Proof-of-stake-based blockchain Celo has been affected by an on-and-off network outage lasting 24 hours, although the blockchain seems to be up and working once more now.
Celo is an open-source blockchain that allows customers with telephone numbers to make funds with crypto through the use of their telephone numbers as a proxy for public keys.
Celo up to date its Twitter followers after the network got here back online, noting it was the network’s first outage because the mainnet launch on April 22, 2020, and that it has begun a “thorough and expedited technical analysis” to unravel the problem.
The protocol made the preliminary announcement that the network had stalled on July 14 at 12:04 am (UTC) at block 14,035,019, assuring that “all funds are safe.”
It resumed round 9 hours later for a number of minutes earlier than pausing once more at block 14,035,045.
As on the time of writing, the network seems to be up and working once more following an improve of its validator nodes to model 1.5.8, based on a Celo block explorer.
Update: Celo validators have resolved the network’s first outage since mainnet launch on April 22, 2020. A radical and expedited technical evaluation is ongoing and particulars might be readily shared with the Celo neighborhood.
— Celo (@CeloOrg) July 15, 2022
On the protocol’s Discord channel, one of many network’s validators with the username “Dee” stated they noticed the most recent outage as “part of the growing pains” of the network however that they remained assured within the fundamentals because it was the primary network halt in over two years.
“Even Visa had some network outage over the past two years despite being a market leader in payments for over 60 years.”
The Celo protocol’s whitepaper claims that it allows customers to ship funds “as easy as sending a text message.” The network touts a median block time of 5 seconds, is Ethereum Virtual Machine Compatible, and helps sensible contracts and decentralized purposes.
Related: Celo Foundation proposes to deploy Uniswap v3 on its native blockchain
The Celo network can also be the protocol behind three stablecoins — Celo Dollars (cUSD), Celo Euros (cEUR) and Celo Reals (cREAL) in addition to its native token Celo (CELO).
Earlier this week, the Helium network suffered a four-hour outage as a result of validator outages from a software program replace, inflicting delayed transaction finality.
On June 1, the Solana network suffered yet one more outage, inflicting block manufacturing to halt for 4 and a half hours. It was certainly one of seven network outages during the last 12 months.
