According to the verified incident summary, stake pool operators and exchanges were the first to detect abnormal behavior on the network. The investigation and fix were coordinated among independent ecosystem teams rather than through a centralized command structure, and node operators chose on their own whether to adopt the patched software.

Supporters argue this response was a practical demonstration of decentralization: the network continued functioning because enough operators implemented the fix voluntarily.

Social Media Narratives Created Confusion

Before an official statement arrived, conflicting explanations began circulating online, ranging from rumors of a chain rollback to claims that a single malicious transaction shut down the blockchain. Some users even suggested the event was caused by an attack generated by AI.

All of these narratives added fuel to uncertainty long before an accurate technical summary was available.

Official Clarification Arrived After Online Speculation

Once the community debate had already escalated, Cardano founder Charles Hoskinson released a breakdown addressing the most common claims. The summary stated that:

Cardano mainnet did not shut down
The protocol was not compromised
The issue was caused by a rare node implementation edge case

The clarification described the slowdown as an operational incident rather than a protocol failure.

Different Reports, Same Event

Not every report described the issue with the same framing. Intersect, a Cardano ecosystem organization, said the slowdown involved node divergence and described it as a chain split. The official incident summary characterized the occurrence differently, saying Ouroboros consensus continued to secure the network because valid nodes eventually outweighed invalid ones.

Despite differences in terminology, both reports agree that the network continued operating.

Price and Technical Outlook

Cardano is currently trading around $0.414, sitting close to its lowest level since the June recovery phase. Momentum remains weak on the 4-hour timeframe, with the RSI hovering near 37, indicating persistent bearish pressure but not yet extreme oversold conditions. The MACD histogram is flat near the zero line, signaling fading downside momentum but no confirmed bullish reversal.

If ADA fails to stabilize above the $0.40 support area, the next demand zone appears around $0.36–$0.38. A recovery would require a break above $0.48–$0.50 resistance, which also aligns with the mid-RSI band and recent lower-high structure. Until that happens, the technical bias remains bearish to neutral, though short-term relief bounces are possible given how extended the trend has become.

Full Review Still Incoming

Intersect stated that a full post-incident retrospective is underway and that improvements will be published so similar events can be detected earlier. The organization added that recovery mechanisms functioned as expected and that coordination among operators was effective under pressure.

The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.

The post Cardano Network Shutdown Causes Panic as Official Report Denies Failure appeared first on Coindoo.

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Filed under: Bitcoin - @ November 23, 2025 8:24 pm