Stellar Network Suffers Outage

As of writing, the Stellar network’s latest transactions were more than six hours old, according to data from the блокчейн-обозревателя.

According to the страницу технического статуса, some validators have disconnected from the network, and developers are working on a fix. Details and the expected restoration of blockchain operation are not specified.

Bitfinex CTO Paolo Ardoino said withdrawals of XLM, the native cryptocurrency of the Stellar project, had been halted.

Seems stellar network $XLM has having issues. @bitfinex withdrawals are pauses. https://t.co/2WUMMWIi6S

— Paolo Ardoino (@paoloardoino) April 6, 2021

Bitstamp has taken a similar approach.

We’ve temporarily stopped $XLM deposits and withdrawals due to issues on the @StellarOrg network. We are monitoring the situation and will keep you updated. Stellar’s status page: https://t.co/iL7a31OgaL

— Bitstamp (@Bitstamp) April 6, 2021

The technical issues have not prevented the token’s price from rising 6.4% over the last 24 hours at the time of writing, according to CoinGecko. In the top-15 by market capitalization, the asset ranked 13th, rising behind only XRP (+34%), Cardano (+6.6%) and Litecoin (+9%).

On March 2, Stellar developers activated the Horizon 2.0 update, which added flexibility and ease of use for users working in this ecosystem.

Earlier, on December 4, 2020, the Solana network was down for six hours due to a bug.

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