The post Popular Layer-1 Blockchain Network Experiences Outage in Deposits and Withdrawals! Here Are the Details appeared on BitcoinEthereumNews.com.

ZetaChain (ZETA) experienced a six-hour outage during which deposits and withdrawals were temporarily suspended. ZetaChain Restores Services After Six-Hour Network Outage Due to Validator Update Issue The outage was triggered by a consensus bug that caused an unexpected issue after a new update was applied to a small number of validators. To resolve this, the network was rolled back to node software version v20.0.5 to restore stability. After the successful return, ZetaChain has resumed deposits and withdrawals, and all network functions are operating normally. The ZetaChain team expressed its commitment to maintaining reliable operations and ensuring smooth updates in the future. ZetaChain (ZETA) is a Layer-1 blockchain network that creates significant opportunities for the Web3 ecosystem with its innovative technology and interoperability-based omichain structure. ZetaChain, considered one of the top Layer-1 projects, is compatible with all blockchain networks, from smart contract platforms like Ethereum (ETH) to those that are not smart contract-friendly like Bitcoin (BTC). ZetaChain’s smart contracts can manage data and funds across all these networks with a single contract, simplifying the process, reducing costs, and increasing security for both developers and users. This unlimited interoperability makes ZetaChain the perfect address for developers and users who want to interact with the entire crypto ecosystem. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/popular-layer-1-blockchain-network-experiences-outage-in-deposits-and-withdrawals-here-are-the-details/

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Filed under: News - @ November 1, 2024 9:26 am