Coinbase Says EOS Network Performance is Deteriorating February 24, 2020 February 24, 2020 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsFebruary 24, 2020 by Kelly Cromley

Coinbase Says EOS Network Performance is Deteriorating

coinbaseCoinbase, one of the top US cryptocurrency exchange, has pointed out that the EOS network is facing some problems.

Four days before Coinbase issued a statement saying “EOS network has degraded performance. Sends and receives might be delayed.”

Two days later, the exchange tweeted that external transfer of EOS has been deactivated and performance of the EOS network is deteriorating.

However, the exchange has pointed out that buying and selling of EOS on its trading platform does not face any issues.

EOS Nation, one of the EOS block producers, has responded saying that EOS mainnet can be totally relied upon as it continues to function normally even though there are some problems associated with micro-forks.

The tweet accompanied a chart indicating a small blip four days ago, with 192 blocks missing due to micro-fork problem.

EOS Nation insists that the mainnet continues to perform normally during the past two weeks.

While the EOS network had block related or performance issues in the past, EOS Nation only highlighted the blip that happened four days before. It can be remembered that EOS network missed an average of 20,000 blocks per day in the final week of January.

Notably, in October 2019, a study report by Cointelegraph cautioned that EOS may face congestion attacks causing freezing of the network.

The vulnerability was used by a hacker to loot more than $110,000 worth crypto from an EOS gambling app., parent firm of EOS, has also claimed that the network is functioning normally.

Soon after launch, the network faced freezing problems and in the recent past faced network congestion issues due to the EIDOS token airdrop.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.