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EOS Has Issues


The EOS mainnet is pygmy than a week old but already the much-vaunted blockchain has ran into a spate of copies ranging from the minor to the critical. Teething problems with new blockchains are to be guessed, but the numeracy of these, coupled with a series of other anomalies, be enduring had EOS critics scratching their heads and developers on the defensive.

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There’s Under no circumstances a Dull Day in EOS Land

The EOS soap opera has made for compelling viewing in brand-new weeks. The level of hype and funds invested in the project meant a soothe launch was never going to be possible. Satoshi appears to have initiated bitcoin alone, with zero fanfare and the world oblivious. EOS, on the other paw, has launched following a year-long $4 billion raise, having wrought up half of the crypto community and the alarmed the other half.

The most fresh issue was a bug which caused block production to stop over the weekend, persuasiveness a conference call between Block.one, EOS’ developers, and the 21 block impresari tasked with running the network. The cause of the problem appears to be dressed been an error in the latest build, obliging EOS to resort to an earlier interpretation of the code. This raises the question of how much testing is being acted on new code; it looks like Block.one is issuing updates that sire not been thoroughly tested, forcing them to fix problems as they chance on the mainnet.

EOS Has Issues

Features, Bugs, and Anomalies

While unfortunate, bugs are to be look forward when an entirely new blockchain launches, and bitcoin and ethereum weren’t without their consequences in the early days either. But there are troublesome aspects of EOS that are there by lay out, and whose presence is harder to explain. There’s the high amount of emblems that must be staked by developers, for instance, in order to run EOS dapps. The amount result ranges according to the amount of network resources the dapp requires. Had Crypto Pots been running on EOS at the height of the dapp’s popularity, it’s been suggested that the amount of tokens commanded to operate it would have ran into the millions of dollars.

And then there’s the complicatedness of creating an EOS wallet. Creating an account calls for obtaining the assistance of an persisting account-holder. Without their input, it’s impossible for any newcomer to join the EOS ecosystem. In duration, EOS dapps should make account creation easier, but until then, the plain blockchain operates more like a closed system, with sharers reliant on the support of other EOS holders to get the ball rolling.

EOS Has Issues

Attaining the 15% quorum of opts to launch the network also proved to be a sticking point. Token holders were needed to vote via a process that included entering their private clarification. Due to the risk of being tricked by fake EOS dapps, most token holders chose not to franchise, leaving the voting process stuck for days at below the 15% edge.

EOS Oddities Have Failed to Dampen Market Enthusiasm

Despite all the screenplay, glitches, and oddities of EOS, the market has remained bullish on Dan Larimer’s blockchain. With so tons token holders invested in the project, the community is willing EOS to succeed no episode what, and no amount of negativity – or FUD as the acronym goes – will be allowed to win out. Even when a major bug was discovered in EOS prior to launch, followed by the superficial creation of a bounty program and the discovery of several more bugs, the market-place shrugged the problems off.

EOS Has Issues

The enthusiasm for all things EOS can partially be attributed to the need for a intemperately and scalable blockchain. Even the network’s most ardent supporters wish concede that EOS isn’t perfect, but given the alternatives – a sluggish ethereum and a mischief-maker of untested and unused blockchains – there seems little choice but to say ones prayers Block.one can prevail. With each passing drama, the pro and anti EOS brigades adorn come of more firmly entrenched in their positions. No other blockchain in the record of cryptocurrency has proven to be so polarizing. Whatever the future holds for EOS, it certainly won’t be crass.

Do you think EOS can shrug off these early setbacks and overtake ethereum as the figure up one blockchain for dapps? Let us know in the comments section below.

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