There’s Never a Dull Day at EOS Land
The EOS soap opera has made for viewing in recent weeks. The amount of funds and hype 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, has established following a 4 billion increase, having eager half of the crypto community and alarmed the other halfHow does BitcoinRush bonus most recent 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 producers tasked with running the network. 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 tested, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
Bugs are to be expected when an blockchain launches while unfortunate, and bitcoin and ethereum weren’t without their issues in the first days either. But there are elements of EOS whose presence is more difficult to explain, and which are there by design. There. The amount ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been operating at the height of the popularity of their dapp on EOS, it has been suggested that the quantity of tokens needed to operate it would have ran into the millions of dollars.
And then there is the complexity of producing an EOS wallet. For obtaining an existing account-holder’s support, creating an account callsbitcoin for ignition casino bitcoin casino no deposit bonus 2016 Without their input, it’s not possible for any newcomer to join the EOS ecosystem. In time, EOS dapps should make account creation easier, but until then, the public blockchain functions more like a closed system, with participants reliant on the support of other EOS holders to get the ball rolling.
Attaining the 15 percent quorum of votes to launch the network also 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 of the drama, glitches, and oddities of EOS, the market has remained bullish. With so many token holders invested in the project, the community is ready to succeed no matter what, and no quantity of negativity — as the acronym goes, or FUD — will be allowed to prevail. When a bug was discovered prior to launch, followed by the creation of a bounty program and the discovery of many bugs, the market shrugged off the problems.
The enthusiasm for all things EOS can be attributed to the demand for a fast and scalable blockchain. The network’s most ardent supporters will concede that EOS isn’t perfect, but given the choices — a slow ethereum and a couple of untested and fresh blockchains — there seems little choice but to pray Block.one could prevail. With each passing drama, EOS brigades and the pro become more entrenched in their positions. No blockchain from the background of cryptocurrency has turned out to be so polarizing. Whatever the future holds for EOS, it certainly 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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Source: bitcoincasinoreview.net
