Ethereum Gas Prices Return to Normal, After Intentional Network Overload

[Pamplelune]

Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload

The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds

Read more at: https://cryptovest.com/news/ethereum-eth-gas-prices-return-to-normal-after-suspected-intentional-network-overload/

From my experience last week ETH network was horribly overloaded, transactions with 41 GWEI took really long to proceed and some of them were simply dropped.

[UZIzzzz]

Because the list scheme of Fcoin exchange ended today, the blockage congestion problem of ETH was solved.
The reason why GAS rose sharply in the last few days is that many projects send small amounts of tokens to different Fcoin accounts in large quantities.

[EzatorFI]

A nightmare. Yesterday I waited about 6 hours for my transaction to be confirmed and I already started to get nervous (this usually takes 20-30 minutes). And how can you say after this that the Ethereum network is the most promising? It is better to do the trasfer through Litecoin or something else ...

[Sylvial]

The congestion on the Ethereum network was suspected to be orchestrated by EOS even though this can not be substantiated. By it was a horrid experience yesterday as transactions with lower gwei were delayed for long hours. Such things shouldn't be happening in the crypto world in my honest opinion.

[Psynthax]

Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload

The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds

Read more at: https://cryptovest.com/news/ethereum-eth-gas-prices-return-to-normal-after-suspected-intentional-network-overload/

From my experience last week ETH network was horribly overloaded, transactions with 41 GWEI took really long to proceed and some of them were simply dropped.

There was a news that accused EOS was behind all of the scenario to make the ethereum network becomes overloaded. A lot of new contract has been created and it has been used to spamming the network with so many transactions that put hundreds gwei for every transaction.

[Red-Apple]

this was not a spam attack, don't flatter yourself
this was simply a small increase in number of transactions which ethereum network failed to handle like it always does. it is starting to happen so often these days specially when there is some big ICO running or some of these silly smart contracts like the kitties are gaining momentum. ETH is not designed to handle large number of transactions.

[mario00]

That's good news. Was trying to make some transactions the other day, and there was an issue cos of the increase in gas price. It feels good to have it back to normal. Also, people were already speculating of how it could be a bad sign for the coin. People need to have more faith in this coin.

[kevoh]

That's twice now within a space of three weeks that Ethereum network is reported to be congested. I think I will put the blame on suspicious Airdrops with no projects to back it up as the culprit. Anyway, good the network is decongested now.

[Pamplelune]

Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload

The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds

Read more at: https://cryptovest.com/news/ethereum-eth-gas-prices-return-to-normal-after-suspected-intentional-network-overload/

From my experience last week ETH network was horribly overloaded, transactions with 41 GWEI took really long to proceed and some of them were simply dropped.

There was a news that accused EOS was behind all of the scenario to make the ethereum network becomes overloaded. A lot of new contract has been created and it has been used to spamming the network with so many transactions that put hundreds gwei for every transaction.

I thought that EOS tokens already migrated to its own blockchain from ERC20?
If yes, how EOS could affect Ethereum network?

[ashlyvash00]

Yeah thanks god the eth gas station is back to normal. Because last transaction i made cost almost 1$(100gwie std). And if you wont reach the std your transact might be fail or pending for a long period

[cilgindansci]

This problem took too long time. Ethereum Gas levels are now very affordable.
Ethereum has relaxed anymore and is now entering a beautiful rise process.

[miracle24]

This is a very wonderful news. Ethereum still need to work on  their scalability.

[btcmaster999]

this news is very satisfying from some days the users were facing lots of issues regarding their transaction, it was taking lots of time so it is definitely a positive news that things are getting back to normal, I hope that the users will keep support it as they are doing now and will have faith that it will better in the future

[Gaggy185]

LOL. I was really worry about that when I had to wait hours but my transaction still pending although I set Gas very high. . But yesterday everything was find again when I just need to pay about 0.00014 ETH for transaction fee on ETH and everything was very quickly. Few days ago, there are so many guys didn't believe in ETH future anymore just because of this situation but seem like they've to change their mind now

[amacar2]

Main problem is with ETH network, they know this congestion problem in the network for years but they haven't done anything to solve this till now and many still keep supporting ETH over bitcoin claiming it doesn't have scalibility issue like bitcoin 

Will NEO gonna surpass ETH in smart contract market? There are few more competitors for ETH so ethereum foundation have to come up with some solution for such congestion.

[jaythelingly]

This is really good news because eth users are suffering for this based on this problem is solved I think also because of lack of projects of small types of projects are related with this pricing method.

[luyin46]

Very strange, the Ethernet network was still very congested a few days ago, and it was a long time of congestion. I didn't expect it to drop quickly, and there was no rebound. I did not encounter such a situation that I came so fast and went fast.

[Olalomi]

Ethereum (ETH) Gas Prices Return to Normal, After Suspected Intentional Network Overload

The Ethereum (ETH) network faced heavy congestion over the weekend, leading some to suspect a concerted effort at launching spam transactions. Over the weekend, gas prices reached above 200 GWei for higher speeds

Read more at: https://cryptovest.com/news/ethereum-eth-gas-prices-return-to-normal-after-suspected-intentional-network-overload/

From my experience last week ETH network was horribly overloaded, transactions with 41 GWEI took really long to proceed and some of them were simply dropped.

This is a sign of relief  its has been very terrible transacting eth mainly in MEW and there are many complains on the distribution of tokens arising from the congestion of the network and high gas prices thus resulting to the suspension of distributions of tokens in past weeks ago of an ICO. I hope a lasting solutions should deployed to this problem to avoid future occurrence.

[tunglong]

Hi, this is the good news for everyone who uses the etherum network. Last week when i transfer my token to exchange, the fee is very expensive and pending long time, so inconvenience! now the fee is normal, good!

[unusualfacts30]

I suppose we all can take a sigh of relief. It was taking a long time to do transactions few days ago but this isn't the first time I'm hearing about congestion on eth network. hopefully they'll do something about it.