The EOS blockchain is congested by way of the EIDOS token airdrop, cryptocurrency alternate Coinbase stories on Nov. nine.
In a put up on its weblog, Coinbase claims that it had bother in processing its shoppers’ transactions because of EOS community congestion brought about by way of the EIDOS token airdrop. The alternate has since solved the problem by way of expanding the volume of staked CPU, securing a enough portion of the CPU time last at the community to procedure its transactions.
Curiously, the incident additionally brought about the cost of CPU time at the community to extend by way of 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
In step 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 gained the tokens to promote them for the stablecoin.
With a purpose 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, brought about the EOS community to go into congestion mode and restrict the selection of transactions customers can broadcast to their pro-rata percentage of general staked CPU sources at the blockchain.
The job associated with the token is liable for a exceptional portion of general job at the community:
“These days, we’re watching round 95% of all EOS switch movements are associated with the EIDOS contract.”
EOS community behaving as anticipated
Moderate customers, who dangle a reasonably low quantity of staked CPU sources, are these days not able to ship transactions. That being stated, the alternate additionally notes that this example is simplest brief. Coinbase expects the community to go back to its standard 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 rent. Coinbase additionally issues out:
“You will need to word 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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