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 went beyond Ethereum in crypto transaction volume as well as supposedly a spam assault is the reason. On Sunday, EOS took the second area after defeating Ethereum and Steem in a couple of hrs. Currently, EOS is at number one in purchase quantities, according to Blocktivity.

This evidently occurred due to a crush of spam from a wise contract known as Blocktwitter (not related to Twitter). Reportedly, every second Blocktwitter is creating numerous deals with a message that claims, “WE LOVE BM.” Blocktwitter is reportedly using up huge purchase volume, DailyHodl reported.

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

Likewise, on July 20, EOS Blackchain platform’s deal rate was striking the headlines as it apparently damaged two records in 24-HOUR. The blockchain system surpassed the purchase rate of all other cryptocurrencies with 2,822 transactions per 2nd and also went on to 3k transactions per second mark, Blokt reported.

The speed was past the typical deals per second (TPS) of Visa (which on a standard is 1700). It additionally ended up being the fastest major crypto system that day by logging 2,822 TPS, EOS eventually went beyond 3,097 TPS that evening, inning accordance with eosnetworkmonitor.io.

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

In other information, EOS authority disclosed on July 26 that the EOS community has actually accepted to update RAM on the system. The system will gradually raise the RAM limit to 1kb each block. The platform appointed block manufacturers to conduct a ballot to continue with the RAM upgrade. 15 representative BP’s voted ‘Yes’ to go after the upgrade.

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