Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network ...
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable delegations. ** This post was updated at 3:00 p.m. (ET) to reflect the fact that the Terra blockchain has resumed block production. Terra Blockchain Halts in Order to Prevent Governance Attacks, Team Says Restart Coming Soon At the time of writing, the Terra blockchain has stopped block production since the mid-afternoon Eastern Standard. The team’s....
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On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET) and the Solana status....
The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. As the dust settles from the Terra ecosystem crash, and the community decides what the next steps should be, the CEO of a validator runner in South Korea thinks the old Terra chain should be shut down permanently.Jiyun Kim, CEO of blockchain solutions company DSRV, wrote an opinion post on his own behalf, detailing how the Terra team tip-toed around the idea of halting block production while LUNA prices....
It’s been five months since the Terra ecosystem collapsed as tens of billions of dollars in value disappeared from the crypto economy in a matter of days after May 7. Terra’s new Phoenix blockchain managed to restart the ecosystem to some degree and since the end of June, Terra’s total value locked (TVL) in decentralized finance (defi) has increased from $350,174 to today’s $41.55 million.
A Look at Terra’s Blockchain Ecosystem Over the Last 5 Months Since the Collapse
The Terra ecosystem fallout was a dark day for the crypto community when....
Solana, a proof-of-stake (PoS) blockchain spearhead by FTX CEO Sam Bankman-Fried, is "stuck" due to an unknown issue.
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has once again halted block production at block height 7,607,789. The team restarted the chain again at 8:46 a.m. (ET) and disabled onchain swaps.
Do Kwon’s ‘Amusing Morning’ of De-Pegging Jokes Becomes a Scary Reality
Five days ago people....