After nearly 24 hours, the Celo blockchain is back up and running after an upgrade was distributed to its validators. The network however is still yet to identify the issue that caused the outage.
Proof-of-stake-based blockchain Celo has been suffering from an on-and-off network outage lasting 24 hours, though the blockchain appears to be up and running again now.
Celo is an open-source blockchain that enables users with phone numbers to make payments with crypto by using their phone numbers as a proxy for public keys.its Twitter followers after the network came back online, noting it was the network’s first outage since the mainnet launch on April 22, 2020, and that it has begun a “thorough and expedited technical analysis” to get to the bottom of the issue.
The protocol made the initial announcement that the network had stalled on July 14 at 12:04 am at block 14,035,019, assuring that “all funds are safe.”As at the time of writing, the network appears to be up and running again following an upgrade of its validator nodes to version 1.5.8, according to a Celo blockUpdate: Celo validators have resolved the network’s first outage since mainnet launch on April 22, 2020.
“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 enables users to send payments “as easy as sending a text message.” The network touts an average block time of five seconds, is Ethereum Virtual Machine Compatible, and supports smart contracts and decentralized applications.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Opera in the Italian Garden returns July 24This family-friendly concert of famous music from well-known operas and Broadway musicals is a perfect summer evening, featuring two of Cleveland’s most prestigious artistic organizations -- The Cleveland Opera and Cleveland Ballet.
Read more »
Used ASTON MARTIN VULCAN | 1 OF 24 WORLDWIDE for saleBuilt in a strictly limited run of just 24 cars and delivered to customers throughout 2016, the 820BHP Aston Martin Vulcan was conceived and engineered to deliver the excitement and exceed the performance of Aston Martin’s Le Mans-winning race cars. - Chassis No. AMLVULCANXXXXXX15 - Finished in Ceramic Grey with Blue Accents and a Black Interior. - Chassis No. 15 was the final AM Vulcan to be sold new by Aston Martin VIP Sales. The Vulcan can be converted for road registration. Please get in touch for further information and pricing. Delivered new in August 2016 1 Owner 90KM Track only Aston Martin Supercar Build number 15 of 24 cars Carbon fibre tub based on One-77 technology built by Multimatic Integrated FIA-compliant high strength steel roll cage subframe to package the transmission, suspension and increased loading from rear wing Aston Martin Racing-built 7.0 Litre V-12 engine Factory rated at 820 horsepower Xtrac 6-speed sequential gearbox Sachs competition clutch Cosworth electronic control unit Engine features 3-position adjustable power outputs Inconel and titanium side exhaust Magnesium casing Torque Tube driveshaft with carbon fibre propeller shaft 4-way adjustable pushrod double wishbone suspension Anti-dive geometry on front suspension Anti-squat and anti-lift geometry on rear suspension Brembo Carbon Ceramic Racing Disc brakes Bosch M4 motorsport driver-adjustable 11-position anti-lock-braking system APP-Tech 19-inch 10-spoke Satin Black forged alloy wheels Michelin Pilot Sport Cup 2 tires Recaro full carbon fibre frontal head restraint compatible racing seats Schroth 6-point racing harness AP Racing adjustable pedal box Adjustable steering column Bespoke carbon fibre steering wheel with starter button, neutral, pit lane limiter, indicator, flash-to-pass, adjustable ABS, traction control, wipers and paddle shifters Cosworth Omega dash and data acquisition system with data download port LED headlamps with Daytime Running Lights, Directional Indicator, M
Read more »
Beginner astronomers save 24% on the Celestron PowerSeeker EQ telescope bundleThe perfect beginner Celestron telescope for entry-level, bargain-hunting astronomers now with 24% off during Prime Day.
Read more »
USD/JPY retreats after hitting a fresh 24-year highThe USD/JPY jumped after the release of the US June CPI to 137.86, reaching a fresh 24-year high. After the beginning of the American session pulled b
Read more »
Shiba Inu's BONE Trading Volume Hit 83% Within 24 Hours of Listing on Canadian ExchangeCanadian exchange reports 83% of Shiba Inu's BONE trading volume 24 hours after listing SHIB SHIBCommunity ShibArmy $BONE Bone Boneshibaswap Bonearmy Shibarium
Read more »
24 Hours With Kate HudsonThe InBloom founder on functional movement, the blush she’s been using since 2004, and why a hand-held fan is the MVP of her skincare routine.
Read more »