The airdrop and the desire to make money became the reason …
The airdrop and the desire to earn money caused the disruption of the EOS network
EOS Network Experiencing Difficulty Processing Transactions And Allocating Compute Over The Last Week.
According to Titan Labs, EOS contracts numbered 150,000 daily users in mid-October, but by the beginning of November the value had dropped 43%, reaching its lowest level for the entire year..
The reason is probably the EIDOS project airdrop launched on Friday, which allows users to “mine” tokens using idle CPU resources. A user who sends 0.0001 EOS to an EIDOS contract address receives a refund of their funds plus a specified amount in EIDOS. Since EIDOS has a price tag ($ 0.029 at time of publication), EOS holders are motivated to participate in the campaign.
“EIDOS is basically easy money,” John Jordan, DappRadar Communications Director, told Decrypt..
As EOS holders began to look for new ways to automate the process of obtaining tokens, the network began to work more and more slowly. “People can make money through this airdrop and use all the blockchain resources,” Jordan added..
Chain Clash developer Adrian Kryon has observed that the cost of using the EOS network has increased 10,000 to 20,000 times compared to the level seen last Thursday. “Because of this, a large number of people cannot use EOS at all,” he said..
EOS Knights announced that launching decentralized applications has become problematic “due to an issue with the EOS network.”.
Dexaran analyst argues that the problem goes deeper. On the EOS network, each block is created with an interval of 500 milliseconds: the block must be validated within 200 milliseconds, and another 300 milliseconds are provided for its transmission to the network. As soon as enough computers hit the 200 milliseconds threshold, the network goes into overload and cuts down on the available CPU..
“The network takes a long time to recover and returns to its normal state after an overload. To increase the cost of such attacks, network recovery must be faster, ”Dexaran explained..
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