existing account-holder’s assistance creating an account callsbitcoin casino provably fair online casino takes bitcoin It’s impossible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account production easier, but until then, the blockchain functions more like a system, 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 network been shown to be a sticking point. Token holders were required to vote via a process that included entering their private keys. Due to the possibility of being tricked by fake EOS dapps, most holders chose not to vote, leaving the voting procedure.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite glitches, all of the drama, and oddities of EOS, the market has remained bullish. With so many token holders invested in the project, 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 a bug was found prior to launch in EOS, followed by the creation of a bounty program and the discovery of many 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. The system’s most ardent supporters will concede that EOS isn’t perfect, but given the choices — a sluggish ethereum and a handful of untested and fresh blockchains — there seems little alternative but to pray Block.one can prevail. With each drama, EOS brigades and the pro become more firmly entrenched in their positions. No blockchain from the background of cryptocurrency 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.
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