There’s Never a Dull Day at EOS Land

The EOS soap opera has made for compelling viewing lately. The level of funds and hype invested in the project meant there was a soft launch never going to be possible. Satoshi the world oblivious and seems to have launched bitcoin alone. EOS, on the other hand, alerted the other half and has established following a 4 billion increase, having half of the crypto community latest issue was a bug which caused block manufacturing to stop over the weekend, forcing a conference call between Block and bitcoin video casino, EOS’ developers, 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 this code. This raises the question of how much testing is being performed on new code; it resembles 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 with their issues from the first days. But there are elements of EOS whose presence is more difficult to explain, and which are there by design. There’s the high quantity of tokens that must be staked by developers, for example, so as to conduct EOS dapps. The amount payable 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 amount would have ran into the millions of dollars.

And then there is the complexity of creating an EOS wallet. For obtaining an existing account-holder’s assistance creating an account callsbetcoin bitcoin casino Without their input, it’s not possible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account production easier, but until then, the public blockchain functions more like a closed system, with participants reliant on the support of EOS holders to get the ball rolling.

Attaining the quorum of votes to launch the system 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 tricked by EOS dapps, most holders chose not to vote, leaving the voting process 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 Dan Larimer’s blockchain. With so many holders the community is ready to succeed no matter what, and no amount of negativity — since the acronym goes or FUD — will be permitted to prevail. When a bug was discovered prior to launch in EOS, followed by the discovery of many bugs and the hasty creation of a bounty program, the market shrugged off the issues.

The enthusiasm for all things EOS can be attributed to the need 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 couple of untested and unused blockchains — there seems little alternative but to pray could prevail. With each passing drama, the anti and pro EOS brigades become more entrenched in their own positions. No blockchain from cryptocurrency’s background has proven to be so polarizing. Whatever the future holds for EOS, it surely will not 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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