Zilliqa restores blockchain after failures with block generation

Zilliqa Network Restored After Block Generation Issues

Zilliqa developers have successfully restored network functionality after experiencing problems with block generation. The team is actively monitoring the network’s stability and working to identify the root cause of the recent outages.

ZIL Token Reacts to Network Resumption

Following the news of the network’s resumption, Zilliqa’s native token, ZIL, experienced a slight decrease in value. According to CoinMarketCap data, the coin saw a 1.8% drop in the last 24 hours. Despite this, token trading volume surged by 7% to over $15 million, indicating a potential increase in selling activity among traders.

Technical Challenges and Continual Network Monitoring

On May 8, the network faced slowdowns in block generation, leading to a temporary halt in transaction processing. Despite efforts to address the issues and release necessary updates, developers admitted that the root causes of network disruptions had not been completely resolved by the evening of May 9. However, assurances were given that user funds remained secure and accessible through the blockchain explorer.

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