RATE Group | Ethereum (ETH) Network Spammed Continuously with Expensive Transactions
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Ethereum (ETH) Network Spammed Continuously with Expensive Transactions

09 Aug Ethereum (ETH) Network Spammed Continuously with Expensive Transactions

Posted at 03:37h in Ethereum News by

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Starting on Tuesday and accelerating, one account moving around ETH keeps paying for circular transactions.

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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:

https://twitter.com/CryptoKitties/status/1026913071380328448

Hypotheses surrounding the seemingly meaningless transactions have included someone deliberately paying to congest the network,…

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