A smart contract belonging to an Ethereum-based lottery and betting mechanism has taken over the Ethereum gas station on Friday. The sudden activity has attracted interest, as in recent days some of the ERC-20 token transactions looked like unexplained spam. This time, however, the transactions are within the normal range of speed, and gas prices have in fact been lowered, to 3.1 GWei from 9 GWei, for the fastest transactions.
On days of more significant congestion, a single smart contract could consume up to 40% of gas on the Ethereum network. For some tokens and smart contracts, there has been no explanation except an intentional spam of the network. The community is still very wary about possible spam attacks and the ease of freezing legitimate transactions:
This article appeared first on Cryptovest
