EOS Blockchain Back Up and Running Again After Yesterday’s ‘Pause’

June 17, 2018
47 Views

The EOS Mainnet is back up again, after facing technical issues and “pausing” on June 16.

The recently launched EOS blockchain has resumed operations today, June 17, after “pausing” due to technical issues on June 16, according to the EOS network monitor.

The EOS network monitor is currently showing that EOS block producers (BPs) – the equivalent of miners on the Bitcoin blockchain – are “producing right now.”

Yesterday, multiple sources reported an issue with the EOS Mainnet, or blockchain, that led to network operations “freezing” less than 48 hours after officially going live. The blockchain went live just under a week after candidates to become EOS BPs voted to go live on Saturday, June 9.

A Telegram channel of dedicated to tracking the status of EOS’s Mainnet reported yesterday that following the pause, Block Producers and “many Standby Nodes” had a conference call to detect and fix the issue. Around four hours later the Telegram channel reported that the Mainnet was live.

Regarding Saturday’s “pause,” Dogecoin creator and crypto commentator Jackson Palmer tweeted that the situation was “making it hard not to be critical” of the well-funded EOS protocol and the community that supports it.

On June 1, EOS completed its year-long Initial Coin Offering (ICO), raising an estimated $4 billion to become the world’s largest ICO to date. EOS is currently the 5th largest cryptocurrency, with a market cap $9.4 billion, according to CoinMarketCap. The coin is trading at $10.53, up just shy of 0.5 percent over the past 24 hours to press time.

You may be interested

3 Reasons Privacy Coins Are Unlikely to Overtake Bitcoin
Bitcoin
3 views
Bitcoin
3 views

3 Reasons Privacy Coins Are Unlikely to Overtake Bitcoin

btcethereumadmin - November 20, 2018

When people give reasons for various altcoins’ inability to overtake bitcoin as the dominant digital asset in the world, the…

Crypto Payments Processor BitPay to Support Paxos Stablecoin
Crypto News
Crypto News

Crypto Payments Processor BitPay to Support Paxos Stablecoin

btcethereumadmin - November 20, 2018

Crypto startup Paxos is partnering with payments firm BitPay to allow the latter’s merchants utilize the Paxos Standard stablecoin in…

ICE’s Bakkt Delays Bitcoin Futures Launch
Crypto News
Crypto News

ICE’s Bakkt Delays Bitcoin Futures Launch

btcethereumadmin - November 20, 2018

Intercontinental Exchange’s bitcoin futures trading platform is delaying its formal launch. Announced Tuesday via a company blog post, Bakkt’s first…

Leave a Comment

Your email address will not be published.