Proof-of-stake- (PoS)-based blockchain Celo continues to be struggling with an on-and-off network outage lasting 24 hrs, although the blockchain seems to ready to go again.
Celo is definitely an open-source blockchain that allows users with phone figures to create payments with crypto using phone figures like a proxy for public keys.
Celo updated its Twitter supporters following the network returned online, noting it had been the network’s first outage because the mainnet launch on April 22, 2020, which has started a “thorough and expedited technical analysis” to get at the foot of the problem.
The protocol made the first announcement the network had stalled on Thursday at 12:04 am UTC at block 14,035,019, assuring that “all money is safe.”
It started again around nine hrs later for a few minutes before pausing again at block 14,035,045.
During the time of writing, the network seems to ready to go again following upgrading of their validator nodes to version 1.5.8, according to some Celo block explorer.
Update: Celo validators have resolved the network’s first outage since mainnet launch on April 22, 2020. An intensive and expedited technical analysis is ongoing and details is going to be readily distributed to the Celo community.
— Celo (@CeloOrg) This summer 15, 2022
Around the protocol’s Discord funnel, among the network’s validators using the username “Dee” stated they saw the most recent outage as “part from the growing pains” from the network however that they continued to be positive about the basic principles because it was the very first network halt in over 2 yrs:
“Even Visa had some network outage in the last 2 yrs despite as being a market leader in payments for more than six decades.”
The Celo protocol’s white-colored paper claims it enables users to transmit payments “as simple as delivering a text.” The network touts a typical block duration of five seconds, is Ethereum Virtual Machine compatible and supports smart contracts and decentralized applications.
Related: Celo Foundation provides deploy Uniswap v3 on its native blockchain
The Celo network can also be the protocol behind three stablecoins — Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL), along with its native token Celo (CELO).
The 2009 week, the Helium network endured a four-hour outage because of validator outages from the software update, causing delayed transaction finality.
On June 1, the Solana network endured another outage, causing block production to prevent for 4 . 5 hrs. It had been certainly one of seven network outages during the last 12 several weeks.
