The EOS blockchain is congested by way of the EIDOS token airdrop, cryptocurrency trade Coinbase stories on Nov. nine.
In a submit on its weblog, Coinbase claims that it had bother in processing its shoppers’ transactions because of EOS community congestion led to by way of the EIDOS token airdrop. The trade has since solved the problem by way of expanding the quantity of staked CPU, securing a enough portion of the CPU time ultimate at the community to procedure its transactions.
Apparently, the incident additionally led to the cost of CPU time at the community to extend by way of over 100,000% over the path of four hours. The CPU time value reached just about 7.69 EOS/millisecond.
The reason for the EOS congestion
In line with Coinbase, a token known as EIDOS was once 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.
To be able to promote the tokens, customers have leased the community’s CPU time to extend the selection of transfers processed by way of the blockchain. This, in flip, led to the EOS community to go into congestion mode and prohibit the selection of transactions customers can broadcast to their pro-rata percentage of overall staked CPU sources at the blockchain.
The job associated with the token is accountable for a outstanding portion of overall job at the community:
“Recently, 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 rather low quantity of staked CPU sources, are these days not able to ship transactions. That being mentioned, the trade additionally notes that this case is simplest transient. Coinbase expects the community to go back to its standard state once it’s not successful to gather the tokens or the CPU rentals expire after 30 days and the lenders don’t renew the hire. Coinbase additionally issues out:
“It is very important notice 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 ratings, whilst Bitcoin (BTC) is ranked 11th.
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