CELO Blockchain Had A Serious Technical Problem For More Than 3.5 Hours

CELO Blockchain on the morning of July 14 experienced an unknown problem, resulting in an interruption of operation for more than 3.5 hours.

CELO is a new generation blockchain, using the open source Proof-of-Stake (PoS) consensus protocol and designed to support mobile devices. The project was once expected to be able to compete with other names like Solana, Avalanche, BNB Chain or even Ethereum.

Technical problems on CELO Blockchain

According to the announcement posted on Twitter, Celo blockchain on the morning of July 14 had a serious technical problem, making it impossible for the blockchain to generate new blocks and process transactions.

Data from Celoscan is currently only updated to block number 1403518.

Celo has not yet announced the reason for the problem as well as the solution.

The CELO price did not see much of a negative change, around $0.85, with the 24-hour trading volume on Binance being quite low.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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