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 onslaught is the reason. On Sunday, EOS took the number two spot after beating Ethereum and also Steem in a couple of hrs. Currently, EOS goes to leading in purchase volumes, according to Blocktivity.

This apparently happened because of a crush of spam from a smart agreement called Blocktwitter (not related to Twitter). Apparently, every second Blocktwitter is developing thousands of deals with a message that claims, “WE LOVE BM.” Blocktwitter is apparently using up significant deal volume, DailyHodl reported.

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

Additionally, on July 20, EOS Blackchain system’s transaction rate was striking the headings as it supposedly broke two documents in 1 Day. The blockchain platform went beyond the deal speed of all other cryptocurrencies with 2,822 transactions per 2nd and took place to 3k transactions each second mark, Blokt reported.

The rate was past the average deals each second (TPS) of Visa (which on an average is 1700). It likewise came to be the fastest major crypto platform that day by logging 2,822 TPS, EOS ultimately went beyond 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 update RAM on the system. The system will progressively enhance the RAM limitation to 1kb per block. The system assigned block producers to perform a ballot to continue with the RAM upgrade. 15 representative BP’s elected ‘Yes’ to seek the upgrade.

Priya

A Business Correspondent at Ontologywiki, 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!

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