What happened
EOS blockchain has come to a grinding halt due to a bug in the software, The network has been paused and all the block producers have now been notified. The mainnet was stopped at 9:56 UTC . Atm block.one are working to resolve the issue. Block.one said "the root cause was due to how deferred transactions were handled". Once the problems fixed they will replay from block 1027597 and then sync with all the block producers and reopen the chain.
What to do.
Nothing. FUD will be sky high , the haters are going to hate. This is not a huge issue and block.one said there will be issues with EOS when it launches. Block.one built in protection these events, The block producers have the power to pause and fix the block chain in events like this. The price hasn't moved which is a form of proof that isnt a huge issue. People are going to hate and say that EOS is doomed but look what happened to Ethereum a few months ago someone locked 100s on million of dollars and people out of there Ethereum and is Ethereum doomed no. As Dan Larimer said there is no such thing as perfect code so he built a way to pause fix and replay any errors that occur on EOS.
My website:
https://www.satoshiscoop.com/
Cryptoslice Facebook:
https://www.facebook.com/cryptosliceaustralia/
This is not professional financial advice please do your own research before making any investments.
The net has been up again now for over eight hours. Some of the block explorers still wont work though. http://eosflare.io works!
True haha. I was asleep when this all happened :p. Thanks for the update