RATE Group | MOS Lottery Token Takes Over Ethereum Blockchain, Sparks Fears of Congestion
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MOS Lottery Token Takes Over Ethereum Blockchain, Sparks Fears of Congestion

03 Aug MOS Lottery Token Takes Over Ethereum Blockchain, Sparks Fears of Congestion

Posted at 13:21h in Ethereum News by

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Active distribution of a token belonging to a lottery service has taken the top position as biggest Ethereum gas burner.

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A smart contract belonging to an Ethereum-based lottery and betting mechanism has taken over the Ethereum gas station on Friday. The sudden activity has attracted interest, as in recent days some of the ERC-20 token transactions looked like unexplained spam. This time, however, the transactions are within the normal range of speed, and gas prices have in fact been lowered, to 3.1 GWei from 9 GWei, for the fastest transactions.

On days of more significant congestion, a single smart contract could consume up to 40% of gas on the Ethereum network. For some tokens and smart contracts, there has been no explanation except an intentional spam of the network. The community is still very wary about possible spam attacks and the ease of freezing legitimate transactions:

https://twitter.com/OneStrongCrypto/status/1025030969311604737

MOSCoin, or MOS, is also undergoing…

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