EOS network was under extreme load due to the distribution of coins

Daily volume of contracts processed in the network EOS plummeted by nearly 43 percent. All because of a new airdrop — that is, the distribution of tokens — which is a kind of analogue of the fairwin’s on the Ethereum blockchain. Last week began the procedure for handing out “free money”, which the network throughput is dramatically decreased. There are even reports that some users are unable to conduct transactions in EOS.

Free money to cryptocurrency for each

We will remind, earlier from-for a Ponzi scheme called fairwin’s significant problems experienced the Ethereum blockchain. The cryptocurrency network was overloaded, so users were forced to pay too high a fee. Now this “disease” and migrated to the EOS. Only this time, cryptoendoliths lure of “free money”.

Here’s a chart of the daily volume of contracts, which covers the period from October 30. November 1 marked a sharp drop in throughput EOS network began to handle up to 43 percent less contracts.

Source: Titan Labs

Roughly speaking, the network just doesn't fit the same number of operations. At the moment it reached the peak load this year.

It turns out that the cause of all this is project EIDOS, which allows users to create tokens from unused CPU resources. If you send 0.001 EOS to the address of the contract EIDOS, you will automatically return 0.0001 0.811 EOS token EIDOS. Tokens have some value — you can sell them on 0.0667 dollar, so people are motivated to “beat the system”.

Many users have found a way to automate the process and now simply get “free money,” says head of communications DappRadar John Jordan.

People can earn more money by airdrop, so they use all the resources of the blockchain.

Developed by dApp Chain Clash Adrian KRION said that just a few days the price of the network usage of EOS has grown by at least 10 thousand times. Now some kryptonitetm uneconomical to perform transfers Aldona. In addition, other developers say about unstable operation of decentralized applications on the blockchain-based EOS.

According to the preliminary analysis of the network, the problem is somewhat deeper. In EOS each block is generated every 500 milliseconds, the units should be checked within 200 milliseconds, and the remaining 300 milliseconds is used to send blocks on the network.

Source: 2Биткоина

But as soon as a sufficient number of computers will reach 200 milliseconds, the network goes into “overload mode” in which the number of processor resources to use is significantly reduced.

According to the developers, the network recovery to a normal state takes a long time, so will have to wait.

Hopefully, soon the problem will be solved. The developments follow our cryptodata millionaires.


Leave a Reply

Your email address will not be published. Required fields are marked *