The Ethereum network was recently hit with a spam attack. With the network flooded, transaction fees rose dramatically and ordinary ‘legitimate’ transactions were badly delayed.

Dapp creator Justo believes he has traced these attacks back to EOS. They took the form of large volumes of spam airdropped tokens, right up to the point that EOS launched – at which point they abruptly stopped. Justo’s team’s research led him to this conclusion, pinpointed accounts linked to EOS that had issued spam airdrops.

‘Every day up until the launch of the EOS platform, which was June 6th, gas prices increased due to “Airdrop” tokens. Thousands of random tokens, with no website, or bootstrapped template websites made in hours. Wasting hundreds of ethereum daily, hundreds of thousands of dollars to drop tokens. This happened up until the launch of EOS, on the 6th, then immediately stopped. In one day, gas prices dropped back to normal,’ he said, adding that it happens ‘every time something they do doesn’t run properly… If you don’t think EOS is doing it, then who has 2 million dollars a day to attack ethereum and also owns eos tokens?’

Dan Larimer of Block One, the organisation behind EOS, issued a rebuttal. ‘I can assure you block one wouldn’t be so stupid to spend our resources attacking eth when all it takes is crypto kitties. There are far smarter and more cost-effective ways at bringing eth down if that were the goal.’

Whoever is behind the attack, it betrays a wider issue. The blockchain needs to be economically sustainable as well as spam free. If a single attacker can bring it down, it’s centralised – there’s a single point of failure. Right now, it shows that open blockchains aren’t ready for mainstream use: they’re too easy to disrupt, and no major financial business is going to risk losing money and reputation as a result.

See more at https://bcfocus.com/altcoin/did-eos-attack-ethereum-blockchain-dan-larimer-responds/18373/

Red hot news, scorching wit and searing opinion pieces from Crypto Inferno.

Join us on

Telegram: https://t.me/crypto_inferno

Reddit: https://www.reddit.com/r/CryptoInferno/

Twitter: https://twitter.com/CryptoInferno_

Facebook: https://www.facebook.com/CryptoInfern!