|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
ZetaChain Outage Affects Cross-Chain Transactions as Athens Testnet Remains Down
Nov 01, 2024 at 06:08 pm
Cross-chain data and smart contract execution Layer 1, ZetaChain, has suffered a major outage on both mainnet and testnet following a block production bug.
Cross-chain data and smart contract execution Layer 1, ZetaChain, has suffered a major outage on both mainnet and testnet following a block production bug.
The Mainnet Outage
Late on Oct. 31, the ZetaChain mainnet failed to produce blocks, rendering the network inoperable until the early hours of Nov. 1.
According to ZetaChain, the network was halted due to a consensus error following an update, namely v20.0.6.
Although it was only distributed to a “small subset of validators,” it ultimately prevented validators from agreeing on block production and resulted in a sizeable outage.
The team has switched their validators to a previous version, v20.0.5, and requested community members follow suit. By 05:52 UTC, block production had resumed, and at 06:00 UTC the team declared the issue resolved.
However, as of 06:06 UTC, there remain delays in cross-chain transactions due to the outage and transactions “catching back up.”
ZetaChain will conduct a review and publish the results in due course.
Athens Testnet Still Down
Shortly after the team had the mainnet back up and running, the Athens testnet block production also began to fail.
The team has said it is directly related to the mainnet version 20.0.6 and reiterated that validators should switch back to v20.0.05 in testnet and mainnet.
As of 07:58 UTC, the team confirmed that validators are resynching, and they anticipate normal block production will resume in the coming hours.
ZETA Price Action
Following the tech issues, the ZETA token experienced a downturn and dropped 11.42% from $0.73 to $0.64.
Interestingly, overnight, ZETA’s market cap saw a steep uptick despite the price decline. It leaped from $314 million to $354 million, yet this influx of capital seemingly had no impact on ZETA’s price.
That said, it does come amid a broader market correction in which Bitcoin (BTC) has tumbled from $72,000 to $69,300 overnight.
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.
-
- Dogecoin (DOGE) Primed for 120% Rally to $0.82, But Must Hold This Crucial Support Level
- Nov 23, 2024 at 11:50 pm
- The price of Dogecoin (DOGE) saw another epic surge in the past 24 hours, rising over 17% to a high of $0.4656. If this momentum continues, on-chain analyst Ali Martinez believes DOGE could rally to $0.82.
-
- Polyhedra Network Expands Its zkBridge Cross-Chain Solution with Astar Network Integration
- Nov 23, 2024 at 11:50 pm
- Polyhedra Network has revealed its 8th Network Expansion Proposal, announcing the new integration of its zkBridge with Astar Network. This proposal aims to stabilize cross-chain operations and improve user interfaces.