EOS's own blockchain is barely a month old and is already reaching new highs in terms of transactions. In the last 24 hours before the editorial deadline, EOS had processed 500,000 transactions, according to the information on “EOS Network Monitor.io”. The blockchain achieves a transaction throughput of up to 1,275 transactions per second.
Earlier, EOS “only” processed nearly 800 transactions per second. Then that number rose to 990. This was followed, albeit only a second, by the blockchain executing 1,200 transactions.
Danach” normalized “the Transaction number again. However, it is still unclear how the transactions are measured accurately per second. So it may be that inaccuracies or mistakes have crept in.
Ethereum transaction fees increased
While EOS enjoyed the success and number of transactions, Ethereum suddenly faced network congestion. Ethereum's increased transaction volume started one day before the editorial deadline. As a side effect, the many transactions also led to an increase in Ethereum transaction fees. At the time of going to press, they were around USD 1.00.
A dApp developer blamed EOS for the overload. In an interview he said:
“If you think it's not EOS, who has $ 2 million per day to attack Ethereum while still holding EOS tokens?”
EOS Development Chief Dan Larimer denied these allegations. In a comment on a telegram channel he said:
“I can assure you that Block.one would not be stupid enough to use its resources to attack Ethereum. All that's needed is CryptoKitties. There are many cleverer and more cost-effective ways to cause problems for Ethereum if you want to. “
Notwithstanding, the circumstances are surprising. At a time when Ethereum is having problems, is the transaction turnover of EOS going to grow unusually high?
Another cause for surprise is the question of who is actually making so many EOS transactions. Ethereum took three years to reach a volume of 500,000 transactions per day. In addition, it required an incredibly popular dApp that spread like wildfire.
In the light of that, it's hard to believe Dan Larimer. EOS has had problems over the last few months. This included RAM fees of $ 30. All this should now play no role and EOS within a week so increased in demand?Of course not. Transactions can be fictitious. Everything seems to be well coordinated. Maybe not only EOS is fine with his approach, but also Ethereum.
Sources: EOS Network Monitor.io, Reddit, Pixabay
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/eos-blockchain-records-record-of-1-200-transactions-pro-second-ethereum-about-overloaded-a-failable/
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