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EOS Congested, Will dApps Start Migrating to Tron or Other Blockchains?

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  • Yuri Molchan
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    EarnBet dApp promises to leave EOS in a month unless EOS solves the problem with its intense congestion and the EIDOS dapp that is causing it

EOS Congested, Will dApps Start Migrating to Tron or Other Blockchains?
Cover image via www.123rf.com
Contents

The EOS blockchain has been having trouble for almost a month now due to the EIDOS dApp. Since November 1, EIDOS has been overloading the EOS mainnet, similar to the case of CryptoKitties on Ethereum.

What used to be free transactions on EOS has now turned into a minimum 100-EOS stake necessary to perform operations.

EarnBet dApp has asked EOS Block Producers (BP) to solve the problem or the dApp will be the first to leave in 30 days.

EIDOS blocks EOS chain

EOS users have been having difficulties since early November due to great congestion of the network preventing it from working properly. The reason is the EIDOS dApp that has issued a Waste token on EOS.


"EIDOS token’s current utility is NOTHING but motivating users to WASTE the EOS Mainnet’s CPU."

The EarnBet team in its Medium blog describes the situation as follows:

“The EOS mainnet is in a sad state. With intense network congestion and spam, users are unable to access their EOS accounts. Currently, the network requires around 30 EOS staked to an account in order to perform a single transaction each day.”

The author of the article then points out that what once was proclaimed to be ‘free transactions’ is now gone and the transaction fees currently are sometimes higher than those on the Bitcoin chain. The article further says that now users have to stake more than 100 EOS to conduct any transactions.

It seems that the only way to make transactions on EOS at the moment is to buy resources through the system contract dubbed REX. However, the article points out, the system has been in the ‘shutdown mode’ and users cannot take their EOS back or take more REX loans.

“What started as “zero transaction fees” turned into the most convoluted and confusing transaction fee model in the history of blockchain.”

EarnBet dApp determined to leave

The betting dApp EarnBet that allows users to make sports bets via staking crypto (EOS, BTC, LTC, etc) now cannot afford to transact on the EOS network. They request that EOS Block Producers start governing the network properly (most certainly meaning ‘get rid of EIDOS and prevent similar cases in the future’) or they will leave in 30 days.

Is Tron a way out for EarnBet?

Last year, Tron entered the global gaming industry. A popular Ethereum-based game EtherGoo migrated to Tron and rebranded as TronGoo.

Tron also teamed with 0xGames to launch their 0xWarriors gaming dApp on its blockchain.

Now, a prominent supporter of Tron, the CCO of BeatzCoin, Misha Lederman suggests that Tron may be a good option for EarnBet to use in the current situation. Tron also has numerous dApps that work in the sphere of sports betting.

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About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls

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  • Alex Dovbnya
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    The Bitcoin price could soon touch $7,800 if bulls persist, but this move could be a short-lived one

Bitcoin Price Predicted to "Rocket Up." $7,400 Level Reclaimed by Bulls
Cover image via u.today

Popular crypto trader Wendy O recently predicted that the price of Bitcoin would "rocket up" if it managed to surge above the $7,400 level. 

Bitcoin Price
image by @CryptoWendyO

Shortly after that, the BTC price did rise above the aforementioned level, currently sitting at $7,444, according to CoinStats data

Bitcoin Price
image by coinstats.app

If the aforementioned forecast turns out to be accurate, Bitcoin traders could soon see another fakeout, which would be similar to the one that took place on Dec. 4. As reported by U.Today, BTC printed a massive green candle in less than a minute, but this unexpected pump quickly evaporated.     

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Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Tim Draper Says His $250,000 Bitcoin Price Prediction Is Not Based on Halvening

Earlier today, multiple traders predicted that Bitcoin was about to make a big move in either direction, but $7,800 seems to be the main area of interest for them. The leading cryptocurrency hasn't touch this level since Nov. 30. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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