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 deal quantity and also apparently a spam assault is the factor. On Sunday, EOS took the number two place after beating Ethereum and also Steem in a few hrs. Presently, EOS goes to number one in transaction volumes, inning accordance with Blocktivity.

This apparently happened because of a crush of spam from a wise contract known as Blocktwitter (not related to Twitter). Supposedly, every second Blocktwitter is creating hundreds of purchases with a message that claims, “WE LOVE BM.” Blocktwitter is apparently taking up significant deal quantity, DailyHodl reported.

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

Also, on July 20, EOS Blackchain platform’s purchase rate was hitting the headlines as it reportedly broke two records in 1 Day. The blockchain system exceeded the purchase rate of all other cryptocurrencies with 2,822 purchases per second and also took place to 3k transactions each second mark, Blokt reported.

The speed was past the typical transactions each second (TPS) of Visa (which on an average is 1700). It additionally ended up being the fastest major crypto system that day by logging 2,822 TPS, EOS at some point surpassed 3,097 TPS that night, inning accordance with eosnetworkmonitor.io.

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

In other news, EOS authority revealed on July 26 that the EOS community has accepted to update RAM on the platform. The platform will gradually boost the RAM limit to 1kb each block. The system appointed block manufacturers to conduct a ballot to continue with the RAM upgrade. 15 representative BP’s elected ‘Yes’ to seek the upgrade.

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