Coinbase Suffers EOS Network Delay, But Block validators See None

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Sateesh Swaminanthan
I am a techsavy, otaku and Crytogeek. loves to talk and write about latest tech, new anime and happenings in Cryptosphere.
  • Coinbase is a global platform that enables users to buy, sell, transfer and store digital assets such as cryptocurrencies based on the U.S.
  • EOS sends are temporarily disabled completely and EOS receives are delayed.
  • EOS validators claims the same that EOS Network is fully operational.

What is Coinbase?

Coinbase is a global platform that enables users to buy, sell, transfer and store digital assets such as cryptocurrencies based on the U.S. It is the most popular platform by many to buy cryptocurrencies like Bitcoin (BTC), Litecoin (LTC) and Ethereum (ETH). Coinbase serves as a wallet too, through which it helps users to store cryptocurrencies. The application currently operates an exchange of Bitcoin, Litecoin, Ethereum and other digital assets with fiat currencies in more than 32 countries.

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EOS Network: Major Outage

Recently Coinbase tweeted from its twitter handle @CoinbaseSupport

the tweet was about the announcement of its degraded performance of the EOS network and EOS sends are temporarily disabled completely and EOS receives, on the other hand, maybe delayed. The tweet assured that the buying and selling of EOS are functioning normally within Coinbase and it will update customers when the status will jump back to normal.

The status of EOS network can be seen in Coinbase official website, in which the EOS is tagged as Major Outage and showing Send and receives are delayed. The send and receives in the EOS is referred to as sending and receiving EOS currency using the EOS network which usually happens in transferring and transactional processes.

This is not the first time that Coinbase is suffering a problem from EOS, In the same year February 14 and 17, it has reported similar failures and rebounded back to normal from the major outage.

What validators has to say on this issue?

EOS Nation, which is known to be one of three largest EOS block validators had admitted that EOS survived many micro-forks and missed the blocks on February 20 but claims that the network is working properly. EOS New York also one of the big EOS validators claims the same that EOS Network is fully operational and that a problem is could be from the side of Coinbase itself.

EOS New York validators also commented on Coinbase’s Reddit message that the network is fine and the problem of relaying is because of the internal infrastructure on EOS.

It has been noted that no other organizations reported the same problem as Coinbase. The validators asked Coinbase to give more details about the problem to assist them and provide any support from them for free. The Comment has not been responded by Coinbase yet.

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