Altcoin blockchain wars?

[bbc.reporter]

A block producer was quoted in the article telling everyone over Telegram that EIDOS is a token sparse on information. That might be because EIDOS is an attack on EOS to slow it down and prove that it is not scalable.

However, who would create the attack? Developers from another platform? Holders of Ethereum? In any case, I speculate that this is the beginning of the blockchain wars hehehe.



EOS has been clogged up by a giant airdrop for a token called EIDOS – and it’s not clear the token is even good for anything.

In fact, it seems as though the people behind the token are trying to make a point. The token seizing up the network is called EIDOS. Its promoted by a Twitter account, @enumivo, whose website only describes the token generation, not its purpose. However, its tweets appear to express discontent with the block producers running the EOS blockchain today.

The smart contract for went live on Oct. 31 and is designed to encourage maximum transactions. The size doesn’t matter. This has caused EOS to go into congestion mode, which Coinbase described on its blog as limiting “the amount of transactions a user can broadcast to their pro-rata share of total staked CPU resources on the EOS network.”

In other words, EOS usually provides a little give when it has excess capacity (and it usually does), but that’s all been maxed out due to the demand spurred by the EIDOS smart contract.

“It’s a token that is pretty sparse on information, but then again that’s nothing unusual in crypto,” Aaron Cox of Greymass, a block producer candidate, explained to CoinDesk over Telegram.

Read in full https://www.coindesk.com/a-mysterious-airdrop-called-eidos-is-clogging-eos-to-make-a-point

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[CjMapope]

:O interesting!   i guess what goes around comes around, i remember when everyone was scared EOS had so much ETH and they were gonna throw their weight around to do the same thing
They wanted to prove how easily ETH could be clogged up.  lol now its happening to them   funny how she goes
Oh, Crypto...  will be interesting to watch this play out

[ecnalubma]

:O interesting!   i guess what goes around comes around, i remember when everyone was scared EOS had so much ETH and they were gonna throw their weight around to do the same thing
They wanted to prove how easily ETH could be clogged up.  lol now its happening to them   funny how she goes
Oh, Crypto...  will be interesting to watch this play out

Probably a payback time after Ethereum suffer the same scenario before during cryptokitties fame way back 2017 only increasing fees fixed the problem. I “guess” it would be same approach as EOS, but I don’t use their network though. 😁

[mu_enrico]

Yeah, I'm surprised as well. I thought that at least EOS wouldn't be clogged that much. However, the recent "attack" on the dice smart contract, and this airdrop is not a small issue.

It's a widespread knowledge that scalability can be solved with POS blockchain. Then, this news raises the question that if POS blockchain cannot scale, then how can we solve this scalability problem?

ETH failed, EOS failed, so what's next? Cardano? Cosmos? Or other absurd cryptocurrencies?

[o48o]

And just a while ago EOS fan laughed me about how expensive and slow ETH is and how EOS doesn't get clogged. I look forward for our next meeting . What ever the project is, they got our attention, and their name is now stuck on my head, so kudos for the good marketing.

[Ucy]

Could this be why activities on EOS is so high on https://blocktivity.info ?
I thought EOS has a way of dealing with stuff like this through consensus or something without violating the censorship resistant principle of Blockchain? I guess the real problem determining the real intention of the creator of EIDOS. Could be to harm the network or not really intentional.

[Bttzed03]

So Eos isn't scalable like what they say huh? What a surprise!

However, who would create the attack? Developers from another platform? Holders of Ethereum? In any case, I speculate that this is the beginning of the blockchain wars hehehe.

I like the Blockchain wars 
It's always been there but probably not to the extent of attaking and clogging another blockchain.

~
It's a widespread knowledge that scalability can be solved with POS blockchain. Then, this news raises the question that if POS blockchain cannot scale, then how can we solve this scalability problem?

ETH failed, EOS failed,

But Eth isn't POS yet right?

so what's next? Cardano? Cosmos? Or other absurd cryptocurrencies?

Whoever called themselves as the next ethereum killer.

[bbc.reporter]

@Bttzed03. I speculate that spamming attacks on another blockchain will be necessary if holders of the attacking platform's token want their platform to go up in rank on coinmarketcap.com hehehe.

It will also be necessary to spam attack other blockchains to defend their position in ranking.

[mu_enrico]

But Eth isn't POS yet right?

Sorry for the late response. I'm not aware of your response.

Not yet, it should be in January 2020

My point is, the capacity increase shouldn't be that much considering the DLT isn't that different. Even with ETH 2.0 (POS), it would still have the same scalability problem (or worse than EOS). Why? Because it only needs 32 ETH to stake so that the number of validators will be way more than EOS that has only 21 block producers.

More decentralization = slower, well at least this is the current situation (or common knowledge) with DLT.

[Bravext]

This wouldn't be the first and likely wouldn't be the last, it has been proven before by another person who stressed the network for days and even claimed that it didn't cost him much EOS to do it so I hardly think it's something that was done by EOS competition just to make a point, yes the airdrop might just be to make a point about scalability but lately even EOS developers has not been bragging about the scalability if the network because it has been proven in the recent past that it's false.

[Red-Apple]

However, who would create the attack? Developers from another platform? Holders of Ethereum? In any case, I speculate that this is the beginning of the blockchain wars hehehe.

an interesting thought for sure but i don't think this is the case. usually every altcoin is competing with bitcoin. they even spam attacked bitcoin during 2017 though multiple campaigns that were mainly funded by these altcoins such as ethereum, ripple and dash as their biggest contributors.
there isn't that much competition between altcoins! they are all pump and dumps that get their own moment in the sun when the pumpers decide to pump them.

[bbc.reporter]

Agreed to the person in the quote hehehe. Why not use the much more scalable and faster blockchains of Tron and EOS?

However, this person might not have thought that all those scam projects were developed on Ethereum to slow it down hehehe. The blockchain wars.



REQUEST FOR ALL SCAM PROJECTS TO STOP CLOGGING ETHEREUM AND MIGRATE TO EOS OR TRON

Source https://twitter.com/rewkang/status/1268490841254842368