Ethereum (ETH) Network Spammed Continuously with Expensive Transactions
Cryptovest
Published Aug 08, 2018 07:38AM ET
Updated Aug 08, 2018 08:40AM ET
Ethereum (ETH) Network Spammed Continuously with Expensive Transactions
For the second day in a row, unexplained activity is clogging up the Ethereum network , this time raising transaction fees 47 times since August 7. The smart contract, which users have identified as possibly linked to a copy of a game, has consumed more than 36.4% of gas, enough to cause congestion and raise transaction fees across the board. Fees for regular transactions have risen above $1, which is seen as relatively high by Ethereum standards.
Later, the gas usage kept rising to 36.87%, leading to exorbitant prices for the fastest transactions, and expensive even for slow transactions. CryptoKitties immediately served as the canary in the mine, increasing in-game fees to pay for gas:
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