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 the world unaware and seems to have launched bitcoin alone, with zero fanfare. EOS, on the other hand, has launched following a year-long $4 billion increase, having excited half of the crypto community and alarmed the other halfbitcoin casino review reddit best online casino sportsbook blackjack for bitcoin 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 build, obliging EOS to resort to an earlier version of this code. This raises the question of how much testing is being done on new code; it resembles Block.one is issuing updates that have not been thoroughly analyzed, forcing them to fix problems as they occur on the mainnet.
Features, Bugs, and Anomalies
Bugs should be expected when an entirely new blockchain starts while unfortunate, and ethereum and bitcoin weren’t without their issues from the first days. But there are elements of EOS which are there by design, and whose presence is more difficult to explain. There. The amount payable ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been running on EOS at the height of the dapp’s popularity, it has been suggested that the amount could have ran into the millions of dollars.
And then there’s the complexity of creating an EOS wallet. Creating an account calls for obtaining an present account-holder’s assistanceCafé best online bitcoin casino It’s impossible for any newcomer to join the EOS ecosystem. In time, EOS dapps should make account production easier, but until then, more like a system operate, with participants reliant on EOS holders’ support to get the ball rolling.
Attaining the 15% quorum of votes to launch the system proved 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 chose not to vote, leaving the procedure.
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 to succeed no matter what, and no quantity of negativity — or FUD as the acronym goes — will be allowed to prevail. Even when there was a bug discovered prior to launch, followed by the discovery of bugs and the creation of a bounty program, the market shrugged off the problems.
The enthusiasm for all things EOS can partly be attributed to the demand for a scalable and fast blockchain. Even 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 fresh blockchains — there seems little alternative but to pray Block.one could prevail. With each drama, anti EOS brigades and the pro become more firmly entrenched in their positions. No other blockchain from the history of cryptocurrency has proven to be so polarizing. Whatever the future holds for EOS, it certainly 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.
Images courtesy of Shutterstock, and Twitter.
Need to calculate your bitcoin holdings? Check our tools department.
Source: bitcoincasinoreview.info
Leave a Reply