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Home Bitcoin

Block Producer to Critics: EOS Daily Activities Above BTC, ETH, TRX, STEEM Combined

by Khalid Lawal
November 12, 2019
in Bitcoin, Cryptocurrency, General News
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The congestion problem on the EOS blockchain over the week has been the talk of the town as some users who have their resource stacked on the network claimed the project is not usable. Daniel Larimer, the CTO of Block.one, the company behind EOS, subsequently gave users a response on Twitter, clarifying that the network has the ability to perform more transactions than any other network in the industry.

The reminder seems insufficient, and a block producer on the network waded on the issue on Twitter, dropping a heavy reply for critics.

Known as EOS New York, the block producer, while replying, quoted a statement that says “Look! EOS is congested and not working!” EOS New York gave a somewhat superior response compared to that of Larimer’s.

The block producer illustrated that EOS is not to be compared with most blockchain networks, highlighting TRX, ETH and BTC, amongst others as examples.

EOS New York said the average daily activity performed on the EOS network is higher than that of BTC, ETH, TRX and STEEM combined.

“$EOS has more activity on an average day than the combined record highs of $BTC, $ETH, $TRX, & $STEEM, and with room to spare,” EOS New York said.

The block producer said in spite of the excellent height attained by EOS, the blockchain network is still making room for more improvements. EOS New York furthered that greater efficiency is underway for the EOS virtual machine, and this, he claimed, would help the network to grow its resource further.

“This isn’t to say there isn’t room for improvement. Massive efficiencies are coming with EOS VM that will make a single EOS go farther with regard to network resources. It’s a continuous evolution and bumps in the road are ok. They reveal places for improvement.”

Earlier, CTO Daniel Larimer, when asked about the sustainability of the network, said an artificial limit that curtails the number of transactions exists on the blockchain network.

Hardly say it’s sustaining it? Rex is empty.

— costanzachain (@moneyboyschnpl) November 5, 2019

Tags: EOSEOS news
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