Home / Cryptocurrency / EOS Blockchain Congested EIDOS Airdrop 95 of Transfers

EOS Blockchain Congested EIDOS Airdrop 95 of Transfers

The EOS blockchain is congested through the EIDOS token airdrop, cryptocurrency alternate Coinbase stories on Nov. nine.

In a publish on its weblog, Coinbase claims that it had hassle in processing its purchasers’ transactions because of EOS community congestion led to through the EIDOS token airdrop. The alternate has since solved the problem through expanding the quantity of staked CPU, securing a enough portion of the CPU time final at the community to procedure its transactions.

Apparently, the incident additionally led to the cost of CPU time at the community to extend through over 100,000% over the direction of four hours. The CPU time value reached just about 7.69 EOS/millisecond.

The reason for the EOS congestion

Consistent with Coinbase, a token known as EIDOS used to be launched on EOS on Oct. 31 and its airdrop comes to sending transactions at the community from the token’s sensible contract. 

Exchanges have indexed EIDOS/USDT pairs on Nov. 1 to permit those who won the tokens to promote them for the stablecoin.

With a view to promote the tokens, customers have leased the community’s CPU time to extend the selection of transfers processed through the blockchain. This, in flip, led to the EOS community to go into congestion mode and restrict the selection of transactions customers can broadcast to their pro-rata proportion of general staked CPU assets at the blockchain.

The job associated with the token is accountable for a outstanding portion of general job at the community:

“Lately, we’re gazing round 95% of all EOS switch movements are associated with the EIDOS contract.”

EOS community behaving as anticipated

Reasonable customers, who hang a reasonably low quantity of staked CPU assets, are lately not able to ship transactions. That being mentioned, the alternate additionally notes that this example is best brief. Coinbase expects the community to go back to its customary state once it’s not successful to assemble the tokens or the CPU rentals expire after 30 days and the lenders don’t renew the rent. Coinbase additionally issues out:

“It is very important observe that the EOS protocol is behaving as anticipated, however congestion mode prevents customers from having transactions processed that exceed their CPU stake.”

As Cointelegraph reported on the finish of October, EOS holds the highest spot in China’s state-backed crypto scores, whilst Bitcoin (BTC) is ranked 11th.

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