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 transaction quantity and supposedly a spam attack is the factor. On Sunday, EOS took the second place after defeating Ethereum and Steem in a few hrs. Currently, EOS goes to top in transaction volumes, inning accordance with Blocktivity.

This evidently happened due to a crush of spam from a wise contract known as Blocktwitter (not related to Twitter). Apparently, every second Blocktwitter is creating thousands of transactions with a message that states, “WE LOVE BM.” Blocktwitter is apparently taking up huge purchase quantity, DailyHodl reported.

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

Additionally, on July 20, EOS Blackchain platform’s transaction rate was hitting the headlines as it reportedly broke 2 records in 24 Hr. The blockchain platform exceeded the deal rate of all other cryptocurrencies with 2,822 purchases each second and went on to 3k transactions per second mark, Blokt reported.

The speed was past the typical purchases per 2nd (TPS) of Visa (which on an average is 1700). It also came to be the fastest major crypto system that day by logging 2,822 TPS, EOS eventually exceeded 3,097 TPS that evening, according to eosnetworkmonitor.io.

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

In various other information, EOS authority disclosed on July 26 that the EOS community has actually accepted to upgrade RAM on the platform. The system will slowly enhance the RAM restriction to 1kb each block. The platform assigned block manufacturers to carry out a vote to continue with the RAM upgrade. 15 representative BP’s voted ‘Yes’ to go after the upgrade.

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