EOS: Latest Updates and Controversies

China’s center for information and industry development has ranked EOS as the number one blockchain platform. The daily activity on the EOS blockchain is way ahead than the other blockchains at the moment and we are seeing a lot of users coming in to use EOS based Dapps.

EOS Dapp Development

Everipedia is currently working on improving user experience and expanding their blockchain ecosystem working on a new user interface, more languages to be added to the platform and new Dapps under development for Everipedia.

There are currently a lot of Dapps being developed on the EOS platform right now and a lot of them are gambling Dapps such as EOSdice, EOSpoker, and EOSbet.

Sense Messaging Service:

Sense is basically a decentralized messaging service which is being developed by Crystal Rose who is Brock Pierce’s wife and thus it is surely going to get a lot of backing from not only big money but also block.one and the whole EOS ecosystem. So, this could really be a game changer in terms of finally finding a Dapp that gets a lot of users. Imagine Whatsapp on the blockchain, and that’s what Sense might be but we actually have to wait and see for it to get launched and get some users to know how its actually going to interact in the real world.

We have Bancor which has been big behind EOS who have BancorX which is a decentralized EOS token exchange, Bitshares on EOS, Steemit 2.0 on EOS, A team which formally worked on Activision and working on developing games on EOS, Decentralized Uber which is called EVA, Karma which is charity app. So basically there is a Dapp explosion happening right now over EOS. So, that means that users are going to come into EOS.

We just had the end of the EOS global hackathon as well, so we could be expecting more Dapps coming in the very near future. Huobi, who is one of the biggest block producers in EOS is expanding their range of options in terms of what is available on exchange offerings and are also going to be opening an EOS based cryptocurrency exchange in Q1 2019 which will give a whole new level of liquidity for EOS and EOS based tokens.

Controversies surrounding EOS:

There always seems to be something happening over at EOS and it’s always important to have these open and honest conversations about what is happening on a given blockchain and running away from these things doesn’t make anything better. EOS is currently really experimental in terms of their governance and working out their reward systems, etc.

1. Users have been reporting that they are running out of CP use. If you are a very high-frequency user, you might run into problems in terms of being able to interact with the different apps running on the EOS because you run out of CPU. Although not a lot of users have been reporting this there have been reports of it happening so that is something definitely that EOS has to move beyond and in order to welcome in a lot of mainstream users.

2. An EOS block producer called StartEOS announced that they would be incentivizing voters to vote for them by rewarding them with EOS. Now the only problem with votes is that it goes against the EOS constitution. So obviously there are not able to do that. Even though StartEOS then had to backtrack on their statements, these kinds of deals are going to be happening.

3. EOS block producers are running at a loss based on the current market price. The break-even point for an EOS block producer is above $4 and we are not there right now and that creates a lot of problems for the block producers because you can only run a loss for so many months and if we are in a very long bear trend if might not be sustainable and the smaller block producers might be in a big trouble.

4. Telos Foundation: Telos is a new blockchain based on the EOS code so the community is splitting up already. A small portion of the community went off and created Telos using the EOS code as they wanted to have more accountability for the block producers, increased fairness, capping of whale accounts and fixing the RAM issues amongst other things.

What do you fell about the future of EOS blockchain? Tell us in the comments section below.

Layla Harding

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