Last Saturday, September 30th, we had the first EOS meetup here in Buenos Aires. It was organized by Matías Romeo, who is part of the EOS team. It took place in "Espacio Bitcoin".
We had a great opportunity to learn and discuss with him many different aspects of this fascinating project, getting into different levels of detail.
He also showed us the code of some basic contracts, and a single node testnet running.
As you can see in the last picture, there is a time limit in order to avoid infinite loops...
(I thought it was enough with the "bandwidth rate limiting", but apparently not. Anybody knows why?)
https://www.meetup.com/EOS-Argentina/events/243756059/
I am a great enthusiast of EOS, since I understand that this platform will be the first one able to run mainstream useful decentralized apps at a global scale. This should make it the most important blockchain so far.
time limit is there to reject misbehaving transactions.
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OK, but the bandwidth limit has the same purpose (while distributing resources proportional to stake) . Why do we need both?
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Transactions can be rejected because they take too much time to process (misbehaving transactions) or because there are too many of them for amout of EOS held.
Each transaction has to complete within allowed window, or it will be rejected by block producers. This will keep bad code out of the blockchain.
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ok, but why not just take a global time limit for processing according to stake? Maybe it is harder to implement
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Bad transactions can cause problems for blockchain operation, so have to be rejected regardless if there is unused bandwidth left.
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I'm not a programmer at all but I'm already impressed with how the code looks. :D
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You will gain a great experience and have a happy luck
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So you guys wrapped up the month with a meeting? Good move, as that'll promote and solidify your team.
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Actually we are not a team for the moment, we were just like twenty people interested in the topic.
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Great news for eos Investors.
https://steemit.com/eos/@kcfrau/eos-io-is-now-updated-to-inclue-generate-eos-functions-for-non-metamask-users
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That is so magnificent. I am very grateful for that! Love it.
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You will gain a great experience and have a happy luck
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