Key Points:
Lasting for nine hours and 32 minutes, the disruption was resolved after dYdX released a software fix for a critical bug. Despite the halt off dYdX Chain block production, the perpetual futures decentralized exchange (DEX) remained functional throughout the ordeal.
This outage marks the first major disruption since the launch of dYdX version 4 and its standalone Cosmos blockchain in October. The incident, triggered by a glitch in the IAVL library of Cosmos, caused state corruption during the upgrade process, as reported by Blockworks. Scheduled maintenance for the dYdX Chain was completed at 6:30 a.m. UTC, but issues arose just 20 minutes later.
The dYdX team swiftly addressed the issue, emphasizing that the fix would not compromise compatibility with earlier versions of the blockchain. Engineers immediately began debugging, ultimately implementing a fix by 4:23 p.m. UTC. By midday Monday, with enough validators on board, dYdX Chain block production resumed.
The disruption underscores the challenges inherent in maintaining blockchain networks, with dYdX joining recent examples like Solana and Polygon zkEVM in experiencing significant interruptions.
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. |
Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…
With the platform facing a cracked whip, Trump Media company is expanding into new business…
Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…
Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…
SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…
The MicroStrategy convertible notes offering, initially set at $1.75 billion, was increased to $2.6 billion…
This website uses cookies.