Zilliqa Blockchain Faces Critical Situation
The Zilliqa blockchain is currently experiencing a “critical situation” that has disrupted its network, causing a significant drop in daily on-chain transactions. Developers have identified a technical issue that has interrupted block production and are working to resolve the problem.
Network Function Restored
After a period of disruption, Zilliqa announced that the network is now operating normally. The team will provide more information about the issue in due course.
Funds Are Secure
Despite the disruption, developers assure users that their funds are secure. They urge users to temporarily halt any deposits or withdrawals until the issue is fully resolved.
About Zilliqa
Zilliqa is a metaverse and scalability-focused blockchain founded in Southeast Asia in 2017. Its native token, ZIL, experienced a sharp decline but has since recovered most of its losses.
Hot Take: Technical Glitch Impacts Zilliqa Network
The Zilliqa blockchain is facing a critical situation due to a technical glitch, causing disruptions and a significant decrease in on-chain transactions. The development team is actively working to identify and resolve the issue, prioritizing its resolution. Despite the interruption, Zilliqa reassures users that their funds are secure. After some time, the network function was restored to normal operation. Further details about the issue will be provided in due course. Zilliqa, founded in 2017, is a metaverse and scalability-focused blockchain based in Southeast Asia. Although its native token experienced initial losses, it has since recovered most of its value.
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