Ethereum

Stride

when

Foundation

Read

dYdX is facing a chain halt amid a scheduled upgrade, marking its first major outage since the launch of its fourth version. 
<a href="https://crypto.news/tag/cosmos/" target="_blank" rel="">Cosmos</a>-based <a href="https://crypto.news/tag/dydx/" target="_blank" rel="">dYdX</a> Chain stopped producing blocks on Apr. 8 shortly after the network underwent a scheduled upgrade to its fourth version. According to the project’s <a href="https://status.dydx.trade" target="_blank" rel="">status page</a>, the issue “continues to be investigated,” adding that it’s been “agreed to reconvene with the validators around 15:00 UTC.” 
<blockquote class="wp-block-quote"> 
 “This means that the devs won’t suggest a workaround or a fix until then so that the validators won’t get jailed for not being online when the chain restarts.” 
 The dYdX Chain team 
</blockquote> 
<figure class="wp-block-image size-large">
 <picture loading="lazy" decoding="async" class="wp-image-14264011"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/04/hiusdhfuisdf-1024x275.png.webp"> 
 <img loading="lazy" decoding="async" width="1024" height="275" src="https://crypto.news/app/uploads/2024/04/hiusdhfuisdf-1024x275.png" alt="dYdX Chain halts block production following network upgrade - 19"> 
 </picture> 
 <figcaption class="wp-element-caption">
 The latest blocks produced on the dYdX Chain | Source: Mintscan
 </figcaption>
</figure> 
 You might also like: <a href="https://crypto.news/dydx-foundation-partners-with-stride-to-launch-liquid-staking/" rel=""> dYdX Foundation partners with Stride to launch liquid staking </a> 
As per data from Mintscan, the dYdX Chain stopped producing at around 6:50 a.m. UTC, marking it one of the first major outages for the dYdX ecosystem since its migration from <a href="https://crypto.news/tag/ethereum/" target="_blank" rel="">Ethereum</a> to Cosmos. The latest incident comes just a few days after Starknet, a layer-2 solution on Ethereum, also <a href="https://crypto.news/starknet-faces-4-hour-outage-block-production-halts/" target="_blank" rel="">stopped</a> producing blocks due to a rounding error bug. As of press time, dYdX made no public statements on social media regarding the matter. 
dYdX launched its dYdX Chain in October 2023, enabling DYDX token holders to transfer funds from the Ethereum network to the new platform, thus expanding the token’s utility. The project unveiled its decision to migrate from Ethereum in early 2022, citing <a href="https://dydx.exchange/blog/v4-full-decentralization" target="_blank" rel="">concerns</a> over the network’s scalability issues. 
 Read more: <a href="https://crypto.news/dydx-published-open-source-code-of-its-blockchain/" rel=""> dYdX published open source code of its blockchain </a>

dYdX Chain halts block production following network upgrade

crypto.news

Các bài viết khác được xuất bản trên 8 thg 4, 2024

Over 50% of Consumers See Bitcoin As an Important Asset Class: Deutsche Bank

Top Analyst Predicts Major Gains: These Cryptos are Must-Buys in Q2

New York State Bar Association Guides on Cautious Use of AI

Mantle (MNT) Hits All-Time High of $1.51. Can It Break the $2 Barrier?

KEKW Launches on Solana: A New Meme Coin with a Laugh (8 Apr)

Crypto Price Prediction 4/8: Memecoins Gain Momentum With BTC Surge to $72K

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!