The very popular blockchain behind EOS has recently resumed its operations after the freeze which happened during the weekend. As the EOS network monitor showed, the pause that occurred on June 16th has been due to technical issues.
Currently, EOS block producers (which are the equivalent of miners on the Bitcoin blockchain) – are producing EOS. Even though many sources (including us) reported that there was an issue with the EOS Mainnet which prevented normal operations of the blockchain, the blockchain went live just under a week after candidates to become EOS BPs voted to go live on Saturday, June 9th.
There is even a Telegram channel that is dedicated to tracking the status of the EOS Mainnet. According to this channel, the Block Producers (BPs) and “many Standby Nodes” had a conference call in which they detected and fixed the issue. Four hours later, the EOS Mainnet was live – and reported on the channel.
The creator of Dogecoin, Jackson Palmer, tweeted that the situation was “making it hard not to be critical” towards EOS and the community that supports it.
https://www.twitter.com/ummjackson/status/1008034252200407040
All in all, it is safe to say that EOS completed its year-long Initial Coin Offering (ICO) raising $4 billion which has made it the world’s largest ICO to date. On the crypto market, EOS ranks as 5th with a market cap that is close to $10 billion.
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