Market Cap: $3.1786T -0.410%
Volume(24h): $125.0783B 0.530%
  • Market Cap: $3.1786T -0.410%
  • Volume(24h): $125.0783B 0.530%
  • Fear & Greed Index:
  • Market Cap: $3.1786T -0.410%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$98248.999585 USD

0.80%

ethereum
ethereum

$2845.889766 USD

3.81%

xrp
xrp

$2.461249 USD

-1.46%

tether
tether

$1.000324 USD

0.01%

solana
solana

$203.445740 USD

-0.62%

bnb
bnb

$581.155103 USD

1.55%

usd-coin
usd-coin

$1.000039 USD

0.02%

dogecoin
dogecoin

$0.265193 USD

0.36%

cardano
cardano

$0.763922 USD

2.38%

tron
tron

$0.227361 USD

1.47%

chainlink
chainlink

$19.864663 USD

1.80%

avalanche
avalanche

$26.765526 USD

0.66%

sui
sui

$3.478716 USD

-2.73%

stellar
stellar

$0.339725 USD

0.18%

toncoin
toncoin

$3.890572 USD

2.97%

Cryptocurrency News Articles

XRP Ledger Outage Highlights Blockchain's Growing Pains, but the Network Passed the Test of Failure

Feb 07, 2025 at 07:00 am

Ripple’s Chief Technology Officer, David Schwartz, explained that a “silent network” failure likely caused validators to stop publishing validations

XRP Ledger Outage Highlights Blockchain's Growing Pains, but the Network Passed the Test of Failure

A technical failure on the XRP Ledger (XRPL) on March 14 brought the network to a temporary halt, impacting XRP (CRYPTO: XRP) price and sparking discussions on blockchain reliability.

What Happened: The XRPL experienced a network-level issue on Wednesday, causing a短暂停止 in ledger processing. While the issue was resolved without any loss of user funds, it highlighted potential vulnerabilities in XRPL’s infrastructure.

According to Ripple’s Chief Technology Officer David Schwartz, a “silent network” failure likely caused validators to stop publishing their validations, disrupting the consensus process.

Schwartz explained that the outage was not caused by a single point of failure but rather a breakdown in communication among validators. The XRPL relies on a federated consensus mechanism where independent validators confirm transactions and maintain the network’s integrity.

However, during the incident, validators seemingly stopped publishing their validations, leading to a network-wide drift and an eventual halt in ledger processing.

Schwartz described this as a rare case of a “silent network” failure, where nodes recognize a problem but fail to signal the necessary chatter to reestablish consensus. The network eventually recovered when validator operators manually intervened, setting a stable starting point to allow the system to regain synchronization.

Despite the temporary halt, no validated ledgers were lost, as the system’s safety mechanisms prevented unverified transactions from being processed.

Impact on XRP, Market Reactions: Following the outage, XRP's price briefly dropped by over 6% during the incident. The cryptocurrency, which had put up a relatively strong performance prior to this, struggled to immediately regain momentum afterward.

The price later stabilized at around $2.50, but the incident revived conversations about how resilient blockchain networks are in processing transactions without interruption.

This failure also provided ammunition for XRP’s critics, particularly within the Bitcoin (CRYPTO: BTC) community. Some Bitcoin maximalists were quick to ridicule the outage, claiming that it demonstrated deep-seated weaknesses in XRPL's architecture.

However, Schwartz countered these claims, pointing out to critics that Bitcoin itself had suffered similar network-level failures in the past. There were two such incidents in 2010 and 2013 that resulted in long delays in transactions.

Watch – XRP Price Analysis

After the Dust Settled: Schwartz later noted that the actual cause of the failure is still being researched, but according to the preliminary analysis, a lot of validators probably stopped working just as a precaution rather than because of their technical failure.

Following this failure, the development team at Ripple is working towards improving network safeguards to prevent such failures from recurring in the future. The solutions might involve enhanced failover mechanisms among the validators or even improved coordination protocols for reconvergence in case of unexpected splits.

See More: Best Cryptocurrency Scanners

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Feb 07, 2025