"Don't panic" - ETH deposit/withdraw disabled on many platforms

in #ethereum8 years ago

At the moment many Ethereum owners see that Exchanges disabled deposit/withdraw on their websites. That's because ETH network reached it's transaction limit - I think at least.

I don't know but it seems that the ICO launches and/or smart contract/transaction spamming makes the network pending transactions. At the moment ~11500 txs pending according to https://etherscan.io/txsPending ... and it's counting. The main reason is maybe that ETH network is still has old "internal components".

ETHEREUM_NAV-BAR-LOGO.png

This is one of the first times when ETH network shows it's dark side but I think it is not the last time we see situations like this. Still everybody should calm down, because if you start transactions you may lose money and just making the situation worse...

A hint according to Lefteris Karapetsas‏ on twitter
"Hint: For those waiting for their ETH to get burned in the @ethstatus contract, cancel it by making a plain value transfer with 51 GWEI." "You would still lose ETH but less, since it would be a succesfull simple value transfer with huge gas price."

help-consumer.jpg!

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I noticed this yesterday. Its a good thing i keep my ether in cold storage. Alot of people i follow on YouTube were telling us to sell @ $360 but i decided to hodl. Should have traded out for bitcoin and grabbed some profits. Oh well, at least i traded some ether for litecoin b4 it shot up!

Or you can trade it for Bitshares (BTS) on its own DEX platform ;) ....where this kind of issues CAN'T happen -> https://bitshares.org/technology/industrial-performance-and-scalability/