Neither Dominant Nor Defeated, EOS Still a Work in Progress

Using an exploit in an EOS idea called deferred transactions, the user set up a payment that would be settled at a later date - and it was published to the network, even though it was 1,000 times as large as the EOS market cap itself.

EOS block producers EOS New York noted that the transaction that created the deferred incident can only determine whether the create request was submitted or whether it failed, thus getting around the limitations.

The EOS evolutionary timelineEOS is an auspicious blockchain project and remains a top market contender, vying for fifth on the list of top market capitalizations at any given moment.

DApps on EOS are plentiful, and many of the most-used DApps are from EOS rather than competitors like Tron and Ethereum.

While games such as BetHash and PokerEOS find audiences, blockchain development companies like LiquidApps use EOS as their permanent sandbox - and not only make working with it more fluid, but have also released new platforms like vRAM, which is a decentralized, Video RAM storage solution that is much more efficient than any alternatives.

LiquidApps CEO and co-founder Beni Hakak notes about EOS that "Blockchains today don't yet scale. EOS which has solved many issues on the transaction speed side, still has resource limitations which are critical for the extensive dApp developer that is so needed for user adoption."

EOS exploits display blockchain discrepanciesThe bug bounty program launched by EOS came in handy this year, though its effectiveness had the secondary consequence of revealing just how fickle the platform remains.

According to Ethereum blockchain explorers, it had sold 2.5 million ETH by June 2018, the still-massive valuation of EOS doesn't mean it's any more successful than Ethereum.

EOS is still finding potentially groundbreaking errors despite a huge pool of funding to draw from, plus the resources of an organized company able to make policy decisions immediately rather than relying on the consensus of peers.

EOS outlines possible obstacles for competitorsThroughout its short lifespan, EOS has made a strong example of the pitfalls of centralized ICO fundraising.