EOS beats Ethereum in transaction volumes, thanks to spam onslaught

Home » News » EOS beats Ethereum in transaction volumes, thanks to spam onslaught
July 30, 2018 by
EOS beats Ethereum in transaction volumes, thanks to spam onslaught

EOS surpassed Ethereum in crypto transaction quantity and supposedly a spam attack is the factor. On Sunday, EOS took the second place after defeating Ethereum as well as Steem in a few hours. Currently, EOS is at number one in purchase quantities, according to Blocktivity.

This obviously happened due to a crush of spam from a clever contract referred to as Blocktwitter (not associated with Twitter). Apparently, every second Blocktwitter is developing thousands of deals with a message that claims, “WE LOVE BM.” Blocktwitter is supposedly occupying big transaction quantity, DailyHodl reported.

See also: Malicious EOS contract has security risk of consuming user RAM: Meitu

Likewise, on July 20, EOS Blackchain platform’s transaction rate was hitting the headings as it reportedly broke two records in 24 hours. The blockchain platform went beyond the purchase rate of all various other cryptocurrencies with 2,822 deals each second and took place to 3k purchases each 2nd mark, Blokt reported.

The rate was past the typical purchases each second (TPS) of Visa (which on a standard is 1700). It also ended up being the fastest significant crypto system that day by logging 2,822 TPS, EOS ultimately exceeded 3,097 TPS that evening, inning accordance with eosnetworkmonitor.io.

In other news, EOS authority exposed on July 26 that the EOS area has accepted to upgrade RAM on the platform. The platform will progressively boost the RAM restriction to 1kb each block. The system designated block manufacturers to conduct a ballot to continue with the RAM upgrade. 15 representative BP’s elected ‘Yes’ to seek the upgrade.

A Business Correspondent at Cryptoheed, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!

© Copyright 2018. Crypto Heed. Designed by Space-Themes.com.