The $383-million Zilliqa ecosystem is experiencing disruptions attributable to a “vital scenario” impacting the community.
In response to a Dec. 18 post by builders, the Zilliqa blockchain faces a “technical subject that has resulted in an interruption to dam manufacturing.” Blockchain information reveals that each day transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, in comparison with a median of 61,000 up to now few days.
Exercise has since paused, with the final transaction occurring at round 11 am UTC, with no new blocks being produced since then. “The workforce are working onerous to get better the community,” wrote Matt Dyer, Zilliqa’s CEO, in a follow-up.
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“This sudden problem is our prime precedence and our technical workforce is working to determine and resolve the issue,” mentioned builders, warning that each one companions ought to “quickly halt any deposits or withdrawals on the community” as the difficulty is being resolved.
Nevertheless, builders emphasised that “funds are SAFU,” and customers can nonetheless test their on-chain pockets stability utilizing the Zilliqa block explorer after reviews surfaced of customers unable to see token balances inside their Zilliqa pockets.
“No motion is required on customers’ ends. Simply watch for the community to be restored, and issues can be again to regular,” mentioned a neighborhood moderator on Zilliqa’s official Discord.
Pricey neighborhood, We’re writing to tell you of a vital scenario at present impacting the Zilliqa blockchain community.
The community is presently experiencing a technical subject that has resulted in an interruption to dam manufacturing. This sudden problem is our prime…
— Zilliqa (@zilliqa) December 18, 2023
Based in 2017 in Southeast Asia, Zilliqa launched its mainnet the next 12 months and is devoted to blockchain scalability and a metaverse enterprise. The community has processed 61.4 million transactions since its inception. Even earlier than the present community outage, nonetheless, Zilliqa’s blockchain noticed comparatively few transactions per second concerning utilization charge.
