The EOS soap opera has made for compelling viewing in recent weeks. The amount of hype and funds meant there was a soft launch never 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 increase, having half of the crypto community and alerted the other halfcasino review bitcoin game gambling bitcoin casino reviews 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 network. The cause of the problem appears to have been a mistake 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 performed on new code; it looks like Block.one is issuing updates that have not been thoroughly analyzed, forcing them to fix problems as they occur on the mainnet.
While unfortunate, bugs should be expected when an entirely new blockchain launches, and bitcoin and ethereum weren’t with their issues in the early days either. But there are elements of EOS whose existence is more difficult to explain, and that are there by design. There’s the amount of tokens that have to be staked by developers, for example, so as to run EOS dapps. The amount payable 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, 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 an existing account-holder’s assistance creating an account callsBtc casino review bitcoincasinoreview.net 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 public blockchain functions more like a closed system, with participants reliant on the support of EOS holders to get the ball rolling.
Attaining the 15% quorum of votes to start 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 risk of being tricked by fake EOS dapps, most holders decided not to vote, leaving the voting process stuck for days at below the threshold.
The market has remained bullish on the blockchain of Dan Larimer. With so many holders invested in the project, the community is willing EOS to succeed no matter what, and no amount of negativity — or FUD as the acronym goes — will be allowed to prevail. When there was a significant bug discovered in EOS prior to launch, followed by the discovery of several bugs and a bounty program’s creation, the market shrugged off the issues.
The enthusiasm for all things EOS can be attributed to the demand for a rapid and scalable blockchain. Even 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 unused blockchains — there seems little alternative but to pray Block.one could prevail. With each passing drama, EOS brigades and the pro become more entrenched in their positions. No other blockchain in the history of cryptocurrency has proven 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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