Friday, January 27, 2023
The Crypto Traders Hub
No Result
View All Result
  • Home
  • News
    • Tech
    • Policy & Regulation
    • Market
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoins
  • 101 Guides
    • Coin Overviews
    • Altcoin Tradings
  • Review
    • Exchange
    • Wallet
    • Brokers
    • Crypto Trading bots
  • Videos
  • Podcast
No Result
View All Result
The Crypto Traders Hub
No Result
View All Result
Home Crypto Tech

Celo network back online after almost 24-hour outage

The Crypto Traders Hub Team by The Crypto Traders Hub Team
July 15, 2022
in Crypto Tech
0
Celo network back online after almost 24-hour outage
190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter



Proof-of-stake-based blockchain Celo has been affected by an on-and-off community outage lasting 24 hours, although the blockchain seems to be up and working once more now. 

Celo is an open-source blockchain that permits customers with telephone numbers to make funds with crypto through the use of their telephone numbers as a proxy for public keys.

Celo updated its Twitter followers after the community got here again on-line, noting it was the community’s first outage for the reason that mainnet launch on April 22, 2020, and that it has begun a “thorough and expedited technical evaluation” to unravel the problem.

The protocol made the preliminary announcement that the community had stalled on July 14 at 12:04 am (UTC) at block 14,035,019, assuring that “all funds are secure.”

It resumed round 9 hours later for a number of minutes earlier than pausing once more at block 14,035,045.

As on the time of writing, the community seems to be up and working once more following an improve of its validator nodes to model 1.5.8, in accordance with a Celo block explorer.

Replace: Celo validators have resolved the community’s first outage since mainnet launch on April 22, 2020. A radical and expedited technical evaluation is ongoing and particulars shall be readily shared with the Celo group.

— Celo (@CeloOrg) July 15, 2022

On the protocol’s Discord channel, one of many community’s validators with the username “Dee” mentioned they noticed the newest outage as “a part of the rising pains” of the community however that they remained assured within the fundamentals because it was the primary community halt in over two years.

“Even Visa had some community outage over the previous two years regardless of being a market chief in funds for over 60 years.”

The Celo protocol’s whitepaper claims that it allows customers to ship funds “as simple as sending a textual content message.” The community touts a mean block time of 5 seconds, is Ethereum Digital Machine Appropriate, and helps good contracts and decentralized functions.

Associated: Celo Foundation proposes to deploy Uniswap v3 on its native blockchain

The Celo community can also be the protocol behind three stablecoins — Celo {Dollars} (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL) in addition to its native token Celo (CELO).

Earlier this week, the Helium community suffered a four-hour outage attributable to validator outages from a software program replace, inflicting delayed transaction finality.

On June 1, the Solana community suffered yet another outage, inflicting block manufacturing to halt for 4 and a half hours. It was certainly one of seven community outages during the last 12 months.



Source link

Related articles

Alex Tapscott’s ‘Digital Asset Revolution’

Alex Tapscott’s ‘Digital Asset Revolution’

July 15, 2022
Ethereum devs confirm the perpetual date for The Merge

Ethereum devs confirm the perpetual date for The Merge

July 15, 2022
Share76Tweet48

Related Posts

Alex Tapscott’s ‘Digital Asset Revolution’

Alex Tapscott’s ‘Digital Asset Revolution’

by The Crypto Traders Hub Team
July 15, 2022
0

Decentralized finance (DeFi) has large potential to remodel conventional monetary providers. Knowledge from Emergen Analysis not too long ago found that...

Ethereum devs confirm the perpetual date for The Merge

Ethereum devs confirm the perpetual date for The Merge

by The Crypto Traders Hub Team
July 15, 2022
0

Ethereum community is nearing the merger section of its essential transition from proof-of-work (PoW) mining consensus to proof-of-stake (PoS)....

Cred Protocol unveils its first decentralized credit scores

Cred Protocol unveils its first decentralized credit scores

by The Crypto Traders Hub Team
July 15, 2022
0

Cred Protocol, a decentralized credit score scoring startup has unveiled the outcomes of its first automated credit score scoring...

BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion

OpenSea lays off 20% of its staff, citing ‘crypto winter’

by The Crypto Traders Hub Team
July 14, 2022
0

The bear market in Bitcoin and altcoins has had a adverse impression on staffing ranges at main crypto corporations,...

Data transfer network Plaid integrates 4 major crypto exchanges

Data transfer network Plaid integrates 4 major crypto exchanges

by The Crypto Traders Hub Team
July 14, 2022
0

United States information switch community Plaid has added 4 main cryptocurrency exchanges to its platform, giving customers the flexibility...

Load More

  • Trending
  • Comments
  • Latest
Bitcoin stabilizes after falling below US$40K amid China regulation concerns – National

Bitcoin stabilizes after falling below US$40K amid China regulation concerns – National

June 3, 2021
What’s going on with ethereum? Cryptoccurency’s meteoric price rise is oupacing bitcoin’s 3-to-1 in 2021

What’s going on with ethereum? Cryptoccurency’s meteoric price rise is oupacing bitcoin’s 3-to-1 in 2021

April 30, 2021
2021 Botsfolio Review • Pros, Cons + More • Benzinga

2021 Botsfolio Review • Pros, Cons + More • Benzinga

April 28, 2021
Orbit CEO Monk’s Journey in the Trading World

Orbit CEO Monk’s Journey in the Trading World

March 17, 2022
We’re All Crypto People Now

We’re All Crypto People Now

0
Bitcoin news LIVE – Cryptocurrency plunges below $50,000 over Biden ‘tax raid’ fears as Safemoon and Dogecoin also hit

Bitcoin news LIVE – Cryptocurrency plunges below $50,000 over Biden ‘tax raid’ fears as Safemoon and Dogecoin also hit

0
How to Transfer Bitcoin from Paypal [1 8084009529] How to Transfer Bitcoin from Paypal

How to Transfer Bitcoin from Paypal [1 8084009529] How to Transfer Bitcoin from Paypal

0
Ethereum Co-Founder Donates Rs. 4.5 Crores For COVID-19 Relief in India

Ethereum Co-Founder Donates Rs. 4.5 Crores For COVID-19 Relief in India

0
Robot. Trade LLC Offers a 30-day Free Trial to Develop a Best Crypto Trading Bot

Robot. Trade LLC Offers a 30-day Free Trial to Develop a Best Crypto Trading Bot

October 8, 2022
After 2 Years of Debate, Europe Finalizes Landmark Crypto Rules

After 2 Years of Debate, Europe Finalizes Landmark Crypto Rules

October 8, 2022
EDX exchange is Wall Street’s latest venture into crypto

EDX exchange is Wall Street’s latest venture into crypto

October 8, 2022
Brazillian Police Raid ‘Bitcoin Sheikh’ for Defrauding Victims of $766M: Report

Brazillian Police Raid ‘Bitcoin Sheikh’ for Defrauding Victims of $766M: Report

October 8, 2022

Recent News

Robot. Trade LLC Offers a 30-day Free Trial to Develop a Best Crypto Trading Bot

Robot. Trade LLC Offers a 30-day Free Trial to Develop a Best Crypto Trading Bot

October 8, 2022
After 2 Years of Debate, Europe Finalizes Landmark Crypto Rules

After 2 Years of Debate, Europe Finalizes Landmark Crypto Rules

October 8, 2022
EDX exchange is Wall Street’s latest venture into crypto

EDX exchange is Wall Street’s latest venture into crypto

October 8, 2022

Categories

  • Altcoin Tradings
  • Altcoins
  • Bitcoin
  • Brokers
  • Coin Overviews
  • Crypto Tech
  • Crypto Trading bot
  • Cryptocurrency Exchange
  • Ethereum
  • Market
  • Podcast
  • Policy & Regulation
  • Ripple
  • Uncategorized
  • Videos

Crypto/Bitcoin Currency Converter

Cryptocurrency Prices by Coinlib

Contact Us

  • Privacy & Policy
  • About Us
  • Contact Us

© 2021 Copyright The Crypto Traders Hub

No Result
View All Result
  • Home
  • News
    • Tech
    • Policy & Regulation
    • Market
    • Bitcoin
    • Ethereum
    • Ripple
    • Altcoins
  • 101 Guides
    • Coin Overviews
    • Altcoin Tradings
  • Review
    • Exchange
    • Wallet
    • Brokers
    • Crypto Trading bots
  • Videos
  • Podcast

© 2021 Copyright The Crypto Traders Hub