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There’s Never a Dull Day in EOS Land

The EOS soap opera has made for viewing lately. The level of hype and funds invested in the project meant there was a soft launch never going to be possible. Satoshi seems to have launched bitcoin alone and the world unaware. EOS, on the other hand, has established following a yearlong $4 billion increase, having eager half of the crypto community and alarmed the other halfbitcoin casino promo code bitcoin casino list submit latest 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 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 performed on new code; it resembles Block.one is issuing updates which haven’t been thoroughly tested, forcing them to resolve problems as they occur on the mainnet.

Features, Bugs, and Anomalies

Bugs should be expected when an entirely new blockchain launches while unfortunate, and ethereum and bitcoin weren’t with their issues from the first days either. But there are aspects of EOS whose presence is more difficult to explain, and that are there by design. There. The amount 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 the dapp, it’s been suggested that the amount of tokens required to operate it could have ran into the millions of dollars.

And then there is the complexity of creating an EOS wallet. Creating an account involves obtaining the assistance of an present account-holderfree faucet bitcoin casino provably fair bitcoin casino 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 quorum of votes to launch the system 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 risk of being tricked by EOS dapps, most token holders decided not to vote, leaving the process stuck for days at below the 15% threshold.

EOS Oddities Have Failed to Dampen Market Enthusiasm

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

The enthusiasm for all things EOS can be attributed to the demand for a fast and scalable blockchain. The system’s most ardent supporters will concede that EOS isn’t perfect, but given the choices — a sluggish ethereum and a handful of untested and unused blockchains — there seems little choice but to pray Block.one can prevail. With each passing drama, EOS brigades and the pro become firmly entrenched in their positions. No other blockchain in the history of cryptocurrency 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.

Images courtesy of Shutterstock, and Twitter.

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