The decentralized cross-chain transaction protocol THORChain says the network has been disrupted and has identified the likely cause due to a unique transaction type. The network is still learning more and restarting with an update in the next few hours.

At the end of October 27, Decentralized Cross-Chain Transaction Protocol THORChain announced its outage, consensus in distributed state machine stopped from unknown sources among different nodes and prevent damage to the ledger and solvency.

The network has also identified a possible initial cause of a unique transaction type, which has nothing to do with solvency. The network is still investigating the cause of the problem and is working on a restart once the update is released.

THORChain is a decentralized cross-chain liquidity protocol built on top of Tendermint & Cosmos-SDK. The network provides a liquidity solution, instant swap of crypto assets within the network.

THORChain’s RUNE token recorded a 1.73% drop in 24h and is currently trading at $1.52.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

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# Cryptocurrencies

crosschain

crypto

Network Outage

RUNE

Thorchain

Author

Victor

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DeFi

THORChain Has Outage, Update Will Be Released In A Few Hours

The decentralized cross-chain transaction protocol THORChain says the network has been disrupted and has identified the likely cause due to a unique transaction type. The network is still learning more and restarting with an update in the next few hours.

At the end of October 27, Decentralized Cross-Chain Transaction Protocol THORChain announced its outage, consensus in distributed state machine stopped from unknown sources among different nodes and prevent damage to the ledger and solvency.

Consensus halts in a distributed state machine are from sources of non-determinism between individual nodes and prevent the ledger from becoming corrupted.

Next steps:
1) Find source of non-determinism
2) Release update
3) Restart state machine

(1) is close https://t.co/sS4EMbYcOQ

— THORChain (@THORChain) October 27, 2022

The network has also identified a possible initial cause of a unique transaction type, which has nothing to do with solvency. The network is still investigating the cause of the problem and is working on a restart once the update is released.

THORChain is a decentralized cross-chain liquidity protocol built on top of Tendermint & Cosmos-SDK. The network provides a liquidity solution, instant swap of crypto assets within the network.

THORChain’s RUNE token recorded a 1.73% drop in 24h and is currently trading at $1.52.

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.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Foxy

CoinCu News

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