Ethereum Network Overwhelmed and Backed up- No transactions processing by crypticj

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ethereum · @crypticj · Jun 21 '17

$0.31

Ethereum Network Overwhelmed and Backed up- No transactions processing

Quick Announcement 

Ethereum Network is experiencing a slow down due to all the ICOs and ICOs related transfer. 

Few Technicians I spoke with informed me that the slow down can last for additional 6-12 hours as the number of  contracts are backing up the network. 

![dwarfpool.JPG](https://steemitimages.com/DQmYV4bi3ZeSWphnZEihJKndLrHxfGtAJbUwxVvZjBs3FVP/dwarfpool.JPG)

On a separate note some Smart Contracts with buggy code (Yes possibly inefficient Code) is causing the network to not process transactions  correctly, I would recommend Not to transfer ethereum or any ERC-20 based tokens for now. 


Until the issue at hand is resolved, Please re-steem to get the word out.

👍 steveo, tomascello, reseller, blacksails, crypticj, teddy2

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@steveo · Jun 21 '17

I know it sucks! :-/

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@crypticj · Jun 21 '17

$0.03

Yes it does I was trying to transfer some ethereum based tokens TAAS.fund and they been pending for past 6 hours and they are dropping in value making me lose real $

👍 crypticj, chivenation

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@unitedworld · Jun 21 '17

Why didn't you temporarily convert them into BTC or USDT?

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