Less than 48 hours after going live, the EOS Mainnet has “paused,” according to multiple reports on Twitter and a Steemit post by the top 21 EOS block producers (BPs), June 16.
While the BPs and “many standby nodes” scramble “to identify and fix the issue,” transactions appear to be ”frozen” on the EOS Mainnet.
The cause of the freeze in transactions is still unclear, with the EOS Mainnet Status Update on Steemit claiming to be addressing the issue.
EOSUK, one of EOS’ BP candidates, reports that the EOS network monitor currently shows multiple BPs displayed as “red,” meaning that their application programming interfaces (APIs) are not responding.
EOS is currently the highest-funded initial coin offering (ICO) ever, raking in an estimated $4 billion before its launch.
Summary EOS gains 34% in bullish run TRX gains 10 % in last 24 hours XLM gains 13% in the last 24 hours EOS/USD The price of EOS has rallied in the last 24 hours gaining over 34% to reach a new high of 3.
After just two days of launching its Mainnet, the EOS blockchain has ground to a halt. According to a Steemit post by the top 21 EOS block producers (BPs), the EOS network suddenly paused at 10:01 UTC on June 16, 2018.
Overly, sellers did spring back to action and completely reversing June 14 gains in some coins as IOTA. However, in the midst of all sells, Stellar Lumens is resilient losing three percent. On the other hand, IOTA reversed 100 percent of their 24 hours gains with lows testing minor support at $1.
Like the rest of the cryptocurrency market, EOS has suffered a horrendous week in terms of vale. Although the crypto giant may only be down 1. 19% over the past 24 hours, the crypto is down 26. 63% over the past 7 trading days and 29.
The crypto markets is down $30 billion in the last 24 hours alone with Litecoin registering new 2018 lows. While this is happening, IOTA is likely to drop below $1 as EOS, Stellar and Tron grapple with sell pressure.
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