Celo network back online after almost 24-hour outage

74
SHARES
1.2k
VIEWS

Proof-of-stake- (PoS)-based blockchain Celo has been affected by an on-and-off community outage lasting 24 hours, although the blockchain seems to be up and working once more. 

Celo is an open-source blockchain that permits customers with cellphone numbers to make funds with crypto by utilizing their cellphone numbers as a proxy for public keys.

Celo updated its Twitter followers after the community got here again on-line, noting it was the community’s first outage for the reason that mainnet launch on April 22, 2020, and that it has begun a “thorough and expedited technical evaluation” to resolve the problem.

The protocol made the preliminary announcement that the community had stalled on Thursday at 12:04 am UTC at block 14,035,019, assuring that “all funds are protected.”

It resumed round 9 hours later for a number of minutes earlier than pausing once more at block 14,035,045.

On the time of writing, the community seems to be up and working once more following an improve of its validator nodes to model 1.5.8, according to a Celo block explorer.

On the protocol’s Discord channel, one of many community’s validators with the username “Dee” mentioned they noticed the newest outage as “a part of the rising pains” of the community however that they remained assured within the fundamentals because it was the primary community halt in over two years:

“Even Visa had some community outage over the previous two years regardless of being a market chief in funds for over 60 years.”

The Celo protocol’s white paper claims that it permits customers to ship funds “as simple as sending a textual content message.” The community touts a median block time of 5 seconds, is Ethereum Digital Machine appropriate and helps sensible contracts and decentralized functions.

Associated: Celo Basis proposes to deploy Uniswap v3 on its native blockchain

The Celo community can also be the protocol behind three stablecoins — Celo {Dollars} (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL), in addition to its native token Celo (CELO).

Earlier this week, the Helium community suffered a four-hour outage as a consequence of validator outages from a software program replace, inflicting delayed transaction finality.

On June 1, the Solana community suffered yet one more outage, inflicting block manufacturing to halt for 4 and a half hours. It was one in every of seven community outages during the last 12 months.

Source link

You might also like

Recommended For You

Next Post

Leave a Reply

Your email address will not be published.

Related News