{"id":25119,"date":"2023-12-18T18:59:51","date_gmt":"2023-12-18T18:59:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/zilliqa-faces-network-disruption-on-chain-transactions-plunge\/"},"modified":"2023-12-18T18:59:51","modified_gmt":"2023-12-18T18:59:51","slug":"zilliqa-faces-network-disruption-on-chain-transactions-plunge","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/zilliqa-faces-network-disruption-on-chain-transactions-plunge\/","title":{"rendered":"Zilliqa faces network disruption, on-chain transactions plunge"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663699146978-21266d7c-6a30-4e9c-8985-e9b895670d17-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663699146978-21266d7c-6a30-4e9c-8985-e9b895670d17-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663699146978-21266d7c-6a30-4e9c-8985-e9b895670d17-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/09\/1663699146978-21266d7c-6a30-4e9c-8985-e9b895670d17-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Technical glitch causes a 50% drop in Zilliqa Network daily transactions.<\/li>\n<li>Urgent investigation and resolution underway; deposits\/withdrawals halted.<\/li>\n<li>Funds deemed SAFU; users advised to wait for network restoration updates.<\/li>\n<\/ul>\n<p>The Zilliqa blockchain, valued at $383 million, is grappling with a critical situation impacting its network. On December 18, developers reported a technical issue causing an interruption in block production, resulting in a significant drop in on-chain transactions.<\/p>\n<p>This unexpected challenge has prompted the Zilliqa Core Team to address the matter urgently. Here\u2019s an overview of the ongoing situation.<\/p>\n<h2>Zilliqa Network on-chain transactions plunge<\/h2>\n<p>The technical glitch facing the Zilliqa blockchain has led to a staggering 50% reduction in daily transactions, plummeting from an average of 61,000 to 30,906.<\/p>\n<p>The Zilliqa Core Team is actively investigating the root cause of the technical issue, emphasizing its status as the top priority. A statement from Matt Dyer, Zilliqa\u2019s CEO, reassures the community that the technical team is working diligently to identify and resolve the problem. However, as a precautionary measure, all partners are urged to temporarily halt any deposits or withdrawals on the network until the issue is fully addressed.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Dear community, We are writing to inform you of a critical situation currently impacting the Zilliqa blockchain network.<\/p>\n<p>The network is presently experiencing a technical issue that has resulted in an interruption to block production. This unexpected challenge is our top\u2026<\/p>\n<p>\u2014 Zilliqa (@zilliqa) <a href=\"https:\/\/twitter.com\/zilliqa\/status\/1736735016334635450?ref_src=twsrc%5Etfw\">December 18, 2023<\/a><\/p>\n<\/blockquote>\n<p>The interruption has led to a pause in activity, with the last transaction recorded at approximately 11 am UTC. Despite the inconvenience, developers have highlighted the safety of funds (SAFU) and provided a means for users to check their on-chain wallet balances through the Zilliqa block explorer.\u00a0<\/p>\n<p>Users are advised to wait for the network to be restored, assuring that normalcy will return.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/zilliqa-faces-network-disruption-on-chain-transactions-plunge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Technical glitch causes a 50% drop in Zilliqa Network daily transactions. Urgent investigation and resolution underway; deposits\/withdrawals halted. Funds deemed SAFU; users advised to wait for network restoration updates. The Zilliqa blockchain, valued at $383 million, is grappling with a critical situation impacting [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":25120,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25119"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=25119"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/25119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/25120"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=25119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=25119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=25119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}