Zilliqa on-chain transactions plunge amid ‘technical issue’

The $383-million Zilliqa ecosystem is experiencing disruptions attributable to a “important state of affairs” impacting the community.

In line with a Dec. 18 post by builders, the Zilliqa blockchain faces a “technical difficulty that has resulted in an interruption to dam manufacturing.” Blockchain information exhibits that each day transactions on Zilliqa subsequently plunged by roughly 50% to 30,906, in comparison with a median of 61,00zero up to now few days.

Exercise has since paused, with the final transaction occurring at round 11 am UTC, with no new blocks being produced since then. “The staff are working arduous to get better the community,” wrote Matt Dyer, Zilliqa’s CEO, in a follow-up.

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“This sudden problem is our high precedence and our technical staff is working to establish and resolve the issue,” mentioned builders, warning that each one companions ought to “briefly halt any deposits or withdrawals on the community” as the difficulty is being resolved.

Nevertheless, builders emphasised that “funds are SAFU,” and customers can nonetheless examine their on-chain pockets stability utilizing the Zilliqa block explorer after experiences surfaced of customers unable to see token balances inside their Zilliqa pockets.

“No motion is required on customers’ ends. Simply look forward to the community to be restored, and issues can be again to regular,” mentioned a neighborhood moderator on Zilliqa’s official Discord.

Expensive neighborhood, We’re writing to tell you of a important state of affairs presently impacting the Zilliqa blockchain community.

The community is presently experiencing a technical difficulty that has resulted in an interruption to dam manufacturing. This sudden problem is our high…

— Zilliqa (@zilliqa) December 18, 2023

Based in 2017 in Southeast Asia, Zilliqa launched its mainnet the next 12 months and is devoted to blockchain scalability and a metaverse enterprise. The community has processed 61.four million transactions since its inception. Even earlier than the present community outage, nonetheless, Zilliqa’s blockchain noticed comparatively few transactions per second relating to utilization charge.