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

EOS Blockchain Congested: EIDOS Airdrop 95% of Transfers

The EOS blockchain is congested by means of the EIDOS token airdrop, cryptocurrency trade Coinbase reviews on Nov. nine.

In a publish on its weblog, Coinbase claims that it had hassle in processing its shoppers’ transactions because of EOS community congestion led to by means of the EIDOS token airdrop. The trade has since solved the problem by means of expanding the volume of staked CPU, securing a enough portion of the CPU time last at the community to procedure its transactions.

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

The reason for the EOS congestion

Consistent with Coinbase, a token referred to as EIDOS was once launched on EOS on Oct. 31 and its airdrop comes to sending transactions at the community from the token’s good contract. 

Exchanges have indexed EIDOS/USDT pairs on Nov. 1 to permit people 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 collection of transfers processed by means of the blockchain. This, in flip, led to the EOS community to go into congestion mode and restrict the collection of transactions customers can broadcast to their pro-rata percentage of overall staked CPU assets at the blockchain.

The task associated with the token is answerable for a exceptional portion of overall task 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

Moderate customers, who dangle a somewhat low quantity of staked CPU assets, are lately 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 customary state once it’s now 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 be aware 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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