EOS exceeded Ethereum in crypto deal quantity and reportedly a spam attack is the factor. On Sunday, EOS took the second place after beating Ethereum and also Steem in a couple of hours. Currently, EOS is at leading in transaction quantities, according to Blocktivity.
This obviously happened as a result of a crush of spam from a wise contract referred to as Blocktwitter (not connected to Twitter). Reportedly, every second Blocktwitter is producing numerous deals with a message that says, “WE LOVE BM.” Blocktwitter is reportedly taking up huge transaction volume, DailyHodl reported.
Likewise, on July 20, EOS Blackchain system’s deal rate was hitting the headings as it apparently damaged 2 documents in 24 Hr. The blockchain system surpassed the purchase rate of all other cryptocurrencies with 2,822 deals per 2nd as well as went on to 3k purchases each second mark, Blokt reported.
The speed was beyond the ordinary deals each second (TPS) of Visa (which on a standard is 1700). It also came to be the fastest major crypto system that day by logging 2,822 TPS, EOS eventually went beyond 3,097 TPS that night, inning accordance with eosnetworkmonitor.io.
In various other information, EOS authority exposed on July 26 that the EOS area has approved to upgrade RAM on the platform. The system will slowly boost the RAM restriction to 1kb per block. The platform designated block producers to perform a ballot to proceed with the RAM upgrade. 15 depictive BP’s elected ‘Yes’ to pursue the upgrade.
A mechanical engineer turned journalist, Shekar takes a keen interest in the study and analysis of cryptocurrencies and blockchain strategy. With the cryptocurrency world blooming in the recent days, he finds great interest in monitoring their growth and gathering every possible piece of information about them. He works as a crypto-journalist for the website Coineset.