A Mysterious Airdrop Called EIDOS Is Clogging EOS to Make a Point

Published on by Coindesk | Published on

Mentioned in this article
EOS has been clogged up by a giant airdrop for a token called EIDOS - and it's not clear the token is even good for anything.

You either give your EOS CPU to freeloaders or you convert your CPU to EIDOS. The choice is yours.

This has caused EOS to go into congestion mode, which Coinbase described on its blog as limiting "The amount of transactions a user can broadcast to their pro-rata share of total staked CPU resources on the EOS network."

In other words, EOS usually provides a little give when it has excess capacity, but that's all been maxed out due to the demand spurred by the EIDOS smart contract.

In the simplest terms, users are "Mining" for new eidos tokens by moving eos back and forth on the network.

To get eidos, users send tiny amounts of eos to the smart contract.

By giving people profit motive to do more actions rather than spend more money, EIDOS seems to have been designed to test the capacity of EOS itself.

In order to do anything on EOS a user needs to stake a proportional amount of eos tokens, either to make computations, move data or store information.

Users of EOS have become accustomed to making free use of unused computing power on the world's seventh most valuable blockchain, but the gravy train has been shut down by the EIDOS token.

As Boutkila explained, that means that it could cost eos to rent the same amount of computing capacity a user would get for just buying one eos.

x