Community Observation: 2019.11.06

SimpleChain
Nov 6 · 2 min read

EIDOS Crippling EOS Network

Community Observation publishes insightful opinions and interesting thoughts collected from the SimpleChain community. If you have any thoughts/opinions about blockchain/crypto that you’d like to share, feel free to contact us through our Telegram group.

By GEB

The recent traffic jam on EOS caused by EIDOS has shed some new lights on the TPS issue of public chains.

EIDOS released an airdrop. By sending a certain amount of EOS to the EIDOS contract, you can receive the same amount of EOS plus a certain amount of EIDOS. An influx of transactions (around 9 million transactions in 24 hours) have led to a shortage of CPU resources. A lot of other users and Dapps have failed to use the EOS network.

In attempts to improve TPS, we have tried parallel transactions, new consensus, or adjusting parameters. However, sometimes we overlooked the fact that some economic/ecosystem models might limit the increase of TPS. Also, a more and more complicated ecosystem will raise the threshold for average users. For example, compared to Ethereum, EOS has a higher threshold for average users.

About SimpleChain

The mission of SimpleChain is to simplify the blockchain for business.

SimpleChain is a PoW main chain with flexible sub-chains. Different sub-chains can adopt different kinds of consensus and block data structure as needed, to enable a variety of applications and use cases on blockchain. Sharding is also implemented to improve performance. This double-layered structure of one main chain and multiple sub-chains can fuel various applications while ensuring the consistency of the network.

Built on VeraxChain, SimpleChain’s first sub-chain, Baoquan.com provides record keeping services which serves to keep records of online data and authenticate electronic evidence. In June 2018, Hangzhou Internet Court of China judged a case of copyright dispute based on data stored on Baoquan.com. For the first time in China, the legal effect of the electronic data stored on blockchain is recognized in the judicial system. (News link: https://www.coindesk.com/blockchain-can-legally-authenticate-evidence-chinese-judge-rules)

Find SimpleChain at:

— -Overview — -

Website: www.simplechain.com
Whitepaper: www.simplechain.com/ims/chain/download?spm=1922.1381.010729.122&language=english
Github: www.github.com/simplechain-org
Blockchain Explorer: www.explorer.simplechain.com/

— Community — -
Twitter: www.twitter.com/SimpleChain
Telegram: www.t.me/SimpleChainEN
Medium: www.medium.com/SimpleChain
Reddit: www.reddit.com/r/SimpleChain
Facebook: www.facebook.com/SimpleChainOfficial

— -SIPC Mining & Trading — -
Wallet-Chainbox (Chinese only at the moment): download available at www.simplechain.com

Mining Client-SimpleNode (English & Chinese, can also act as a wallet): download available at www.simplechain.com

Mining Pools
1. SimPool (Chinese only): www.simpool.vip
2. MATPool (Chinese only): www.matpool.io/
3. DXPool (English & Chinese): www.dxpool.com/
Mining Guide with DXPool: https://www.dxpool.com/help/en/sipc-mining-tutorial

Mining Machine: SimpleNode X1 USB mining machine: 2M hashrate, 5W power use. Please contact @Laurenxy on Telegram if interested.

Trading

SIPC/CNT: www.zt.com

SIPC/USDT: www.bitsoda.com

SimpleChain

SimpleChain is a compatible and practical solution for various distributed applications with double layered design.

SimpleChain

Written by

SimpleChain

SimpleChain is a compatible and practical solution for various distributed applications with double layered design.

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