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.

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.

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