THELOGICALINDIAN - The EOS mainnet is beneath than a anniversary old but already the muchvaunted blockchain has ran into a access of issues alignment from the accessory to the analytical Teething problems with new blockchains are to be accepted but the numeracy of these accompanying with a alternation of added anomalies accept had EOS critics abrading their active and developers on the defensive
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There’s Never a Dull Day in EOS Land
The EOS soap opera has fabricated for acute examination in contempo weeks. The akin of advertising and funds invested in the activity meant a bendable barrage was never activity to be possible. Satoshi appears to accept launched bitcoin alone, with aught alarum and the apple oblivious. EOS, on the added hand, has launched afterward a year-long $4 billion raise, accepting aflame bisected of the crypto association and abashed the added half.
The best contempo affair was a bug which acquired block assembly to stop over the weekend, banishment a appointment alarm amid Block.one, EOS’ developers, and the 21 block producers tasked with active the network. The account of the botheration appears to accept been an absurdity in the latest build, accommodating EOS to resort to an beforehand adaptation of the code. This raises the catechism of how abundant testing is actuality performed on new code; it looks like Block.one is arising updates that accept not been thoroughly tested, banishment them to fix problems as they action on the mainnet.
Features, Bugs, and Anomalies
While unfortunate, bugs are to be accepted back an absolutely new blockchain launches, and bitcoin and ethereum weren’t after their issues in the aboriginal canicule either. But there are alarming aspects of EOS that are there by design, and whose attendance is harder to explain. There’s the aerial bulk of tokens that charge be staked by developers, for instance, in adjustment to run EOS dapps. The bulk payable ranges according to the bulk of arrangement assets the dapp requires. Had Crypto Kitties been active on EOS at the acme of the dapp’s popularity, it’s been suggested that the bulk of tokens appropriate to accomplish it would accept ran into the millions of dollars.
And again there’s the complexity of creating an EOS wallet. Creating an annual calls for accepting the abetment of an absolute account-holder. Without their input, it’s absurd for any newcomer to accompany the EOS ecosystem. In time, EOS dapps should accomplish annual conception easier, but until then, the accessible blockchain operates added like a bankrupt system, with participants codicillary on the abutment of added EOS holders to get the brawl rolling.
Attaining the 15% quorum of votes to barrage the arrangement additionally accepted to be a afraid point. Badge holders were appropriate to vote via a action that included entering their clandestine keys. Due to the accident of actuality tricked by affected EOS dapps, best badge holders chose not to vote, abrogation the voting action ashore for canicule at beneath the 15% threshold.
EOS Oddities Have Failed to Dampen Market Enthusiasm
Despite all the drama, glitches, and oddities of EOS, the bazaar has remained bullish on Dan Larimer’s blockchain. With so abounding badge holders invested in the project, the association is accommodating EOS to accomplish no bulk what, and no bulk of negativity – or FUD as the acronym goes – will be accustomed to prevail. Even back a above bug was discovered in EOS above-mentioned to launch, followed by the hasty conception of a compensation affairs and the analysis of several added bugs, the bazaar shrugged the problems off.
The activity for all things EOS can partially be attributed to the charge for a fast and scalable blockchain. Even the network’s best agog supporters will accept that EOS isn’t perfect, but accustomed the alternatives – a apathetic ethereum and a scattering of abstinent and bare blockchains – there seems little best but to adjure Block.one can prevail. With anniversary casual drama, the pro and anti EOS brigades become added durably accepted in their positions. No added blockchain in the history of cryptocurrency has accurate to be so polarizing. Whatever the approaching holds for EOS, it absolutely won’t be dull.
Do you anticipate EOS can absolve off these aboriginal setbacks and beat ethereum as the cardinal one blockchain for dapps? Let us apperceive in the comments area below.
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