The congestion of Ethereum by an FOMO lottery game has been reset, but a tear gas is taking gas.
The Ethereum network has seen progressively lessen the activity of the smart contract belonging to the Lastwinner lottery game. At the moment, the FOMO lottery occupies only 2.76% of gas.
In its place, the One Metric That Matters token (OMTM) has absorbed up to 20.03% of the bandwidth, but the explanation is clear: the project is performing an airdrop. OMTM is a token belonging to a Chinese project.
The OMTM project promises almost everything that the biggest and best known projects have so far struggled to achieve. It would allow anyone to create distributed apps and smart contracts, as well as side chain applications. For this project, the explanation of what exactly OMTM would do is full of order words, also promising to include the Internet of Things and data technology:
"OMTM takes data as the core, makes [sic] l & # 39; use of the Internet technology of Things, Artificial Intelligence, Big Data and so on, promotes the intercommunication of various fields, achieves a more efficient integration of resources. "
However, the & # 39; airdrop OMTM is relatively harmless and has not increased gas rates, as previously had the Lastwinner game. Gas prices have normalized and transaction fees have fallen to $ 0.02 from over $ 0.50 at the maximum of congestion.
As far as gaming is concerned, your website is no longer accessible. Within the main address, there is the equivalent of $ 8 million, or 27.451 ETH. There is no indication of a scam at the exit, or the owners of the game have decided to keep the ETH radius inside this address.
The Ethereum network presents downsizing solutions that will come in the future, but for now the gas economy creates situations in which users have to overpay for transactions, to be sure they would arrive. A low rate during congestion means that the transaction falls and the commission is lost. The Ethereum network carries around 681,000 transactions a day, based on Blocktivity data. The high count is due to symbolic and intelligent contracts transactions.
The market price of Ethereum remains depressed, returning to last summer's levels. ETH dropped to $ 320.62, during the last phase of the bull market that led to a greater dominance for Bitcoin and deep losses for most overcoins.