2018-7-17 22:49 |
Large scale congestion was experienced during the last week by the network of Ethereum. The event reflected to many crypto-analysts and enthusiast that a serious spam launching transactions are going on. Accordingly, the gas prices went overboard.
The Gas price in the Ethereum network has increased significantly, sometimes reaching more than 200 Gwei. Source: https://t.co/hE126OmuMe pic.twitter.com/4kQ5zAC3PU
— ICO Drops (@ICODrops) July 15, 2018
EOS, the decentralization-oriented blockchain may be deliberately attacking the Ethereum network through various dishonest tactics. This is what Justo, a dapp developer from the team behind PoWH3D and Fomo3D, concluded after some serious research and later discussed in an interview covered by TrustNodes.
According to Justo, his team was able to see that EOS was behind a series of Airdrops of tokens with little or no value at all. This strategy caused the price of GAS needed to process transactions to rise.
“Every day up until the launch of the EOS platform, which was June 6th, gas prices increased due to “Airdrop” tokens.
Thousands of random tokens, with no website, or bootstrapped template websites made in hours. Wasting hundreds of ethereum daily, hundreds of thousands of dollars to drop tokens.
This happened up until the launch of EOS, on the 6th, then immediately stopped. In one day, gas prices dropped back to normal.”
Later on, Ethereum’s network gas price signaled normalized status, being around 9 GWei the highest for speedy transactions.But, there is still the smart contract named as iFish that is still sending transactions without impacting the price. At one point, the smart contract used as much as 40% of gas prices.
The mentioned contract was in connection with a particular address that had EOS for months.
The post Ethereum [ETH] Blockchain Gas Price Normalized: EOS Speculated Attack appeared first on Ethereum World News.
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