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 meant a launch was never going to be possible. Satoshi the world oblivious and seems to have launched bitcoin alone, with zero fanfare. EOS, on the other hand, alerted the other half and has launched following a year-long $ 4 billion raise, having eager half of the crypto communityTrusted 777coin casino 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’ developers, and the 21 block manufacturers 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 resembles Block.one is issuing updates that have not been thoroughly tested, forcing them to fix problems as they occur on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, when an blockchain starts, bugs are to be expected, and bitcoin and ethereum weren’t with their issues in the early days either. But there are aspects of EOS whose existence is more difficult to explain, and which are there by design. There’s the high quantity of tokens that have to be staked by programmers, 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’s been suggested that the quantity could have ran into the millions of dollars.

And then there is the complexity of producing an EOS wallet. Creating an account calls for obtaining the assistance of an present account-holdercasino reviews gambit homepage casino extreme account registration 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 to get the ball rolling.

Attaining the quorum of votes to launch the network also been shown to be a sticking point. Token holders were required to vote via a procedure that included entering their private keys. Due to the possibility of being duped by EOS dapps, most token holders decided not to vote, leaving the 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 the community is willing EOS to succeed no matter what, and no amount of negativity — or FUD as the acronym goes — will be allowed to prevail. Even when a major bug was found before launch in EOS, followed by the hasty creation of a bounty program and the discovery of bugs, the market shrugged the issues off.

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