The post ZetaChain Restores Operations Following Consensus Failure appeared on BitcoinEthereumNews.com.

ZetaChain experienced a six-hour outage due to a consensus failure. Network operations have resumed, ensuring all pending transactions will be processed. ZetaChain (ZETA), an interoperability-focused Layer-1 blockchain, experienced a six-hour outage on Thursday, halting deposits and withdrawals. The network’s interruption was caused by a consensus failure linked to a recent update deployed to a limited number of validators, necessitating a rollback to node software version 20.0.5. At approximately 11:53 p.m. UTC, ZetaChain’s operations were halted due to this technical issue. The network’s team promptly identified the problem and began efforts to rectify it. By around 6:00 a.m. UTC, ZetaChain confirmed via its website that block production had resumed, allowing normal network activities to continue. Meanwhile, “We will share a post-mortem tomorrow when we’ve reviewed the incident and replicated the root cause using a development environment,” ZetaChain stated. Despite the temporary suspension, Zeta Chain assured users that it would eventually process all pending transactions. However, the network later issued a notification regarding delays in cross-chain transactions resulting from the outage. Following the restoration of its mainnet, Zeta Chain encountered additional challenges as its testnet also faced issues, ceasing block production due to the same underlying problems observed on the mainnet. At 6:25 a.m. UTC, the network announced it was resyncing testnet validators to address the situation. Zeta History ZetaChain launched its mainnet earlier this year with a mission to create the “first universal blockchain,” designed to facilitate seamless integration across various networks, including Bitcoin, Polygon, and Ethereum. This ambitious project has attracted considerable attention and investment, raising $27 million in August 2023 from notable backers such as Blockchain.com, Human Capital, VY Capital, Sky9 Capital, and Jane Street Capital. As ZetaChain continues to address these technical challenges, stakeholders in the digital asset ecosystem are keenly observing the developments. It is especially regarding…

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Filed under: News - @ November 1, 2024 2:24 pm