mayo 22, 2017 | Posted in:Blog

There’s Never a Dull Day in EOS Land

The EOS soap opera has made for viewing in recent weeks. The level of funds and hype invested in the project meant a launch was not going to be possible. Satoshi appears to have launched bitcoin alone and the world oblivious. EOS, on the other hand, has launched following a 4 billion raise, having eager half of the crypto community and alarmed the other halfhow to setup bitcoin casino best bitcoin casino horse racing latest issue was a bug which caused block production to stop over the weekend, forcing a conference call between Block and bitcoin video casino, 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 has been done on new code; it looks like is issuing updates which haven’t been thoroughly tested, forcing them to resolve problems as they happen 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 without their issues from the first days. But there are aspects of EOS whose presence is more difficult to explain, and which are there by design. There. The amount payable ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been running on EOS at the height of their dapp’s popularity, it’s been suggested that the quantity would have ran into the millions of dollars.

And then there’s the complexity of creating an EOS wallet. For obtaining the assistance of an present account-holder creating an account callsbest new bitcoin casino bitcoin online casino free to play Without their input, it’s impossible for any newcomer to join the EOS ecosystem. In time, EOS dapps should make account production easier, but until then, the blockchain operates more like a closed system, with participants reliant to get the ball rolling.

Attaining the 15% quorum of votes to start the system 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 risk of being tricked by EOS dapps, most holders chose not to vote, leaving the voting procedure stuck for days at below the threshold.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite all the drama, glitches, 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 amount of negativity — or FUD as the acronym goes — will be permitted to prevail. When there was a bug discovered prior to launch, followed by a bounty program’s hasty creation and the discovery of more bugs, the market shrugged off the problems.

The enthusiasm for all things EOS can partly be attributed to the need for a scalable and rapid blockchain. The system’s most ardent supporters will concede that EOS is not perfect, but given the choices — a sluggish ethereum and a couple of untested and fresh blockchains — there seems little alternative but to pray could prevail. With each drama, the pro and EOS brigades become firmly entrenched in their positions. No other blockchain from cryptocurrency’s background has turned out to be so polarizing. Whatever the future holds for EOS, it will not 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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