Coinbase Limits EOS Transactions Due to Network “Degraded Performance”
The American cryptocurrency exchange Coinbase has been restricting EOS deposits / withdrawals for four days. Trading continues as usual. According to the exchange, EOS is showing “reduced levels of performance. Sending has been temporarily disabled, and receiving may be delayed “.
A similar situation was observed in the EOS blockchain at the end of last year, when due to the airdrop of the EIDOS project, the cost of computing resources increased to an unacceptable level for users..
Leading block maker EOS Nation admits that “the network did survive several microforks on February 20th,” but is “extremely reliable”.
EOS New York, another major block producer, supports peers and suggests that Coinbase itself may be in trouble: “It’s not. The network works fine, and Coinbase dumps the problems of its internal infrastructure on it. Nobody else reports problems. None of our monitoring tools show problems. “.
In November, Coinbase released a detailed analysis of the incident, explaining that it “does not have enough CPU to process transactions on the EOS network.” The exchange has not yet responded to calls from block producers to share the details of their difficulties..
EOS is trading at $ 4.20 at time of publication, having lost 20% in the last 10 days.
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