News

Cosmos Hub Outage Causes Blockchain Downtime for 4 Hours

Key Points:

  • Cosmos Hub outage occurred for nearly 4 hours during a v17 upgrade but has now resumed normal operations.
  • Informal Systems and Hypha Cosmos will release a post-mortem report detailing the outage and fixes.
  • Similar blockchain outages occurred this year, including nine hours for dYdX Chain and five hours for Solana.
The Cosmos Hub blockchain experienced an unexpected nearly 4-hour outage early this morning but has since resumed normal operations.

Cosmos Hub Outage Occurs During V17 Upgrade

The Cosmos Hub outage occurred during the v17 upgrade, where Hub validators addressed a security vulnerability in the Liquid Staking Module.

According to Cosmos Hub, the issue that caused the outage has been resolved, and the blockchain is now producing blocks again. Informal Systems and Hypha Cosmos will release a detailed post-mortem report shortly, providing comprehensive insights into the Cosmos Hub outage and the steps taken to rectify the situation.

Cosmos Hub, the first blockchain in the Cosmos Network, operates on a proof-of-stake consensus mechanism powered by the ATOM coin. This method allows network participants to “stake” their ATOM coins, earning incentivized rewards that promote the network’s operations. The Cosmos Hub is also known for providing tools and libraries for building blockchain applications.

Recent Blockchain Outages Highlight Upgrade Challenges

This incident follows similar disruptions in other blockchain networks this year. In April, the dYdX Chain, which underlies the dYdX perpetual futures exchange, experienced a significant outage lasting over nine hours due to a scheduled upgrade to version 4. The outage was caused by a bug fix from the Cosmos IAVL library that was incorrectly implemented, leading to network state corruption during the upgrade.

Additionally, Solana faced an outage earlier this year, with block production halted for over five hours before validators managed to restart the network.

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.

Recent Posts

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

4 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

7 hours ago

Bitcoin Quantum Computing Threat Expected to Take Decades

The Bitcoin quantum computing threat is years away, but reserves already support post-quantum signatures via…

7 hours ago

Best New Meme Coins to Invest in Today: BTFD Coin Wows Investors with Unmissable Stage-7 Price Reversal as Book of Meme and Snek Crash

Don't miss BTFD Coin's Stage-7 presale dip! Find out why it's leading the pack of…

7 hours ago

Crypto Hedge Funds Banking Issues Persist Over Recent Years

A WSJ survey reveals crypto hedge funds banking issues over three years, with 120 out…

7 hours ago

GraniteShares Crypto ETFs Target U.S. Crypto-Related Stocks

GraniteShares Crypto ETFs aim to offer leveraged exposure to crypto-focused stocks like Riot Platforms and…

8 hours ago

This website uses cookies.