CryptoMediaClub
Sunday, June 1, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Zilliqa on-chain transactions plunge amid 'technical issue'

18.12.2023
A A
0
125
VIEWS
ShareShare

The $383 million Zilliqa ecosystem is experiencing disruptions due to a "critical situation" impacting the network.

According to a Dec. 18 post by developers, the Zilliqa blockchain faces a "technical issue that has resulted in an interruption to block production." Blockchain data shows that daily transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, compared to an average of 61,000 in the past few days.

Activity has since paused, with the last transaction occurring at around 11 AM UTC with no new blocks being produced since then. "The team are working hard to recover the network," wrote Matt Dyer, Zilliqa's CEO in a follow-up.

Related: Zilliqa teases Web3 gaming console, Funko teams up with Warner Bros

"This unexpected challenge is our top priority and our technical team is working to identify and resolve the problem," said developers, warning that all partners should "temporarily halt any deposits or withdrawals on the network" as the issue is being resolved. However, developers emphasized that "funds are SAFU," and users can still check for their on-chain wallet balance using the Zilliqa block explorer after reports surfaced of users being unable to see token balances within their Zilliqa wallet.

"No action is required on users' ends. Just wait for the network to be restored, and things will be back to normal," said a community moderator on Zilliqa's official Discord.

Founded in 2017 in Southeast Asia, Zilliqa launched its mainnet the following year and is dedicated to blockchain scalability, along with a metaverse venture. The network has processed 61.4 million transactions since inception. Even before the current network outage, however, Zilliqa's blockchain saw relatively few transactions per second in terms of utilization rate.

Share10Tweet6ShareSharePin2

Related Posts

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations
All news

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

01.06.2025
0

Key Takeaways: BitMEX uncovered major security flaws in North Korea’s Lazarus Group. A rare IP leak exposed a hacker’s location...

Read moreDetails
WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

01.06.2025
Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

01.06.2025
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

01.06.2025
Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

01.06.2025
Load More
Next Post
Beyond JPEGs: Exploring the types of Bitcoin inscriptions

Beyond JPEGs: Exploring the types of Bitcoin inscriptions

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger

Hut 8 boosts self-mined Bitcoin reserves to 9.4K amid USBTC merger

2 years ago
Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON

Bitcoin price holding $27K could open buying opportunities in BNB, ADA, XMR and TON

2 years ago
Early Bitcoin Buyer: ‘GambleFi Tokens Are Undervalued and Could 10-50x Alongside Meme Coins

Early Bitcoin Buyer: ‘GambleFi Tokens Are Undervalued and Could 10-50x Alongside Meme Coins

8 months ago
Binance successor in Russia: Everything you need to know about CommEx, so far

Binance successor in Russia: Everything you need to know about CommEx, so far

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Two NYPD Allegedly Officers Caught in Crypto Kidnapping Storm, Duties Curtailed

Bitcoin Price Prediction: Post-$827M Liquidation Carnage – Can BTC Reclaim $104k Amid ETF Inflows?

Ethereum Price Prediction: ETH at $2,517 After Sharplink Gaming’s $48M Institutional Buy-in News — SEC Filing Sparks Bullish Sentiment

BlackRock’s IBIT Sees $430M Outflow, Ending 31-Day Inflow Streak

Trending

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations
All news

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

01.06.2025
0

Key Takeaways: BitMEX uncovered major security flaws in North Korea’s Lazarus Group. A rare IP leak exposed...

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

01.06.2025
Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

01.06.2025
JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

01.06.2025
Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

Banana Gun’s 88% Snipe Wins To Be Eclipsed By Snorter Token, New Solana Meme Trading Bot Raises $260,000 in 2 Days 

01.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz