RATE Group | Ethereum Gas Price Squeezed By ‘Ponzi Game’ Clone
38827
wp-singular,post-template-default,single,single-post,postid-38827,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Ethereum Gas Price Squeezed By ‘Ponzi Game’ Clone

15 Aug Ethereum Gas Price Squeezed By ‘Ponzi Game’ Clone

Posted at 00:04h in Ethereum News by

[ad_1]


Ethereum Gas

ICO News
14th Aug 2018 17.10 GMT

It has been claimed that a smart contact linked to a clone of the FOMO3D game is the reason for the recent clogging up of the Ethereum network. Transactions involving the game’s underlying contract have caused Ethereum Gas prices to rise as much as 140% over the last week, according to analysis done by Amberdata, a blockchain analytics platform.

FOMO3D itself is game developed by an anonymous group called Team JUST as a parody of what it believes the crypto market has become.

The game invites participants to buy access to Ethereum keys to win all the Ether governed by the smart contact. The last person to buy a key before a timer counts down to zero wins the contents of the smart contract – the catch being that every time a key is purchased, 30 seconds is added to the timer.

The Mysterious Clone

The FOMO3D contract currently contains 21,775 ETH, with the timer hovering at…

[ad_2]

Source link