Ethereum network overloaded again, strong suspicion of spam

A single account with what looks like a senseless sorting of funds between portfolios is consuming a significant portion of Ethereum's resources.


The Ethereum network is again undergoing what looks like a spam attack. A single address is sending and receiving transactions, consuming 24.85% of the gas, based on data from the Ethereum service station. This was the peak value in the early hours of Tuesday UTC, and later transactions began to gradually decrease their use of gas.

Whereas in the past the increase in activity was connected to flights or other project-related transactions, this time, the use seems like a real spam, which was also reflected in the comments on Etherscan .

"What's this? It's sending spam to the entire network. It looks like a clone of PlayerBook, but it makes no sense, it's recording strange names," wrote the EtherGuy user.

Another user explored the transactions and noticed a repetition scheme of the wallet addresses, loaded with Ethereum to pay taxes:

"This is a ring-based ring wallet system with around 150,000 to 200,000 ethereum in it.The bots translate random addresses into other random addresses and random amounts of eth to make them difficult to spot in block chronology.I do not have the tools to tell you where it comes from, "wrote PoWH3D user.

The Ethereum network has a relatively high level of transactions in the last 24 hours, although it is still under 700,000. The price for fast transactions has been slightly increased, although the safe cost for a transaction remains $ 0.017. However, in the event that someone wants a faster transaction, the fees may be higher.

In the case of a change of around ETHY 150,000, with increases of 0.02 ETH, the estimated cost of today's attack is about $ 20,000. So far, there has been no clue as to who is the entity who has decided to spam the network with gas-intensive transactions.

The use of the Ethereum network for smart contracts and distributed apps remains rather low – as was noted once again on the basis of usage data for dApp.

Even the best-used apps rarely exceed 20% of the use of network gas. Major congestions occurred during token distributions and ICOs.

The overload of Ethereum is not the only network problem in the world of digital resources and blockchains. The EOS blockchain, which was presented as a viable alternative to Ethereum, could also be subject to an intentional overhead of transactions.

For days now, EOS has been at the top of the Blocktivity table, now with over 6 million transactions in 24 hours. For now, there are no statistics on the use of EOS dApp.

The problem of false network loads and transaction counts creates a false impression of activity in cryptographic space, where indeed some projects are barely used. Even payments with Bitcoin remain a niche business. Exchanges also used fake volumes to increase visibility and invite new users.

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