#spamattack

NIIIIIIIGHT IIIIIIIN THE WWWWOOOOOOOOOOOOOOOOODS!!!!!

screenshot redraw. I tried filming me draw it, but I’m testing out this new program, and I don’t thing it worked right... l

Ethereum might be the preferred choice for blockchain developers but it’s far from being trouble-free. The network has its scalability issues, which have made its notorious reputation. Someone has recently decided to throw a little spam attack on Ethereum, successfully clogging the network. In fact, a single address sends and receives all of the transactions, consuming almost 25% of the gas. The peak of the attack was in the early hours of August 7. Later the number of transactions started to slightly decrease. Though the Ethereum network has experienced congestions in the past, they have been of completely organic origin – airdrops and other project-related transactions. In contrast, the current case looks like a pure spam – the comments on Etherscan suggest spam attack as well. A user named EtherGuy wrote: “What is this? It's spamming the entire network. Looks like a PlayerBook clone, but makes no sense, it's registering weird names.” Another use analyzed the wallet addresses and discovered they are all funded with tokens to pay for the transactions. PoWH3D replied: “I linked a whole bunch of addresses but i guess the etherscan chat mods didn't like that. Its a botted ring wallet system with nearly 150,000 to 200,000 ethereum in it. The bots translate random addresses to other random addresses and random amounts of eth to make them difficult to spot on block history. I don't have the tools to tell you where it came from.” The last 24 hours saw an increased number of transactions but they still remain below 700,000. The prices of fast transactions have slightly surged to $0.017 though if you ask for one the cost could be higher. Simple mathematics show that the attack might be a pricey one - $20,000. Interestingly, the number of users who actively utilize Ethereum for smart contracts as WhalePanda reported on Twitter: “The most underrated $ETH site is @DappRadar. It shows all the dapp stats that $ETH and dapp developers don't want you to see. Augur had a whopping 54 users in the last 24 hours.” Another Twitter user points out that Ethereum alternatives aren’t performing better either: EOS Hype: Insane transaction rate. Real worlds applications on the blockchain. Ethereum Killer! Reality: Goverance turmoil. Greed. Centralization. Account banning. No applications but token spam. #EOS #Crypto     Read the full article

Someone tried to clog the NEO network by sending hundreds of thousands of free transactions over and over again. The attack took place last Friday but it wasn’t until Monday that the startup officially approached the problem. Apart from the network congestion, the blockchain-powered exchange Switcheo was affected as well as NEON Wallet and Effect Force platform. In a blog post from July 29, 2018, NEO explained: “The NEO blockchain recently experienced network congestion as a result of a spam attack, leaving users struggling to claim GAS or submit their own transactions in a timely manner. The spam appeared in the form of empty invocations, allowing thousands of transactions to be submitted without any actual transfer of funds. It is unknown at this time whether this was caused by a bug in a contract’s code, or was performed with malicious intent”. However, the company assures users that despite the attack their funds are safe. One of the first to alert the community about the spam attack was Effect.AI (EFX). The decentralized artificial intelligence platform is one of the most promising NEO clients. Recently it launched its Effect Force on the top of NEO MainNet. The company took to Twitter to alert NEO users about the problem: “We regret to inform our dedicated Effect Force private beta workers that we are closing the Effect Force platform due to the current major issues with the NEO blockchain. We will keep you posted on the developments.” The director of R&D at NEO Global Development, Peter Lin, published a post on Medium on Saturday giving more inside information: “Recently, the number of transactions on the NEO network has increased significantly. Some of them are meaningless and could be considered as an attack. NEO is designed to be a high performance blockchain system that can handle high transactions per second (TPS) scenarios in event such as this NEO has a parameter called “MaxTransactionsPerBlock” which is set to 500 now. The purpose of this parameter is to protect NEO from an infinite number of transactions flooding the network.” NEO is one of the blockchain projects touted to challenge Ethereum. However, it is far from being a contender so far as Ethereum is still preferred by blockchain developers. In conclusion, the recent event only proves that blockchain is not ready yet for large-scale transaction volumes. Read the full article

KING OF HEARTS

Me to every single one who received a SPAM link from my account. I haven’t logged in here in ages.

wonderful art!

One or two?