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Zilliqa restores blockchain after block generation failures
Zilliqa developers have announced the full restoration of network functionality after problems with block generation.
The team made it clear that it is monitoring the stability of the network and trying to diagnose the root cause of the recent outages.
The Zilliqa network has returned online following temporary outages to halt production on the mainnet. Functionality has now been restored and the network processes transactions normally again.
The infrastructure team continues to monitor network stability as…
— Zilliqa (@zilliqa) May 10, 2024
After the news of the network’s recovery, Zilliqa’s naive token, ZIL, reacted by falling. Second CoinMarketCap According to the data, the coin fell by 1.8% in the last 24 hours.
At the same time, token trading increased sharply by 7%, reaching more than $15 million in the past 24 hours, indicating that traders may start selling assets following technical issues.
Source: CoinMarketCap
On May 8, the network slowed block generation and transaction processing stopped less than an hour later, allowing the protocol to clear the mempool and resume normal operation after 30 minutes.
The developers said they were investigating the cause of the crash and, the next day, admitted that network problems continued.
Technical specialists created internal testnets to test fixes of supposedly identified bugs. Zilliqa released the necessary software update in addition to the scheduled v9.3.4 animated update and announced the blockchain reset.
However, on the evening of May 9, the developers admitted that they had failed to completely eliminate the main causes of network crashes. However, the company assured that the funds were safe and that users could check their balances via Blockchain Explorer.
Dear community, we are writing to inform you that we are aware of a further block production disruption on Mainnet. The problems that caused the previous network outage were inconclusive and it is clear that the logs did not provide the information needed to…
— Zilliqa (@zilliqa) May 9, 2024
In December 2023, Zilliqa encountered similar problems when the network processed blocks for less than half a day. In July 2022, the team had to restart the protocol after a glitch in smart contracts.