Ripple CEO: US Regulators Need To “Step Up And Lean Into Digital Currencies” Bitfury’s Bitcoin Mining Programme Allows New Institutional Investment Swiss Government Supports Blockchain Startups Offering Over $10 Million USD The Top 5 Cryptocurrencies to Mine [2020] Coldplay Bassist Launches Into Cryptocurrency, Backing New App The Coinbase Pump: OmiseGo (OMG) Sees A Massive Surge JPMorgan: Digital Currency Threat To Dollar Domination Coinbase Adopts A Remote-First Approach After Lockdown Lifts Bank Of France Successfully Launches Blockchain-Based Project Supernodes Across Europe Attacked By Cryptojackers To Illicitly Mine Monero Andreessen Horowitz On Crypto Entrepreneurs: “Excited To See What They Build”

7h
coininsider

Bitcoin Presents Good Opportunities To Short

7h
cryptodaily

Beware of False Bottoms: Comparing Bitcoin and the S&P 500 to 1929’s Great Depression

7h
bitcoinist

Never Let Another Arbitrage Opportunity Pass Again with 24/7 Bitbengrab Trading » The Merkle News

7h
cryptonewmedia

Crypto-Powered Brave Browser Launches Privacy-Centered Zoom Competitor

7h
cryptoglobe

Goldman Sachs Still Has No Love for Bitcoin, but Market Does Not Seem to Care

7h
cryptoglobe

BitGreen Initiative is Folding@Home to Fight COVID-19.

8h
cryptodaily

CryptoKitties Creator Debuts NBA Game on Its Own Blockchain

8h
cryptonewmedia

Is Bitcoin Leveraged Trading Only For Veterans and Where Should Beginners Turn to?

8h
nulltx

A High-Profile Acquisition Shows Bitcoin Demand from Institutions is Surging

8h
bitcoinist

Justin Sun: “Craig Wright is a fraud.”

8h
cryptodaily

Breaking: Goldman Sachs Includes Bitcoin Alongside Gold In Client Call

8h
coingape

Governor of France’s Central Bank ‘Pleased’ with Negative Interest Rates

8h
beincrypto

How a Trader Lost $1,200 in 100 Seconds » The Merkle News

8h
cryptonewmedia

The unpredictable nature of BTC following its halving. Could it hit $1m in the next 10 years?

9h
cryptodaily

Crypto.Com Exchange Extends Its Card To Over 30 Countries In Europe

9h
coingape

Three New Crypto Exchanges That Rival the Big Guns

9h
cryptonewmedia

RBI brings clarity to bitcoin situation in India

9h
cryptodaily

No, Goldman Sachs Doesn’t Think Bitcoin is the Next Big Thing

9h
newsbtc

Internal Struggle at the Biggest Bitcoin Mining Equipment Manufacturer Persists

9h
newsbtc

AMZN Stock Down 0.16% Now, Amazon in Talks to Buy Zoox

9h
cryptonewmedia

Bitcoin Whales Prop Up Crypto Markets As Bulls Regain $9,000

9h
zycrypto

Goldman Sachs Says Bitcoin ‘Not Suitable Investment’ in Hyped Client Call

9h
beincrypto

Bitcoin Jumps $9,100 as Dow Prepares For Massive 400-Point Open

10h
newsbtc

Coinbase Outbids Binance to Acquire Crypto Prime Broker Tagomi in All-Stock Deal

10h
cryptoglobe


Stellar Node Outage Causes Two-Hour Complete Transaction Freeze

Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media.

Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 minutes Wednesday.

The cause, it appears, was a mass offlining of Stellar Development Foundation (SDF) nodes, which the majority of the network trusts.

Accordingly, other participants failed to find consensus for blocks, and no transactions were validated until developers resolved the issue.

“I really hope we’ll get a real debate about decentralization after this event. And about the strategies to achieve this decentralization,” the user, Reddit user u/cryptobrant, commented after flagging the issue. The user continued:

“The more the network grows and the more newcomers trust always the same nodes, the more difficult it will get to achieve decentralization.”

XLM saw significant volatility around the time of the outage, nonetheless recovering to surge 23% in the 24 hours to press time. Current XLM/USD prices of $0.148 mark the token’s best performance since early December.

Stellar, nonetheless, did not escape criticism over its structure from elsewhere in the cryptocurrency industry, former blockchain consortium R3 executive Tim Swanson further suggesting it had limited appeal as a platform.

“What basically happened was that a critical mass of nodes went down causing a cascading failure and so the entire network went down but because it isn’t frequently used, few noticed,” he summarized on Twitter.

In an apparent bid to increase awareness, Stellar had partnered with wallet provider Blockchain.com on a $125 million token giveaway in November last year.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments