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

June 17, 2018
77 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

Interview With Crypto ‘Optimist’ Brian Kelly: Bitcoin Is Still 50 Percent Undervalued
Bitcoin
32 views
Bitcoin
32 views

Interview With Crypto ‘Optimist’ Brian Kelly: Bitcoin Is Still 50 Percent Undervalued

btcethereumadmin - February 17, 2019

CNBC’s Brian Kelly outlook on crypto in 2019, Bitcoin ETF in 2020, and inevitable recession. This interview has been edited…

How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’
Crypto News
21 views
Crypto News
21 views

How the Marshall Islands Envisions Its National Digital Currency Dubbed ‘Sovereign’

btcethereumadmin - February 17, 2019

The SOV team revealed that it had made “significant progress in finding partners, investors, and developers” to realize the project,…

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market
Crypto News
22 views
Crypto News
22 views

SEC Starts Review of NYSE Arca’s Bitcoin ETF Rule Change ProposalErisX to CFTC: Regulated ETH Futures Would Result in More Robust, Liquid Market

btcethereumadmin - February 17, 2019

The U.S. Securities and Exchange Commission started reviewing a rule change proposal for NYSE Arca’s Bitwise Bitcoin ETF Trust.Chicago-based crypto…

Leave a Comment

Your email address will not be published.