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The Zilliqa network recently experienced a temporary setback with disruptions in block production but has now fully restored its functionality. The development team has successfully addressed the issues, ensuring that the network is back online and processing transactions as usual. This update comes after a period of instability that affected the network’s ability to generate blocks effectively.
Monitoring and Diagnosis
In response to the disruption, the Zilliqa infrastructure team is diligently monitoring the network to ensure its stability continues. They are also conducting a thorough analysis to identify the root cause of the recent outages, aiming to prevent future issues.
Market Response
Following the announcement of the network’s recovery, the value of Zilliqa’s native token, ZIL, experienced a slight decrease, dropping by 1.8% over the last 24 hours. Despite this, trading activity for the token has surged, with a 7% increase in volume, reaching over $15 million. This indicates a heightened level of activity possibly as traders adjust their positions following the network’s technical problems.
Recent Challenges and Resolutions
The Zilliqa network faced a slowdown in block generation on May 8, leading to a halt in transaction processing. Fortunately, the protocol’s ability to clear the mempool allowed operations to resume normally within 30 minutes. Following this incident, the development team set up internal testnets to troubleshoot and remedy the identified issues. They deployed a crucial software update, which was part of the planned v9.3.4 update, to stabilize the network. Although the primary causes of the disruptions on May 9 were not entirely resolved initially, the team reassured users that all funds remained secure and accessible through the blockchain explorer.
Historical Network Issues
Prior incidents include a significant disruption in December 2023, where the network only processed blocks for less than half a day. Additionally, a glitch in the smart contracts in July 2022 necessitated a protocol restart. These events highlight the challenges faced by blockchain networks and the continuous efforts required to maintain operational stability.
As Zilliqa continues to enhance its platform and resolve technical issues, users and investors are encouraged to stay informed through updates. For those interested in the evolving world of cryptocurrencies and blockchain technology, staying updated on such developments is crucial. We invite you to keep exploring more news and updates right here on Global Crypto News.
