• Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
Subscribe
  • Login
  • Register
No Result
View All Result
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics
No Result
View All Result
No Result
View All Result

EOS Hits 1,200 Transactions Per Second While Ethereum Suddenly Faces Congestion, Coincidence?

15/07/2018 13:06
1 comment

The barely month old eos blockchain has reached a new high of 1,275 transactions per second while processing around 500,000 transactions in the past 24 hours according to block explorers.

Beginning around ten hours ago and for a very brief second, eos processed nearly 800 transactions in one second. Around one hour ago it reached 990, and then at the time of writing, 1,200 for just one second.

It then returned to somewhat normal, with it unclear at this stage just how exactly these transactions per second are being measured.

Eos suddenly claims it reached 1,200 transactions per second

Yet the celebration in eos spaces comes at a time when ethereum is suddenly congested with an increase in transaction volumes starting only yesterday causing a rise in fees which currently stand at ~$1 per transaction.

A dapp developer has accused eos of orchestrating the congestion in ethereum. Speaking to Trustnodes in a brief interview, he says:

“If you don’t think EOS is doing it, then who has 2 million dollars a day to attack ethereum, and also owns eos tokens?”

Dan Larimer, eos’ lead developer, has denied the allegations. Commenting earlier on a Telegram channel, Larimer says:

“I can assure you block one wouldn’t be so stupid to spend our resources attacking eth when all it takes is crypto kitties. There are far smarter and more cost effective ways at bringing eth down if that were the goal.”

Yet these very high transactions per second suddenly occurring when ethereum suddenly finds itself congested, looks like a very interesting coincidence.

No least because one has to wonder as to who exactly is transacting so much on eos. It took ethereum about three years to reach 500,000 transactions a day and an incredibly popular dapp that went viral.

Yet we are to believe eos, which has been facing problems upon problems, including $30 ram fees, has in a week attracted so much demand?

Of course not. Transactions can easily be faked, making this appear very much orchestrated. And if it is so orchestrated in eos, perhaps it is in eth too.

Copyrights Trustnodes.com

 

Related Posts

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Apes

Cristiano Ronaldo Binances

Load More
  • Trending
  • Comments
  • Latest
Grayscale's Bitcoin Trust price, June 2022

Grayscale’s Bitcoin Price Falls to $12,000

Ethereum longs, June 2022

Ethereum Longs Spike

Bitcoin and other asset prices, June 2022

Bitcoin Drops Below $20,000

The world's three richest men sold billions at the top

How the Rich Crashed the World

Lido Staking Share, June 2022

Lido Votes Against Limiting Staking

Defi dapps DNS hijacked, June 2022

Defi Dapps DNS Attacked

Eminem Ape

Eminem Apes

Cristiano Ronaldo partners with Binance on NFTs

Cristiano Ronaldo Binances

Comments

Latest News

  • Lido Votes Against Limiting Staking
  • Defi Dapps DNS Attacked
  • Eminem Apes

About Trustnodes

Terms of Service

Privacy Policy

Our Ethics and Values

Trustnodes Newsletter

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Markets
  • Crypto
  • Web3
  • Culture
  • Opinion
  • Politics

Trustnodes © 2017-2022. All Rights Fully Reserved. For any Enquiries contact@trustnodes.com RSS Feed

Welcome Back!

Login to your account below

Authenticate with MetaMask Loading...

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?