Electroneum (ETN) Frozen: Network Drags Along with High Difficulty

Electroneum (ETN) is having another troublesome hurdle: its network barely moves, with blocks solved very slowly. This makes the coin practically stagnant, as the team is still preparing a way to react. The last 11 blocks are showing a time lag, sometimes coming hours apart. This slowdown in mining is due to a relatively low hashing power, and a difficulty that will not correct downward for at least 30 blocks. https://twitter.com/electroneum/status/1003021173012271104 The event is one of the most ominous for blockchains - some calling it “blockchain death spiral”. However, the slowdown should be temporary, as the Electroneum team has announced. The ETN digital asset has a relatively active community, mostly due to the popularity of simulated mining on mobile phones. However, there are those that lost patience with the low price of ETN, and the lack of high volume exchanges. Some coins, such as Bitcoin Cash (BCH) have seen a…

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