EOS Blockchain breaks two records in 24 hours
EOS Blockchain platform broke two records in the last 24 hours. Both in terms transaction speed. First, by beating all other cryptocurrencies with 2,822 transactions per second and then crossing the 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). Second record was broken early morning after it became the fastest major crypto platform by logging 2,822 TPS. And, by this evening, EOS surpassed 3,097 TPS, according to eosnetworkmonitor.io.
However, along with all such good news there are some controversies as well that resulted due to the nature of EOS. The use of Delegated Proof of Stake (DPOS) solves the problem slow and intensive mining but instead, users elect block producers play main role in confirming transactions.
The fear of the users became a reality when a few weeks ago a debacle involving one block producer dropping out of the contact for 2 days took place. This is not the only controversy, EOS was even accused by Ethereum dev team of orchestrating transaction spam on Ethereum. The claimed that it was done to gain a competitive advantage before its mainnet launch.
In other news, EOS Arbitration controversy will be eased with this new tool from Sagewise. Sagewise, a company which builds Blockchain and crypto-based dispute resolving technology has launched a tool to verify frozen accounts. After announcing the launch on their Medium page, the company has asked the community to provide feedback on the tool.
See also: EOS struggles to rise above $9
Following the launch of the EOS Blockchain in June, the Blockchain’s arbitration arm (ECAF) froze several accounts. When it was first announced, the ECAF’s controversial decision didn’t mention a reason. However, it was later announced that there was suspicious activity on these accounts and evidence of theft as well. The cryptocurrency community as a whole was incensed with the ECAF’s authoritarian decision.
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