EOS beats Ethereum in transaction volumes, thanks to spam onslaught
EOS surpassed Ethereum in crypto transaction volume and reportedly a spam onslaught is the reason. On Sunday, EOS took the number two spot after beating Ethereum and Steem in a few hours. Currently, EOS is at number one in transaction volumes, according to Blocktivity.
This apparently happened due to a crush of spam from a smart contract known as Blocktwitter (not related to Twitter). Reportedly, every second Blocktwitter is creating hundreds of transactions with a message that says, “WE LOVE BM.” Blocktwitter is reportedly taking up huge transaction volume, DailyHodl reported.
Also, on July 20, EOS Blackchain platform’s transaction speed was hitting the headlines as it reportedly broke two records in 24 hours. The blockchain platform surpassed the transaction speed of all other cryptocurrencies with 2,822 transactions per second and went on to 3k transactions per second mark, Blokt reported.
The speed was beyond the average transactions per second (TPS) of Visa (which on an average is 1700). It also became the fastest major crypto platform that day by logging 2,822 TPS, EOS eventually surpassed 3,097 TPS that evening, according to eosnetworkmonitor.io.
In other news, EOS authority revealed on July 26 that the EOS community has approved to upgrade RAM on the platform. The platform will gradually increase the RAM limit to 1kb per block. The platform assigned block producers to conduct a vote to continue with the RAM upgrade. 15 representative BP’s voted ‘Yes’ to pursue the upgrade.
Image via Shutterstock, Blocktivity
Join our telegram group