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.

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.