EOS exceeded Ethereum in crypto transaction volume and supposedly a spam attack is the reason. On Sunday, EOS took the number two spot after defeating Ethereum and Steem in a couple of hrs. Presently, EOS is at top in purchase volumes, according to Blocktivity.
This evidently happened as a result of a crush of spam from a smart contract known as Blocktwitter (not related to Twitter). Supposedly, every second Blocktwitter is creating numerous deals with a message that says, “WE LOVE BM.” Blocktwitter is reportedly using up substantial transaction quantity, DailyHodl reported.
Also, on July 20, EOS Blackchain system’s deal speed was hitting the headlines as it supposedly damaged two documents in 1 Day. The blockchain system exceeded the deal rate of all other cryptocurrencies with 2,822 purchases per second and went on to 3k transactions per second mark, Blokt reported.
The rate was past the ordinary transactions per second (TPS) of Visa (which on a standard is 1700). It also came to be the fastest significant crypto system that day by logging 2,822 TPS, EOS eventually surpassed 3,097 TPS that night, inning accordance with eosnetworkmonitor.io.
In various other information, EOS authority disclosed on July 26 that the EOS community has accepted to upgrade RAM on the system. The platform will progressively increase the RAM restriction to 1kb each block. The platform appointed block manufacturers to conduct a vote to proceed with the RAM upgrade. 15 depictive BP’s voted ‘Yes’ to pursue the upgrade.
A Business Correspondent at Abstractblockchain, Priya Raja has more than three years of professional experience in journalism. She has worked as an Assistant Editor and Content Writer prior to this, and has done Technical Writing and Business Writing. Outside the professional realm, she loves blogging, painting, crafts, and dancing. Basically, anything CREATIVE!