EOS Accused Of Attacking The Ethereum Blockchain
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EOS, the popular decentralization-oriented blockchain may be deliberately attacking the Ethereum network through various dishonest tactics. This is what Justo, a dapp developer from the team behind PoWH3D and Fomo3D, concluded after some serious research and later discussed in an interview covered by TrustNodes.
Justo Shared his ideas on a Reddit Post a few hours ago generating conflicting opinions in the community
According to Justo, his team was able to see that EOS was behind a series of Airdrops of tokens with little or no value at all. This strategy caused the price of GAS needed to process transactions to rise considerably, thus congesting the Ethereum network:
“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.
For Justo, this type of strategy is used whenever an error or a problem occurs in the EOS network. This could promote the migration of users from Ethereum to EOS.
Follow The Tracks
Justo’s conviction that the attacks came from the EOS team is based on how such operations have been so wasily funded
He also explains that he started his investigations following the transactions of several tokens with mysterious airdrops. The example he gives in his post is the ERC20 token under the name “IFishYunYu” which offers no functionality. After digging in deeper, the massive transfers of this token seem intriguing. According to what can be observed in the block explorers, “almost 50 ETH of gas an hour have been steadily used for nearly 24 hours now.”
The creator of the IFishYunYu token minted about 5 billion tokens that were sent to a number of destinations that are “Spamming” the ETH network.