Stellar Node Outage Causes Two-Hour Full Transaction Freeze

Critics raised questions over decentralization after trusted nodes disabled all the community from discovering consensus.

Blockchain community Stellar (XLM) stopped confirming transactions for 2 hours on Might 15, executives confirmed following a user post on social media.

Stellar, whose lumens token is at the moment the eighth-largest cryptocurrency by market cap, went down fully for round 110 minutes Wednesday.

The trigger, it seems, was a mass offlining of Stellar Growth Basis (SDF) nodes, which the vast majority of the community trusts.

Accordingly, different members failed to seek out consensus for blocks, and no transactions have been validated till builders resolved the difficulty.

“I actually hope we’ll get an actual debate about decentralization after this occasion. And in regards to the methods to attain this decentralization,” the person, Reddit person u/cryptobrant, commented after flagging the difficulty. The person continued:

“The extra the community grows and the extra newcomers belief all the time the identical nodes, the tougher it is going to get to attain decentralization.”

XLM noticed vital volatility across the time of the outage, nonetheless recovering to surge 23% within the 24 hours to press time. Present XLM/USD costs of $0.148 mark the token’s greatest efficiency since early December.

Stellar, nonetheless, didn't escape criticism over its construction from elsewhere within the cryptocurrency trade, former blockchain consortium R3 government Tim Swanson additional suggesting it had restricted enchantment as a platform.

“What mainly occurred was {that a} essential mass of nodes went down inflicting a cascading failure and so all the community went down however as a result of it is not regularly used, few observed,” he summarized on Twitter.

In an obvious bid to extend consciousness, Stellar had partnered with wallet supplier on a $125 million token giveaway in November final 12 months.

Leave a Reply

Your email address will not be published. Required fields are marked *