EOS Network Is Running on Borrowed Resources After EIDOS Airdrop
Even if the EOS Network concentrates on distributing the new digital coin EIDOS, the platform is riddled with challenges. According to research done by the crypto exchange platform Coinbase, the platform is operating on borrowed resources.
Coinbase team reveals that the EOS Network temporarily ceased operations between November 1 and November 8. However, the operations have now resumed but most of its activity runs on lending resources. While most transactions still support the EIDOS simulated airdrop, only big accounts with loads of EOS at stake can purchase CPU resources to help them operate their distributed apps.
A section of the statement from the Coinbase team reads:
“Currently, we’re observing around 95% of all EOS transfer actions are related to the EIDOS contract. Because each transfer counts towards the amount of CPU used in a block, this spike in transfer actions caused the EOS network to enter congestion mode.”
The EIDOS coin is already widely traded on various exchanges, offering an opportunity for generating almost guaranteed income from sales.