EOS Whales Behind Spam Attack on Ethereum Network, Claims DApp Developer
From Cryptoglobe
The Ethereum network has allegedly been under a spam attack that’s meant to harm its reputation, according to various Reddit users and analysts. Recently, transaction fees surged over 100% as the cryptocurrency’s network was being clogged with transactions.Read more: https://www.cryptoglobe.com/latest/2018/07/os-whales-behind-spam-attack-on-ethereum-network-claims-dapp-developer/DApp creator Justo, from the team that launched two gambling games called PoWH3D and Fomo3D, claims 40% of the Ethereum network was being used by a contract that issued an ERC-20 standard token called “IFishYunYu.” The token, per Justo, has no features, and does nothing.
Despite its uselessness, thousands of alleged spam accounts are transferring massive amounts of these tokens for no apparent reason, with some flowing through the controversial FCoin exchange. Per Justo, the exchange is just a ruse, as the real attacker is EOS.
Speaking to TrustNodes, the dApp developer claims thousands of these tokens have been appearing, presumably in an attempt to launch the attack:
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.
Justo
Dan Larimer has refuted this accusation. While offering no real proof he just brings up the fact that there are far cheaper ways to bring down Ethereum. https://www.reddit.com/r/eos/comments/8z0l2v/dan_larimer_response_about_blaming_eos_for/
So remember to take this report with a grain of salt as nothing has actually been proven and EOS's CTO is denying it. Then again maybe Dan is out of the loop.
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I can imagine this happening just like I can imagine whales manipulating the markets of many cryptos. That is the main thing I think that is keeping these assets from becoming more mainstream.
I don't think that makes much sense, other than the timely coincidence I see no explanation why eos should be behind that, and why they did it during the ico when hype was high anyway?
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So, blockchain wars begin!
Ethereum developers should work on removing the weak spots of their project, whoever did revealed them. The name of the game is: “Can you do it better than the attackers instead of firing random accusations?”
not surprised seeing who they have head up their shill shit on here, not surprised what they are/or do to Steemit either
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