Core

Zilliqa

<div class="coinjournal">
 <ul>
 <li>Technical glitch causes a 50% drop in Zilliqa Network daily transactions.</li>
 <li>Urgent investigation and resolution underway; deposits/withdrawals halted.</li>
 <li>Funds deemed SAFU; users advised to wait for network restoration updates.</li>
 </ul>
 The Zilliqa blockchain, valued at $383 million, is grappling with a critical situation impacting its network. On December 18, developers reported a technical issue causing an interruption in block production, resulting in a significant drop in on-chain transactions.
 This unexpected challenge has prompted the Zilliqa Core Team to address the matter urgently. Here’s an overview of the ongoing situation.
 <h2 id="zilliqa-network-on-chain-transactions-plunge">Zilliqa Network on-chain transactions plunge</h2>
 The technical glitch facing the Zilliqa blockchain has led to a staggering 50% reduction in daily <a rel="noopener noreferrer nofollow" title="transactions" href="https://thebittimes.com/tag/transactions.html">transactions</a>, plummeting from an average of 61,000 to 30,906.
 The Zilliqa Core Team is actively investigating the root cause of the technical issue, emphasizing its status as the top priority. A statement from Matt Dyer, Zilliqa’s CEO, reassures the community that the technical team is working diligently to identify and resolve the problem. However, as a precautionary measure, all partners are urged to temporarily halt any deposits or withdrawals on the <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> until the issue is fully addressed.
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 Dear community, We are writing to inform you of a critical situation currently impacting the Zilliqa blockchain network.
 The <a rel="noopener noreferrer nofollow" title="network" href="https://thebittimes.com/tag/network.html">network</a> is presently experiencing a technical issue that has resulted in an interruption to block production. This unexpected challenge is our top…
 — Zilliqa (@zilliqa) December 18, 2023
 </blockquote>
 
 The interruption has led to a pause in activity, with the last <a rel="noopener noreferrer nofollow" title="transaction" href="https://thebittimes.com/tag/transaction.html">transaction</a> recorded at approximately 11 am UTC. Despite the inconvenience, developers have highlighted the safety of funds (SAFU) and provided a means for users to check their on<a rel="noopener noreferrer nofollow" title="-chain" href="https://thebittimes.com/tag/chain.html">-chain</a> wallet balances through the Zilliqa block explorer.&nbsp;
 Users are advised to wait for the network to be restored, assuring that normalcy will return.
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/zilliqa-faces-network-disruption-on-chain-transactions-plunge-tbt74082.html">https://thebittimes.com/zilliqa-faces-network-disruption-on-chain-transactions-plunge-tbt74082.html</a>

Zilliqa faces network disruption, on-chain transactions plunge

Tabla de contenidos

TheBitTimes

Otros artículos publicados el 18 dic 2023

Bitcoin’s Bull Run at Risk? Analyst Warns As Network Growth Stalls

Suriname Eyes Bitcoin Strategy with Jan3’s Proposal

Crypto Experts Identify Potential in an Under-the-Radar AI Coin – How to Buy Early?

Pepe (PEPE), Bonk (BONK), and Retik Finance (RETIK) are making some serious waves in the crypto w...

Crypto market on Christmas: historical trends and what to expect

SOL, MATIC and JOE in the Spotlight As Analyst Unveils Week’s Crypto Watchlist

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!