Ethereum Network Under Assault: Gas Price Manipulation May Indicate Covert EOS Attack73.26

The Ethereum network is currently under heavy load as gas prices soar due to a flood of transactions. While Ethereum gas prices and transaction load typically fluctuates in accordance with market activity, a dramatic surge in suspicious transaction volume suggests that the Ethereum Network may be the target of a coordinated attack — with experts providing evidence that Ethereum competitor EOS could be to blame.

Over the last week, Ethereum gas prices skyrocketed beyond 80 Gwei, causing Ethereum transaction costs to rise. The astoundingly high gas prices are caused by a series of smart contracts that placed a significant load on the network, delaying transaction confirmation times.

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