As a seasoned analyst with years of experience in the crypto sphere under my belt, I must say that the latest series of technical issues at Zilliqa has left me scratching my head – not unlike the developers themselves, it seems. The recurring block generation hiccups are becoming a pattern that’s hard to ignore, and as a community member who values stability and reliability in my investments, I can’t help but feel a tad concerned.
The team behind Zilliqa has declared they’ve found a long-term solution for an issue which momentarily paused transaction processing on their blockchain during the weekend.
In a recent update on their platform, the team at Zilliqa explained they were addressing an issue that halted the creation of new blocks within the blockchain. This glitch, discovered on September 29th, disrupted users’ ability to carry out transactions and gain access to their assets.
Hello there! I’m afraid we’re experiencing a hiccup with our network. We truly apologize for any inconvenience this may cause, and we value your feedback and reports. We’ve pinpointed the problem and are working diligently to fix it as quickly as possible. Don’t worry – your funds remain secure! 🔒
— Zilliqa (@zilliqa) September 28, 2024
Remarkably, after another issue was detected on September 27, which temporarily slowed down block production, the network did not completely shut down. The developers successfully implemented a solution that day, quickly resuming normal operations. However, technical problems resurfaced only two days later, causing worry about the network’s infrastructure stability.
Certain community members have raised doubts about the coincidental appearance of these problems, which surfaced not long after the Zilliqa 2.0 upgrade – a change aimed at improving network speed and cross-chain compatibility. Nevertheless, Zilliqa has made it clear that these recent disturbances are not connected to the upgrade.
Currently, the network hasn’t resumed full operation nor implemented a permanent solution at the moment I’m writing this, however, block production has been reinstated for validators. In the meantime, developers have reassured users that all assets are secure.
In the last day, a drop of more than 2.3% has occurred in the value of the native token for the blockchain, ZIL (ZIL), due to recent events.
Block generation hiccups have become a recurring theme for Zilliqa, and these latest setbacks echo similar issues seen over the past year.
In May, there was a delay in block creation on the network, which was temporarily followed by a pause in transactions. Although developers fixed the problem using an update at the time, they admitted that they hadn’t completely pinpointed the underlying issue.
In December 2023, the network experienced yet another interruption, causing the rate of block production to significantly decrease for approximately half a day.
In related news, Ethereum layer 2 solution Starknet faced an outage earlier this year that prevented transactions from being processed on-chain. More recently, layer 1 protocol Canto also faced back-to-back outages due to issues with its consensus mechanism.
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2024-09-30 14:24