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News

Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours

April 6, 2023 - Around 2 mins mins to read

Key Points:

  • Moonbeam blockchain has just had a problem causing new blocks to be stopped for 4 hours.
  • The problem was fixed a few hours later.
  • The project will provide details on the event later.
Moonbeam (GLMR), Polkadot’s parachain smart contract project, recently had a problem that caused the protocol to be unavailable for more than 4 hours.
Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours
Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours 2

On April 5, Moonbeam was reported to have failed to build a new block, resulting in a 4-hour and 13-minute pause in transaction processing.

Moonbeam’s team responded swiftly to the occurrence, stating that the development team was attempting to determine the source of the problem.

A few hours later, Moonbeam said that it had discovered the vulnerability and provided an update that fixed 0.30. Block generation will continue until all nodes have updated to v0.30.0. Thus far, the project has verified that the system is backed up and functioning.

The event’s specifics will be announced later, according to the team.

Parachains are self-contained blockchains on Polkadot, the blockchain of blockchains. They are connected to Polkadot’s relay chain and may communicate with other chains both within and outside of Polkadot. They share Polkadot’s security and scalability.

Moonbeam bills itself as a smart contract platform for cross-chain applications, bringing together capabilities from Ethereum, Polkadot, and beyond. That implies that developers may design their own Ethereum-compatible decentralized apps, or dApps, using Moonbeam.

It also includes On-chain governance, Staking, and Cross-chain technological integration.

Users may use Ethereum’s Virtual Machine (EVM), the core of the Ethereum network, which enables developers to write smart contracts and dApps in the Solidity programming language. This will not need users to change or rewrite code.

Moonbeam was founded in 2019 by Derek Yoo, CEO of crypto infrastructure platform PureStake, and Stefan Mehlhorn, and debuted last year as a parachain on Polkadot. The network uses a consensus process known as delegated proof-of-stake (DPoS).

Currently, the price of GLMR does not have too much volatility with the above news.

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

Harold

Coincu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
News

Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours

Key Points:

  • Moonbeam blockchain has just had a problem causing new blocks to be stopped for 4 hours.
  • The problem was fixed a few hours later.
  • The project will provide details on the event later.
Moonbeam (GLMR), Polkadot’s parachain smart contract project, recently had a problem that caused the protocol to be unavailable for more than 4 hours.
Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours
Moonbeam Has A Problem That Stops Generating New Blocks For 4 Hours 4

On April 5, Moonbeam was reported to have failed to build a new block, resulting in a 4-hour and 13-minute pause in transaction processing.

Moonbeam’s team responded swiftly to the occurrence, stating that the development team was attempting to determine the source of the problem.

A few hours later, Moonbeam said that it had discovered the vulnerability and provided an update that fixed 0.30. Block generation will continue until all nodes have updated to v0.30.0. Thus far, the project has verified that the system is backed up and functioning.

The event’s specifics will be announced later, according to the team.

Parachains are self-contained blockchains on Polkadot, the blockchain of blockchains. They are connected to Polkadot’s relay chain and may communicate with other chains both within and outside of Polkadot. They share Polkadot’s security and scalability.

Moonbeam bills itself as a smart contract platform for cross-chain applications, bringing together capabilities from Ethereum, Polkadot, and beyond. That implies that developers may design their own Ethereum-compatible decentralized apps, or dApps, using Moonbeam.

It also includes On-chain governance, Staking, and Cross-chain technological integration.

Users may use Ethereum’s Virtual Machine (EVM), the core of the Ethereum network, which enables developers to write smart contracts and dApps in the Solidity programming language. This will not need users to change or rewrite code.

Moonbeam was founded in 2019 by Derek Yoo, CEO of crypto infrastructure platform PureStake, and Stefan Mehlhorn, and debuted last year as a parachain on Polkadot. The network uses a consensus process known as delegated proof-of-stake (DPoS).

Currently, the price of GLMR does not have too much volatility with the above news.

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

Harold

Coincu News