EOS node operating at a loss? DApp false prosperity? Blacklist mechanism fails? See what the nodes say

Editor's Note: This article comes fromvernacular blockchainvernacular blockchain

from(ID: hellobtc), published with authorization.fromEOS mainnet onlineIt has only been 6 months so far, and the achievements that can be seen so far include: TPS of about 4,000 on the main network, the number of accounts exceeding 570,000, the number of mortgaged EOS exceeding 420 million,

The number of DApps has reached more than 200, EOS-based stablecoin launched...On the other hand, EOS has also been criticized, such as: RAM hype, CPU hype, IBO hype, the title of big casino,

DApp Smart Contract Vulnerabilities

In the face of these achievements and controversies, what do the nodes closest to EOS think? "Vernacular Blockchain" interviewed EOS LaoMao, EOSCannon, EOSAsia, OracleChain and EOS42 nodes.

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Vernacular blockchain:01 EOS node operating at a loss?

Vernacular blockchain:There are rumors that the current EOS market has already caused the node to operate at a loss. I want to verify whether it is true? If it is not true, can you disclose what is the price range of EOS when the next node breaks even?

EOS LaoMao Zhao Yu:This question depends on the expenditure status of each node and cannot be generalized. For example, not long after the mainnet was launched, some nodes had made financial disclosures, and some nodes were even in a state of loss from the beginning due to the large personnel expenditure. The geographical location of the node is also an important factor affecting the expenditure. In this regard, the Asian nodes have an advantage, after all, the personnel cost is relatively low. In addition, it is expected that the recent market downturn will lead to an increase in node costs or even losses, although the market trend is difficult to predict.

EOSCannon regular script:As far as single-node server equipment is concerned, it is not true. The cost and consumption of DPoS nodes are much lower than those of PoW mines. However, because the nodes are not only responsible for generating blocks, but also need to participate in the management and operation of the community, participate in development and governance, etc., so there are more non-hardware costs. For example, some node teams have a lot of staff, and the recent price drop has led to a drop in income, which may result in a loss. Since each node invests in these aspects differently, there is no fixed loss range.

EOSAsia Golden HorseEOS42 Jing Kai:

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Vernacular blockchain:02 Possibility and preventive measures of mass evacuation of EOS nodes

Vernacular blockchain:If most nodes lose money, is it possible that a large number of nodes will withdraw from EOS? Will it cause the EOS chain to eventually die? In order to prevent this extreme situation, do the nodes and the community have any countermeasures, such as changing node rewards?

EOS LaoMao Zhao Yu:If, I mean if, most of the nodes continue to lose money, withdrawal is possible. In such an extreme situation, the nodes themselves need to make corresponding budget adjustments or find ways to increase revenue and reduce expenditure. As for whether the node reward can be increased, this depends on the form of referendum. The good news is that the referendum tool is already in the Beta testing stage, but it is still unknown whether proposals such as increasing node rewards can be passed.

EOSCannon regular script: As I said just now, no matter how low the price drops, the cost of hardware and upgrades will be taken care of. In addition, the current block production nodes are all teams that have faith in EOS and are prepared, so the probability of large-scale evacuation of nodes is very small , at least the Canon community EOSCannon node will always be there. Now, some node teams have proposed reasonable adjustments to node salaries, and the community is discussing the pros and cons.

EOSAsia Golden Horse:EOS42 Jing Kai:

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Vernacular blockchain:03 The blacklist freezing mechanism fails

Vernacular blockchain:Not long ago, some media broke the news that some EOS nodes did not update the blacklist. As a result, when those nodes were responsible for generating blocks, scammers could bypass the frozen blacklist of other nodes, which eventually led to the transfer of assets and made the blacklist freezing mechanism invalid. I would like to ask, what is your opinion on this?

EOS LaoMao Zhao Yu:The failure to update the blacklist in time leads to asset loss, which is mainly caused by the imperfection of the current blacklist mechanism. Everyone knows that the 21 block producing nodes of the EOS main network are elected by voting, and the geographical distribution is very wide. It is indeed difficult to ensure that the blacklist is updated synchronously in a timely manner. To this end, our EOS LaoMao node has also made some plug-ins and smart contracts to reduce the difficulty of blacklist configuration and improve the security of the main network. But we don’t think the blacklist mechanism is meaningless. Looking at the various public chains, it is worthy of recognition that EOS can work hard to protect the victim’s assets in the event of being hacked. We believe that in the future there will be better tools and solutions to prevent this kind of thing from happening.

EOSCannon regular script:In fact, the node team is the same as the EOS main network. It has only been in office for a few months, so some dereliction of duty and incomplete work can be understood and forgiven, as long as they make corresponding statements and make up for it. I believe that the nodes that have made mistakes will pay more attention to this aspect of work in the future, and similar mistakes will not occur again. Nothing is perfect from the beginning.

EOSAsia Golden Horse:EOS42 Jing Kai:

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Vernacular blockchain:04 DApp ecology of EOSVernacular blockchain:？

At present, the number and activity of DApps on EOS are obvious to all, but there are also negative voices saying that the EOS ecology is a false prosperity. As a node, what do you thinkDApp Ecology of EOS

EOS LaoMao Zhao Yu:This question doesn't make sense to answer. If you really want to have an intuitive feeling about the ecology of each public chain, it is recommended to try to play with the DApps on each public chain and compare them horizontally. I believe everyone will find the answer. We believe that the sustainable development of the EOS ecosystem requires more developers, and only in this way can more valuable DApps emerge. In this regard, our EOS LaoMao team is also making our own modest efforts. On the one hand, we have successively open sourced nearly 10 projects around EOS. Among them, the Bank of Staked resource mortgage contract has served more than 40,000 independent accounts, and the EOS security guard smart contract has also been well received by the community. On the other hand, we are also actively organizing offline Meetups. We have organized several workshops for developers in Tokyo and Taiwan.

EOSCannon regular script:People who think that the EOS ecology is a false prosperity must have never participated in the EOS DApp ecology. It is really lively and fun. Our own community is now investing a lot of time in researching and playing with DApps. EOS is the first chain in the true sense that allows many people to get started, which is completely different from before. I am not worried about the future ecological explosion of EOS, it should be next year. At that time, we will see the flourishing of DApps on EOS, and there will be many high-quality DApps.

EOSAsia Golden Horse:False prosperity is certain, but the premise of false prosperity is the support of real applications and real users. I think every community’s DApp is falsely prosperous. After all, the cost of EOS batch fleece and batch swiping orders is lower. However, behind the false prosperity also reflects that there are opportunities, value, and activity in this ecology. The main reason why we are optimistic about the future EOS ecology is that the community is active, a large number of teams have begun to transfer from ETH to EOS, a large number of good games are already in the production process, and various problems of EOS are being resolved, including issues such as governance and CPU leasing. This process is not easy, and it is even more difficult when encountering a bear market, but it is also the eve of the outbreak of a public chain.

EOS42 Jing Kai:OracleChain old wolf:

For developers, EOS is currently the platform with the best support for DApps; for ordinary users, EOS is the most abundant ecosystem for DApps. The above two reasons have led to the fact that users on EOS are still very active even in the cold winter. Unless there is a more attractive ecosystem for developers and users, EOS will continue to lead this wave of DApps, and may even lead the entire blockchain industry into the next bull market.

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05 Epilogue