EOS blockchain needs an emergency patch

An apparent bug in the mainnet software resulted in the network pause thus EOS creator is developing a software patch
16 June 2018   637

EOS block producer candidate has reported an unexpected pause of the mainnet at 9:56 UTC. This came as a shock because the network failed in less than 48 hours of uptime - the mainnet was activated on June 14. At 10:57 UTC standby block producers switched their nodes off and backed the network state up. At 13:02 UTC developers identified the problem and EOS creator Block.one is developing a patch.

The patch will introduce the software release 1.0.5 with a nodeos fix. Block producers will have to upgrade their nodes, replay till the last irreversible block (1027597 block), sync between each other and finally reopen the chain to the public. EOS has migrated from the Ethereum blockchain to the one of its own providing a groundbreaking developing platform for dApps with "unprecedented functionality, scalability and transparency". At the moment of publication, EOS market characteristics are as follows:

Average price 10.47 USD
Market cap 9,383,581,332 USD
Volume (24H) 734,884,000 USD

EOS to Become Transaction Volume Leader

EOS transaction volume to exceed Bitcoin's, Ethereum's and even Tron's
15 January 2019   137

According to the Coinmetrics analytical resource, EOS has become the absolute leader in terms of transaction volume.

Tron blockchain activity is approx twice lower than EOS. The volume of Ethereum transactions is about 11 times smaller than that of EOS. Also note that XRP is slightly higher than bitcoin in this parameter.

CoinDesk analyst Peter Ryan emphasizes that transactional activity in smart contract platforms is usually much higher than that of cryptocurrencies, which mainly function as a means of preserving value.