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 purchase volume and apparently a spam assault is the factor. On Sunday, EOS took the number two place after beating Ethereum and Steem in a couple of hours. Currently, EOS goes to primary in purchase quantities, according to Blocktivity.

This apparently taken place because of a crush of spam from a smart contract known as Blocktwitter (not related to Twitter). Reportedly, every second Blocktwitter is developing thousands of deals with a message that states, “WE LOVE BM.” Blocktwitter is apparently taking up massive purchase quantity, DailyHodl reported.

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

Additionally, on July 20, EOS Blackchain system’s transaction speed was hitting the headings as it reportedly damaged 2 records in 24-HOUR. The blockchain platform surpassed the transaction speed of all other cryptocurrencies with 2,822 transactions each 2nd and also went on to 3k purchases each second mark, Blokt reported.

The speed was past the ordinary transactions per second (TPS) of Visa (which on an average is 1700). It additionally came to be the fastest major crypto platform that day by logging 2,822 TPS, EOS eventually surpassed 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 accepted to update RAM on the platform. The platform will progressively enhance the RAM limit to 1kb each block. The system assigned block manufacturers to perform a ballot to proceed with the RAM upgrade. 15 representative BP’s voted ‘Yes’ to seek the upgrade.

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