EOS platform is known for serving as a hosting platform for various dApps and smart contracts. The platform is facing severe congestion in maintains the flow of transactions due to the EIDOS dapp.
Since November 1st the issue of congestion has intensified as the EIDOS dapp has blocked the entire network by taking up most of the transaction processing. The network which was known for its seamless flow of transaction requires a minimum of 100 EOS at stake to perform a simple operation. The congestion issue is quite similar to that of Ethereum network where Cryptokitty gaming dapp created quite a similar issue.
In light of increasing conversion, some of the dapps are thinking about migrating from the platform unless the platform find an immediate solution. EarnBet dApp is among the first ones to make the demand and has asked EOS Block Producers (BP) to find a solution in 30 days. Their official tweet addressing the issue read,
“The current 21+ #EOS block producers need to begin governing with the best interests of the blockchain in mind. If these block producers are unable to institute a comprehensive fix in 30 days, we will be leaving the $EOS network.”
"The current 21+ #EOS block producers need to begin governing with the best interests of the blockchain in mind. If these block producers are unable to institute a comprehensive fix in 30 days, we will be leaving the $EOS network." – @EarnBetCasino https://t.co/ODBkyxSU0i
— EOS New York (@eosnewyork) November 25, 2019
EOS was once seen as an Ethereum competitor where it promised faster transactions at no cost, but a malfunction created by a single dApp has brought the network to a sad halt. The issue could have been resolved and still can be resolved since EIDOS dApp does not really serve any purpose on the platform and losing other dapps because of that would be a big mistake.
The EarnBet team called the current state of network as “sad” and wrote a medium post about the declining EOS ecosystem. The blog post read,
“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 congestion on the platform is so bad that users cannot access their accounts at the moment and what was proclaimed to be zero fee network currently cost around 100 EOS to initiate any kind of operations.