Man, I just hope not! There are lacks of transactions that go every single second and people have invested in millions. To tell precisely, currently there is a total of $2,051,791,535 USD in Binance on CoinMarketCap.com. It is not just a matter of seconds but a matter of risk on their money and trust which they were gaining on the CryptoCurrency system.
Image Courtesy: https://www.newsbtc.com/2018/02/08/crypto-exchange-giant-binance-will-12-hours/
We see a twitter update saying there is system maintenance which is in progress. Some people are thinking that it got hacked as users have started experiencing a temporary decrease in exchange performance and the Binance page has got freeze already. If this situation continues, the market could crash and people will go bankrupt.
There is a waiting period on the data copy and the server is taking almost 10 hours exceeding the previous expected time to recover as per the tweets on Binance page. They have given 30 minutes wait time for people to withdraw their orders, if they want to till the time system resumes.
The server issue on replica database causing the data to be out of sync. It might take time as the data is gigantic in size. Hopefully, no transaction history is lost and it comes back in sync. Let people’s passion for trading and trust goes hand in hand.
Hope you love to Upvote and Resteem my Blogs!
@Punnu
Wow. That's because of people like you that we get people scared the shit out of themselves. Spreading unproven FUD with a "upvote and resteem" at the end. That's lame AF. Downvote this to the sandbox. Your first post is not even one month ago dude. You bought the top and now you're scared as shit. Well deserved.
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For your knowledge the information given here could make people aware of the news. Many people have paid their home loans or paid their dues with the help of crypto currency. It is essential for them to know what’s going on even an update like binance not working for several hours. It is still not up yet! See here- Https://twitter.com/binance_2017 And Steemit is the platform where we generate valuable content and get views or money for which even you are here for.
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