The recently launched EOS[1] blockchain has resumed operations today, June 17, after “pausing” due to technical issues on June 16, according to the EOS network monitor[2].
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[3] an issue with the EOS Mainnet, or blockchain, that led to network operations “freezing” less than 48 hours after officially going live[4]. The blockchain went live just under a week after candidates to become EOS BPs voted[5] to go live on Saturday, June 9.
A Telegram[6] channel of dedicated to tracking the status of EOS’s Mainnet reported[7] 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[8] that the Mainnet was live.
Regarding Saturday’s “pause,” Dogecoin[9] creator and crypto commentator Jackson Palmer tweeted[10] that the situation was “making it hard not to be critical” of the well-funded EOS protocol and the community that supports it.
So the #EOS[11] blockchain was taken offline for 5 hours just days after launch due to a bug - until a centralized company (https://t.co/wD6EA0fSC5[12]) issued a patch to block producers.
...and this software had $4B in funding. Making it hard to not be critical folks 🤔 https://t.co/Z93qpkbxcS[13]
— Jackson Palmer (@ummjackson)
On June 1, EOS completed its year-long Initial Coin Offering[15] (ICO), raising an estimated $4 billion to become the world’s largest
