Eos network back up and running following “pause”

June 18, 2018
Chris Wheal

The drama at Eos continued over the weekend as the cryptocurrency operator’s EOS Mainnet froze on Saturday two days after launch.

Eos resumed operations on Sunday, June 17 after “pausing” just 48 hours into launch due to technical issues, voters and users on the Eos Network Monitor were told.

Fanfare launch

Block.one, the company behind the EOSIO blockchain network unveiled its product to great fanfare at the beginning of the month following a year-long initial coin offering (ICO) – the biggest in crypto history – that raised $4bn for the project.

After a week of testing block producer candidates who were competing for one of the 21 validator nodes on offer, Block.one received the required number of votes to begin producing the blockchain last week and the network went live on Thursday, 14 June.

Patch issued

Eos Mainnet producers issued a statement after the network was back up and running. It said the root cause of the outage was “due to an issue with how deferred transactions were handled”.

It continued: “The EOSIO software is designed in such a way that when an error of this type occurs the chain will pause to prevent a hard fork. All block producers were halted when they detected a break in consensus.”

Around five hours after the fault was detected and a fix was issued – by Block.one and the block producers – the network resumed live operations.

Reaction

Eos enthusiasts were mixed in their reaction to the outage, with some suggesting that after a $4bn ICO the developers should have made a better job of the launch.

Jackson Palmer, creator of the dogecoin cryptocurrency said: “This software had $4bn in funding, making it hard to not be critical folks.”

Others were a little more sympathetic, admitting that new technology was often prone to such outages as developers learn along the way.

Eos tokens were among the worst performers on crypto exchanges on Monday morning, down nearly 4% at $10.15.

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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