EOS Crypto Network Freezes | Crowdfund Insider

The cryptocurrency network that lifted 4 billion in the ICO (Initial Coin Offering), and took two weeks to attract sufficient joining from holders to go live, froze progressing today after reduction than forty-eight hours of operations.

The EOS crypto token network is moderated by a set of “block producers” (BPs), persons in possession of enough computing energy and EOS coins to interest coins for the right to routine exchange on the network at a fee.

EOS stakers also contest for retard rewards of EOS coins the way miners in the Bitcoin network do nonetheless Bitcoin uses a proof-of-work system and not proof-of-stake.

Block producers reportedly intent in a discussion call progressing today to coordinate replacement of the network. News of the call caused at slightest one “CryptoTwitter” commentator to fun about centralization on the EOS network:

Centralization is an ongoing regard in crypto because autocratic too much energy in a network could concede parties to conflict the network or rivet in “double spends” of that network’s cryptocurrency.

Three hours of announcing the crash, EOSAuthority pronounced the “code issue” had been bound “immediately.”

However, a retard path-finder of the EOS Network, “EOS Network Monitor.io,” appears to uncover that producers of even very new blocks are still carrying difficulty consistently communicating with the network.

In a post on Medium, “EOS Block Producer FAQ,” author Ben Sigman supposing a list of over 150 top-rated field seeking to interest as one of EOS’ 21 Block Producers.

ANDREW, THE LINK IS HERE BUT IT DISAPPEARS WHEN we PASTE IT. CAN YOU SEE IT?

TRY: medium.com/@bensig/eos-block-producer-faq…

View story at Medium.com

But when the categorical net sought to launch June, it took two weeks for the network to settle sufficient stakers.

View story at Medium.com

Article source: https://www.crowdfundinsider.com/2018/06/135053-eos-crypto-network-freezes/