Zilliqa’s Recent Network Outage and Recovery
Zilliqa, a public blockchain network designed to address scalability challenges, has resumed operations following a network outage caused by synchronization issues with its Look-up nodes. This disruption marks the third occurrence in just a month, raising alarm among investors regarding the network’s reliability.
Details of the Network Recovery
On January 15, Zilliqa temporarily halted transactions due to problems with the synchronization of Look-up nodes, which are crucial for validating transactions and supporting the network. This failure meant that transactions could not be processed on the blockchain. The development team expressed regret for the inconvenience and assured users of a prompt resolution. In their latest communication, Zilliqa confirmed that the network has been fully restored and transactions can now resume. They expressed gratitude to users for their patience during this period. This latest incident follows a series of technical difficulties, including significant bugs in September that led to a pause in block production.
Community Concerns and Developer Responses
Many members of the crypto community reported challenges accessing their funds via Zilliqa’s native wallet, ZilPay. Just days prior to this outage, concerns about issues within the Zil chain were also raised. In response to investor apprehensions, the development team announced plans to implement what they termed a “permanent fix.” The disruptions in September came shortly after the launch of the Zilliqa 2.0 upgrade, which had already sparked doubts about the network’s infrastructure reliability. Zilliqa reassured its community that the ongoing issues are not linked to the recent upgrade, which aims to enhance speed and cross-chain compatibility. Nonetheless, the recurring downtimes have led to skepticism among users, with some expressing fears that potential customers might lose trust in Zilliqa’s dependability.
Upcoming Zilliqa 2.0 Upgrade Scheduled for Q1 2025
Zilliqa is set to roll out its Zilliqa 2.0 upgrade in the first quarter of this year, marking a significant improvement to the blockchain network. This upgrade will enable seamless interactions with EVM-compatible blockchains, fostering the development of multichain applications. Additionally, Zilliqa 2.0 aims to facilitate the adoption of Web3 protocols through scalable smart contracts. The launch of this upgrade is expected to significantly influence the broader acceptance of the ZIL token. Currently, ZIL is trading at $0.02204, reflecting a 3.8% increase over the past 24 hours. The transition from the previous version is already underway with the introduction of the Aventurine Proto-mainnet, which invites the community, including delegators and validators, to explore new features.
Disclaimer
This article aims to provide transparent and impartial reporting on cryptocurrency events. It is essential to note that the information presented should not be construed as financial or investment advice. Given the rapidly changing nature of market conditions, readers are encouraged to verify details independently and consult with a financial professional before making any investment decisions based on this content.
