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 volume and apparently a spam onslaught is the factor. On Sunday, EOS took the second spot after beating Ethereum and also Steem in a couple of hours. Currently, EOS is at top in deal quantities, inning accordance with Blocktivity.

This obviously happened due to a crush of spam from a smart contract known as Blocktwitter (not associated with Twitter). Supposedly, every second Blocktwitter is creating thousands of transactions with a message that states, “WE LOVE BM.” Blocktwitter is reportedly taking up massive transaction volume, DailyHodl reported.

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

Additionally, on July 20, EOS Blackchain platform’s deal speed was striking the headlines as it apparently damaged two documents in 1 Day. The blockchain system surpassed the purchase speed of all various other cryptocurrencies with 2,822 transactions each second and also took place to 3k transactions each second mark, Blokt reported.

The rate was past the average transactions each 2nd (TPS) of Visa (which on an average is 1700). It likewise became the fastest significant crypto system that day by logging 2,822 TPS, EOS at some point surpassed 3,097 TPS that evening, according to eosnetworkmonitor.io.

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

In other information, EOS authority revealed on July 26 that the EOS community has actually accepted to upgrade RAM on the platform. The platform will slowly raise the RAM restriction to 1kb each block. The platform designated block producers to carry out a vote to continue with the RAM upgrade. 15 representative BP’s elected ‘Yes’ to pursue the upgrade.

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