mayo 23, 2017 | Posted in:Blog

There’s Never a Dull Day in EOS Land

The EOS soap opera has made for compelling viewing in recent weeks. The amount of hype and funds invested in the project meant there was a soft launch not going to be possible. Satoshi seems to have launched bitcoin alone and the world unaware. EOS, on the other hand, alarmed the other half and has launched following a 4 billion raise, having excited half of the crypto communityTrueFlip review most recent 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 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 is being done on new code; it looks like is issuing updates that have not been thoroughly analyzed, forcing them to resolve problems as they happen on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, bugs are to be expected when an blockchain starts, and bitcoin and ethereum weren’t with their issues from the first days. But there are aspects of EOS whose existence is more difficult to explain, and that are there by design. There. The amount payable ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been operating at the height of their dapp’s popularity, it’s been suggested that the amount could have ran into the millions of dollars.

And then there is the complexity of creating an EOS wallet. For obtaining the support of an existing 12, creating an account callsHow does Oshi Casino bonus 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 closed system operate, with participants reliant on other EOS holders’ support to get the ball rolling.

Attaining the quorum of votes to launch the system also proved to be a sticking point. Token holders were required to vote by means of a procedure that included entering their keys. Due to the possibility of being duped by fake EOS dapps, most holders chose not to vote, leaving the voting procedure stuck for days at below the 15% threshold.

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 ready to succeed no matter what, and no amount of negativity — as the acronym goes, or FUD — will be allowed to prevail. When a bug was discovered before launch in EOS, followed by the discovery of many more 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 need for a fast and scalable blockchain. The network’s most ardent supporters will concede that EOS is not perfect, but given the alternatives — a slow ethereum and a handful of untested and fresh blockchains — there seems little choice but to pray can prevail. With each passing drama, the anti and pro EOS brigades become more firmly entrenched in their own positions. No other blockchain from cryptocurrency’s background 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.

Pictures courtesy of Shutterstock, and Twitter.

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