EOS Blockchain Congested: EIDOS Airdrop 95% of Transfers
Adrian Zmudzinski's original article for cointelegraph.com reduced by 45%
The EOS blockchain is congested by the EIDOS token airdrop, cryptocurrency exchange Coinbase reports on Nov. 9. In a post on its blog, Coinbase claims that it had trouble in processing its clients' transactions due to EOS network congestion caused by the EIDOS token airdrop.
The exchange has since solved the issue by increasing the amount of staked CPU, securing a sufficient portion of the CPU time remaining on the network to process its transactions. According to Coinbase, a token called EIDOS was released on EOS on Oct. 31 and its airdrop involves sending transactions on the network from the token's smart contract.
In order to sell the tokens, users have leased the network's CPU time to increase the number of transfers processed by the blockchain. This, in turn, caused the EOS network to enter congestion mode and limit the number of transactions users can broadcast to their pro-rata share of total staked CPU resources on the blockchain. "Currently, we're observing around 95% of all EOS transfer actions are related to the EIDOS contract..
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