The blockchain of EOS currently has a lot of issues that need to be resolved as soon as possible. The governance plans of the blockchain face some harmful threats which need to be taken care of. There is a division in the ecosystem of the blockchain. The division is between the Chinese members and members from the U.S and western countries.
The Major Challenges Encountered By the EOS Ecosystem
Also, there is a barrier between those that speak English and those that speak Mandarin. However, the major issue the blockchain is currently encountering is the Great Firewall related to the internet protocol of China. Members of EOS in China are finding it difficult to converse and discuss with other members in western nations.
In the East, the social media platform used for communication is WeChat. Whereas, EOS fans and developers in America and Europe use Telegram. This is a major issue for the ecosystem of EOS, as it presently features two separate conversations. This has also made it difficult for the ecosystem to create its democratic governance.
The issue also extended to the holders of the EOS token that were looking for access to dispute resolution. Dispute resolution is a tool that allows users to protect their compromised addresses from token theft. The tool is used by western users.
Hackers were targeting users from across the globe, but the Chinese members weren’t able to access the EOS Core Arbitration Forum. The arbitration holds on Telegram, but none of the members speak Mandarin. As a result, the entire community was being harmed by the division in infrastructure and language.
EOS Finds a Solution to Its Division Issues
Over the past months, there have been some relentless efforts to find a solution to this issue and bring both communities together. EOS has created an EOS Mandarin Arbitration Community. This will grant users in China access to dispute resolution.
A spokesman from the EOS Mandarin Arbitration Community (EMAC) said: “He believes that the cultural difference and language barrier still exists. But with the collaboration of the community, he is confident that they are no longer a serious issue to the ecosystem.”
EOS Remains One of the Most Resilient Blockchain Projects Despite Its Controversies
Recently, EOS encountered a voting scandal on its ecosystem. This also led the parent firm of EOS – Block.one – to make moves towards stopping block producers from forming voting cartels. This also made an EOS enthusiast to propose a whistleblower program to reduce the corruption on the ecosystem.
Despite the present situation and controversies, EOS is still one of the most resilient blockchain projects in the crypto space. The platform is highly functional at the moment. Developments on the platform also seem to be picking up.
Once the blockchain project resolves its voting scandal and centralization issue, it has the potential to replace Ethereum as the number one smart contract platform in the blockchain space.
EOS Price Today – EOS / USD
EOS is currently worth $5.24 after an increase of about one percent over the past twenty-four hours. The current market cap of the digital currency is $4.75 billion and its trading volume over the past twenty-four hours is $411.52 million.