EOS is facing some negative press this Saturday, as all transactions were frozen when the blockchain came to a halt for an unknown reason at 9:56am UTC (5:56am EST).
The EOS Authority twitter account let everyone know of the issue at 6:55am EST, and that block producers were on a call to identify and resolve the issue:
Four hours after the first post (9:49 EST), they said Block One had found the issue and fixed it. All servers were updating nodes and the chain would restart. No confirmed transactions would be lost.
Block One found the issue at 13:02 UTC (9:02 EST):
"Root cause was due to how deferred transactions were handled. Fix is being released shortly by BlockOne."
A nodeos fix was made, with the chain being replayed from the last verified block 1027597. The EOS mainnet is now producing blocks again.
There was a lot of complaints in the cryptosphere about EOS not getting started up fast enough after it's initial launch, as people had a hard time staking their EOS tokens to block producers. There was a requirement for 15% of the all EOS tokens to be staked through voting and applied to block producers in order for the mainnet to launch. It took a few days for that to happen. On June 14th, enough block producers received votes for the blockchain to go live.
There was another issues about bugs being found, days before the official launch to get votes staked at the end of may. Guido Vranken was awarded $120,000 as an EOS bug bounty that Block One set. Each bug netted $10,000, and it took him about a week. But there are still bugs, making the new blockchain seem quite vulnerable.
With this recent issue, it's another hickup in the launch of EOS. Debugging the blockchain bug through a conference call has critics saying this is showing how EOS isn't decentralized enough. Hopefully everything is in tip-top shape, but there may be more bugs to come.
Thank you for your time and attention. Peace.
References: Breaking: EOS Blockchain Grinds to Halt as Software Bug Freezes Transactions | EOS Mainnet Experiences ‘Freeze’ Two Days After Launch
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