EIDOS Airdrop Causes Major EOS Network Congestion

Blockchain congestion is a really huge downside within the cryptocurrency trade. Many networks undergo from these drawbacks frequently.

Within the case of EOS, such points had not been current all that a lot. That scenario got here to vary earlier right this moment, as an airdrop rapidly crammed up the community capability. 

An Airdrop Cripples the EOS Throughput

For Coinbase, the degraded efficiency of EOS has been obvious for some time. Over per week in the past, the corporate famous it will take longer to course of transactions. 

It now seems there’s a main enhance in EOS community exercise. An ongoing airdrop of the EIDOS token is allegedly guilty for all of this.

To obtain this airdrop, customers must ship EOS to and from the EIDOS contract. As such, the variety of general community transactions has elevated considerably. 

Exchanges and buying and selling platforms supporting EIDOS have additionally popped up. This additional will increase community exercise as these transactions additionally should be processed. 

The EOS community depends on CPU energy to extend transactions. It seems a excessive enhance in leased CPU is lively on the community to extend the variety of transfers to be processed.

Sadly, that latter method is backfiring considerably. Because the community is now congested, there’s a restrict as to what number of EOS transactions can ship. 

It’s unclear how lengthy the community will stay congested. 

It stays worthwhile to gather EIDOS presently, thus it appears believable this “onslaught” will proceed unabated.

Picture(s): Shutterstock.com

About Tom Greenly

Check Also

The Future of College During Coronavirus

The Future of College During Coronavirus Brian Wallace Could 26, 2020 Infographics COVID-19 has modified …

IMF Predicts Banks Will Struggle at Least 5 More Years After Global Economy Recovers

The Worldwide Financial Fund (IMF) has predicted that banks will wrestle to generate income at …

bbw sex