There’s Never a Dull Day at EOS Land
The EOS soap opera has made for viewing lately. The level of funds and hype invested in the project meant a soft launch was never going to be possible. Satoshi the world oblivious and seems to have launched bitcoin alone, with zero fanfare. EOS, on the other hand, alerted the other half and has launched following a 4 billion raise, having half of the crypto communityusa online bitcoin casino bitcoin casino with faucet latest 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’ programmers, and the 21 block producers tasked with running the community. The cause of the problem seems to have been a mistake in the latest 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 Block.one is issuing updates which haven’t been thoroughly analyzed, forcing them to fix problems as they happen on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, when an entirely new blockchain starts bugs should be expected, and ethereum and bitcoin weren’t without their issues in the first days. But there are elements of EOS whose existence is harder to explain, and that are there by design. There. The amount payable ranges based on the amount of network resources the dapp requires. Had Crypto Kitties been running at the height of their dapp’s popularity on EOS, it’s been suggested that the amount of tokens needed to operate it would have ran into the millions of dollars.
And then there is the complexity of creating an EOS wallet. For obtaining an present account-holder’s support, creating an account callswhich bitcoin wallet is good for ignition casino bitcoin casino with no deposit required 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 system, with participants reliant 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 tricked by fake EOS dapps, most holders chose not to vote, leaving the procedure.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite the drama, glitches, and oddities of EOS, the market has remained bullish on the blockchain of Dan Larimer. With so many holders the community is willing EOS to succeed no matter what, and no quantity of negativity — or FUD as the acronym goes — will be allowed to prevail. When a major bug was found prior to launch, followed by a bounty program’s hasty creation and the discovery of more bugs, the market shrugged the issues off.
The enthusiasm for all things EOS can be attributed to the demand for a fast and scalable blockchain. Even 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 unused blockchains — there seems little alternative but to pray Block.one can prevail. With each drama, the pro and anti EOS brigades become more firmly entrenched in their own positions. No blockchain in cryptocurrency’s background has turned out to be so polarizing. Whatever the future holds for EOS, it 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.
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Source: bitcoincasinoreview.net
