ZetaChain blockchain suffers outage on account of software program replace glitch

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  • ZetaChain mainnet block manufacturing has been halted on account of a consensus error with the v20.0.6 replace.
  • The validator will revert to a secure v20.0.5 model and the community will likely be again up and working quickly after resyncing.
  • ZETA token skilled a value drop and bearish indicators available in the market amid community downtime.

In keeping with ZetaScan information, ZetaChain mainnet stopped producing blocks for 4 hours. The final transaction occurred in block 5,529,896. The ZetaChain staff attributed the community interruption to a consensus error associated to a software program replace.

Software program updates trigger consensus points

This outage occurred following the discharge of v20.0.6, a software program replace that was first despatched to a gaggle of validators within the community. This replace launched a consensus problem that prevented validators from reaching consensus on block era.

The ZetaChain staff responded by switching validators to the earlier node software program model v20.0.5 and asking neighborhood members to do the identical. Greater than 60% of customers have switched to v20.0.5, contributing to partial community participation.

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Nevertheless, most of the remaining validators try to work with the consensus-breaking v20.0.6 replace and are recovering from community backups.

The ZetaChain staff mentioned that when the validator resynchronization is full, the community will resume regular block era. Full community restoration will likely be full quickly and one other replace is predicted in roughly 60 minutes.

ZETA token value fluctuates throughout community downtime

As a consequence of these technical points, the value of ZetaChain’s token ZETA fluctuated. ZETA was buying and selling at $0.6643, down 5.87% prior to now 24 hours. ZETA's market capitalization elevated by 6.02% to roughly $343.99 million, whereas buying and selling quantity surged to $116.05 million.

Moreover, the MACD indicator is displaying bearish momentum with the MACD line transferring under the sign line, suggesting promoting strain.

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