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There’s Never a Dull Day at EOS Land

The EOS soap opera has made for viewing in recent weeks. The level of hype and funds invested in the project meant a soft launch was not going to be possible. Satoshi seems to have launched bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other hand, alerted the other half and has established following a yearlong $ 4 billion raise, having eager half of the crypto communitybest bitcoin casino us reddit bitcoin online casino free to play 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 apk.one, EOS’ programmers, and the 21 block manufacturers tasked with running the network. 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 looks like Block.one is issuing updates that have not been thoroughly tested, forcing them to fix problems as they occur on the mainnet.

Features, Bugs, and Anomalies

While unfortunate, when an entirely new blockchain launches bugs should be expected, and ethereum and bitcoin weren’t without their issues from the early days. But there are elements of EOS whose presence is more difficult to explain, and which are there by design. There. The amount payable ranges according to the amount of network resources the dapp requires. Had Crypto Kitties been operating on EOS at the height of the popularity of their dapp, it’s been suggested that the quantity of tokens required to operate it could have ran into the millions of dollars.

And then there’s the complexity of producing an EOS wallet. Creating an account calls for obtaining the support of an existing account-holderTrueflip rating Without their input, it’s impossible for any newcomer to join the EOS ecosystem. With time, EOS dapps should make account production easier, but until then, more like a system operate, with participants reliant on other EOS holders’ support to get the ball rolling.

Attaining the 15 percent quorum of votes to launch the network also been shown 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 token holders decided not to vote, leaving the procedure.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite glitches all the drama, and oddities of EOS, the market has remained bullish on the blockchain of Dan Larimer. With so many holders invested in the project, the community is willing to succeed no matter what, and no amount of negativity — as the acronym goes or FUD — will be allowed to prevail. When a significant bug was found in EOS prior to launch, followed by the creation of a bounty program and the discovery of more bugs, the market shrugged the issues off.

The enthusiasm for all things EOS can partially 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 sluggish ethereum and a couple of untested and fresh blockchains — there seems little alternative but to pray Block.one could prevail. With each play, EOS brigades and the pro 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 will not 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.

Images courtesy of Shutterstock, and Twitter.

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Source: bitcoincasinoreview.net

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