Zilliqa developers announced the complete restoration of network functionality after problems with block generation.
The team clarified that it is monitoring the network’s stability and trying to diagnose the root cause of the recent outages.
— Zilliqa (@zilliqa) May 10, 2024The Zilliqa network is back online following temporary disruptions to block production on mainnet. Functionality has now been restored and the network is once again processing transactions normally.
The infrastructure team continues to monitor the stability of the network as it…
Following news of the network’s resumption, Zilliqa’s naive token, ZIL, reacted by falling. According to CoinMarketCap data, the coin fell 1.8% in the last 24 hours.
At the same time, token trading has increased sharply by 7%, reaching more than $15 million in the last 24 hours, indicating that traders could begin selling assets following the technical issues.
On May 8, the network slowed down block generation, and transaction processing stopped less than an hour later, allowing the protocol to clear the mempool and resume regular operation after 30 minutes.
Developers said they were investigating the cause of the incident and, the next day, admitted that network problems continued.
Technical specialists created internal testnets to test fixes for supposedly identified bugs. Zilliqa released the necessary software update in addition to the animated scheduled v9.3.4 update and announced the restoration of the blockchain.
However, by the evening of May 9, developers admitted that they had not been able to eliminate the leading causes of network shutdowns completely. However, the company assured that funds were safe and users could check their balances through the blockchain explorer.
Dear community, We are writing to inform you that we are aware of a further disruption to Block production on Mainnet. The issues that caused the previous network outage were not conclusive and, it is apparent that the logs did not provide the necessary insights to properly…
— 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 the smart contracts.