EOS achieves TPS record – stress test or attack?

The still young EOS-Mainnet set a new record on 15 July with 1275 transactions per second. Now voices are being heard that there is an attack on the ETH network behind it.

Since 15 July, the EOS Network Monitor has had a new record: 1,275 transactions per second (TPS) form the previous record of the ‘decentralised’ operating system, whose Mainnet was launched in the first week of June. Currently, the level is between zero and 3 TPS again, with the exception of a few outliers who scratched the 500 TPS mark. The 24-hour interval at which the record was reached recorded a total of 500,000 transactions – an average of around 5.8 TPS. The Ethereum Space is now discussing whether the 1,275 TPS second could be an orchestrated action by the EOS team. A dApp developer suspects a connection between the EOS Sprint and the virulent blockage of the ETH network since 15 July, which catapulted the transaction costs to almost 0.8 US dollars. On Twitter, PowH3d designer Justo claimed that it was “really funny to outdo your competitors with money from crowdfunding to prove that you have the better product”.

The same had already happened before the Mainnet was launched on the news spy

“I myself and many other high-profile developers of Ethereum applications predicted that EOS would most likely try to attack the news spy network’s gas prices to validate the launch of their platform. Every day until the launch of the EOS platform on 6 June, gas prices rose due to “Airdrop tokens”, Justo told https://www.onlinebetrug.net/en/the-news-spy/ – and added: “If you don’t think it was EOS, who has two million US dollars a day to attack Ethereum and also has EOS tokens?

Vitalik Buterin estimates damage at USD 15 million

Justo’s accusations should be treated with caution. The project PoWH3D is a self-proclaimed snowball system including its own “Shill Kit”, which screams “Attention, satire! The same applies to the new project FOMO3D, which advertises with the slogan “Your personal exit scam”.

Welcome to blockchain development. Your ICO is over, hype is drying up. Take the private keys, drain everything.

The evidence that there is malicious intent on the part of EOS behind spam is still relatively thin. An analysis of the block in which the 1,275 TPS were reached shows that the spam was not as high as the 1,275 TPS: Almost all transactions were carried out by an account called ‘Blocktweet’.

Speculation as to whether it was a stress test or a malicious spam attack continues. In any case, it is the ETH network that suffers the most. Ethereum founder Vitalik Buterin estimates the damage at 15 million US dollars. The principle of a free market economy forbids him to get excessively excited, yet he is still amazed by the action, which was a spam attack for him.