EOS beats Ethereum in transaction volumes, thanks to spam onslaught

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

EOS exceeded Ethereum in crypto purchase quantity as well as supposedly a spam attack is the reason. On Sunday, EOS took the second spot after defeating Ethereum and also Steem in a couple of hours. Presently, EOS goes to number one in deal quantities, inning accordance with Blocktivity.

This evidently happened due to a crush of spam from a smart agreement called Blocktwitter (not connected to Twitter). Apparently, every second Blocktwitter is producing numerous transactions with a message that states, “WE LOVE BM.” Blocktwitter is reportedly taking up big deal volume, DailyHodl reported.

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

Also, on July 20, EOS Blackchain system’s transaction rate was striking the headlines as it apparently damaged two documents in 24-HOUR. The blockchain platform surpassed the deal speed of all various other cryptocurrencies with 2,822 transactions each second and also took place to 3k transactions per second mark, Blokt reported.

The speed was beyond the average transactions each 2nd (TPS) of Visa (which on a standard is 1700). It additionally became the fastest significant crypto platform that day by logging 2,822 TPS, EOS eventually went beyond 3,097 TPS that night, inning accordance with eosnetworkmonitor.io.

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

In various other news, EOS authority disclosed on July 26 that the EOS neighborhood has authorized to upgrade RAM on the system. The system will progressively increase the RAM limit to 1kb per block. The platform appointed block manufacturers to perform a ballot to proceed with the RAM upgrade. 15 representative BP’s voted ‘Yes’ to pursue the upgrade.

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