Coinbase reported the congestion of the EOS blockchain by the EIDOS token airdrop on November 9. The report stated the challenges the firm faced to process the transactions of customers because of EOS network congestion that came from the EIDOS token airdrop. Nevertheless, Coinbase was able to solve the problem through an increase in the quantity of staked CPU. This was able to secure an adequate part of the CPU time remaining on the network in processing its transactions.

The problem led to an increment (by more than 100,000%) in the price (almost 7.69 EOS/millisecond) of the network’s CPU time within 4 hours. Coinbase said that the launching of the token known as EIDOS happened on October 31, and its airdrop has to do with sending transactions on the network from the smart contract of the token. After the launch, listings on exchanges started to include EIDOS/USDT pairs on November 1, thereby allowing individuals who obtained the tokens to sell them for the stablecoin.

Users had to lease the CPU time of the network to sell the tokens. The leasing led to an increasing amount of transfers processed by the blockchain, thereby causing the EOS network to reach congestion mode and limiting the number of transactions for broadcast to pro-rata share of aggregate staked CPU resources on the blockchain.

However, some users who have a comparably low quantity of staked CPU resources cannot send transactions now. Coinbase maintained that it is just a temporary situation. The firm hopes that the normal state of the network will be restored soon because there is no more profit in collecting the tokens or the CPU leases expire after 30 days, and the lenders do not renew the lease. The exchange also noted that the EOS protocol is working normally.

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