A lot of eyes are set simultaneously on the EOS and TRON projects, for their scale and complexity. But while TRON has so far seen no glitches, and its low market price seems too pessimistic, for EOS, the troublesome period is still not over.
The EOS project is seeing the usual paradox of a lot of hype and promises, as well as technological praises. China’s monthly rating of crypto coins sees EOS rise to the top, based on the rigid criteria of the state-sponsored survey. However, opinions about EOS remain negative.
For now, the market price of EOS keeps at reasonable levels. EOS inched up slightly, to $7.38, adding about 3% overnight. The trading activity of EOS hinges on Tethers (USDT) supplying more than 38% of volumes, and this may be one of the reasons for the relatively stable position. However, the most pessimistic predictions see EOS sliding back to $5.
!EOS!
The recent discussions around the EOS constitution and governance saw the chief developer Dan Larimer join the fray with another explanatory blog. In a lengthy explanation of current flaws, Larimer presents the concept of a “Ricardian Contract”, where “the intention of code” is law. Thus, the EOS network will be able to roll back faulty smart contracts, but not use human arbitration.
https://twitter.com/bytemaster7/status/1012031519664361482
Now, a new vote has been proposed to amend the EOS constitution and remove the human element of arbitration. The new vote follows the same rules, looking for a minimum of 15% of tokens voting.
The next pressing issue for the EOS network may be the RAM used for distributed apps. Just like consensus and control over accounts, this is yet another contentious point in the EOS ecosystem. RAM is a resource for distributed apps, and it is block producers that provide the resource.
https://twitter.com/chintanmajithia/status/1012251565275648000
In theory, they could restrict RAM and hold dApp owners hostage. RAM would be paid in EOS coins once distributed apps appear on the network.
EOS also continues to expect wallets to appear. The Graymass wallet has been in use, and there is talk of Block.One working on their own EOS wallet.
This article appeared first on Cryptovest
