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Crypto economy (EN)

01/23/2023

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Cardano (ADA) Network Recovers After a Short Node Outage - Crypto Economy

The developers and users of the Cardano ecosystem reported that the network suffered from an outage over the weekend. However, the issue was automatically fixed within a few minutes after suspension. The...

Cardano (ADA) Network Recovers After a Short Node Outage - Crypto Economy

The developers and users of the Cardano ecosystem reported that the network suffered from an outage over the weekend. However, the issue was automatically fixed within a few minutes after suspension. The cause of the issue is yet to be figured out by the developers. As per the news reported by Cardano stake pool operators (SPO) about half of the network’s nodes stopped working.

Moreover, the engineering and fintech team behind Cardano, Input Output Global shared a Telegram post on January 22. It stated that an anomaly was the cause for disconnection of 50% nodes and then its restart. While explaining the scenario, IOG stated,

“This appears to have been triggered by a transient anomaly causing one of two reactions in the node; some disconnected from a peer, others threw an exception and restarted.”

As per further details, the network anomaly happened between block 8300569 and 8300570. However, the network continued to produce blocks. But it was done at a slower rate. Additionally, most nodes did recover automatically. The network stated that it is still looking for the root cause of the issue. So it can look to implement more secure measures in future.

Cardano Network Recovers After a Short Node Outage

The Cardano Community Reacts to the Outage

Many users of Cardano took it to Twitter and gave their take on the issue. Some were critical of the incident, and argued that it is why decentralization is important for the blockchain sector. On the other hand, some users appreciate Cardano for its resilience. They said that the quick revival of the network indicates its strong fundamentals.

Previously, many other blockchain networks have gone through node suspensions. One of the most renowned networks in this scenario was Cardano’s rival, Solana. Back in 2022, Solana faced several such network outages. However, users are of the view that Cardano’s immediate recovery is a sign that it is a better network than Solana.

The incident did not really impact Cardano’s native coin, ADA. At the time of writing, it is trading at around $0.377. During the last 24 hours, it is down by 0.90%. However, in the last 7 days, the coin has gained a respectable 7.54%. It is currently ranked at number 8 in the list of top cryptocurrencies by market cap, as the overall crypto market looks to enter the bullish phase.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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