Usually it means it is unable to "save" or "load" data. Like I give you a piece of paper, but you don't get it for some reason. I/O stands for Input/Output ( Input, get something like the Ask Block asks for input, Output gives something like say "Hello" is output ).
Have you tried reloading the page?
Also if a project never fully loads ( just stays as a loading screen ) here might help.
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