Polkadot Ecosystem Experiences Temporary Disruption

Polkadot parachains ceased block production for approximately an hour following a mainnet update, as reported by the Moonbeam team.

At approximately 10:27 am UTC today, a Polkadot runtime upgrade was enacted, which triggered all parachains, including Moonbeam, to stop producing blocks for approximately 1 hour.

— Moonbeam Network (@MoonbeamNetwork) April 21, 2024

Developers of the parachain for EVM-compatible smart contracts stated that operations resumed around 14:36 (Kyiv/MSK).

“The network is currently functioning normally. We await details on the incident from the Polkadot team and will share additional information later,” they added.

Co-founder of the RWA platform DeStore Network, Dustin Lee clarified that the upgrade involved deploying runtime version 1.2.0.

Bill Laboon from the Web3 Foundation noted that the update affected some wallets.

THREAD — @Polkadot #PolkadotDigest 22 Apr 2024#Polkadot News

You may see some issues with staking UIs (showing nominations and rewards) in various wallets. This is just a UI issue, not a problem with staking itself, and no action is needed from users. For details, see…

— Bill Laboon | Web3 Foundation (@BillLaboon) April 22, 2024

“You may encounter some issues with staking interfaces in various wallets. This concerns only the UI, and no action is required from users,” he emphasized.

The price of Polkadot (DOT) remained unaffected by the incident. Over the past 24 hours, the price increased by 4.5%. The coin is trading at approximately $7.4, with a market capitalization exceeding $10 billion.

Back in October 2023, Parity Technologies, the firm behind Polkadot’s development, announced a 30% reduction in its workforce.