Electroneum (ETN) Facing Difficulties as Blockchain Network Experiences Stagnation
Electroneum has been criticized by many of its active holders, as it undergoes yet another problem: a frozen network. Based on the claims made, the Electroneum network does not seem to move at all, with very little to no blocks being solved at tediously long wait times.
According to a post made available by the Electroneum team, the necessary measures are being implemented to overcome the high difficulty figure. Furthermore, they’ve stated that Electroneum will be “working with nanopool” to get things running again.
The team also announced that it will be mining empty blocks for three days, but many Reddit users do not believe that the problem at hand is as simple as the team is making it out to be – suggesting the problem might revolve around bugs within transaction handling.
Many are also assuming that the reason behind an almost “shutdown network” could be due to low hashing power, which was observed in the last 11 blocks. The team also announced that this current issue will be temporary as they are working towards putting an end to it.
As for the ETN token, since its launch, a strong community has been formed. However, due to the several problems that it has faced, mainly the platforms carelessness in user emails, mining backups, and its wallet, many users have lost hope and even are giving up on the entire project.
ETN is gradually experiencing a decrease in price as it has dropped to $0.02 from its all-time high (ath) of $0.19. Furthermore, the same effects are said to be visible in its volume exchanges. Will the Electroneum team overcome the obstacles thrown at them and regain their position within the crypto market?
In other news, there was a hard fork of Electroneum called Electronero in which you can see below.