Zilliqa restores blockchain after failures with block generation

Zilliqa developers announced the full restoration of network functionality following issues with block creation.

The team explained that it is monitoring the stability of the network and trying to diagnose the root cause of the recent outages.

The Zilliqa network is back online following temporary outages due to production blocking on the 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…

— Zilliqa (@zilliqa) May 10, 2024

Following the news of the network restart, Zilliqa’s naive token ZIL reacted with a decline. According to CoinMarketCap data, the coin lost 1.8% in value in the last 24 hours.

At the same time, token trading increased sharply by 7%, reaching over $15 million in the last 24 hours; This shows that investors may start selling assets after technical problems.

Source: CoinMarketCap

On May 8, the network slowed down block generation and transaction processing stopped after less than an hour, allowing the protocol to clear its memory pool and resume normal operation after 30 minutes.

The developers said they were investigating the cause of the incident and admitted that the network problems persisted the next day.

Technical experts created internal test networks to test fixes for bugs that were supposedly detected. In addition to the animated planned v9.3.4 update, Zilliqa also released the necessary software update and announced the restoration of the blockchain.

However, on the evening of May 9, the developers admitted that they were not able to completely eliminate the main causes of network shutdowns. However, the company assured that the funds are safe and users can check their balance through the blockchain browser.

Dear community, we are writing to inform you that we are aware of a new outage in Block production on the Mainnet. The issues that caused the previous network outage were unclear and it is clear that the logs did not provide the information necessary to properly resolve…

— 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 was forced to restart the protocol after a glitch in the smart contracts.