The EOS network is making news again, and this time, it’s about its great processing power. According to a tweet sent out by Daniel Larimer, EOS smart contracts have significantly increased to a whopping 70 million actions as logged by the system.
Daniel is the CTO (Chief Technical Officer) at Block.one which is the company behind the initial development of the EOS network. EOS is currently one of the largest and most effective platforms facilitating the development and deployment of dApps (Decentralized Applications).
Daniel has also been involved in the development of other systems like Steemit, a social media network running on the blockchain, and BitShares, a DEX service. In his tweet, Daniel added that as per the given figures, EOS was logging over 810 actions every second.
EOS Go Confirms
Interestingly, EOS GO, which is a fairly independent information source focused on EOS, confirmed that indeed the network’s processing power has increased, although it capped the figures at around 87 million actions as opposed to Daniel’s 70 million actions. EOS GO went ahead to post a link confirming its findings.
According to this data, EOS is logging over 1,000 actions per second, with pornhasbaby and eosio.token being the two most used smart contracts to run the logged transactions.
Data From Blocktivity: Right Or Wrong?
However, according to data reported by Blocktivity, the above-given figures may be overstated. Blocktivity is a website dedicated to tracking blockchain activity. In that sense, Blocktivity reports that over the past one week, EOS has recorded a daily average of around 21 million actions/operations.
On the other hand, EOS’s competitor, Tron, has recorded an average of about 1.4 million daily actions on its network. However, the authenticity of this data is yet to be confirmed.
Still, EOS developers seem determined to keep coming up with new and better upgrades and additions to the system. Besides the increase in the network’s processing power, the team has also come up with a REX (Resource Exchange) that has its own native token.
However, the token is non-tradable outside the network and can only be used by network users to rent Network resources and CPU power from other users within the EOS network.