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 alternate Coinbase experiences 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 by means of the EIDOS token airdrop. The alternate has since solved the problem by means of expanding the quantity of staked CPU, securing a enough portion of the CPU time final at the community to procedure its transactions.

Curiously, the incident additionally led to the cost of CPU time at the community to extend by means 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 used to be 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 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 by means of 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 percentage of overall staked CPU sources at the blockchain.

The task associated with the token is accountable for a outstanding portion of overall task at the community:

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

EOS community behaving as anticipated

Reasonable customers, who grasp a somewhat 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 best brief. Coinbase expects the community to go back to its commonplace 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 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 ratings, whilst Bitcoin (BTC) is ranked 11th.

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