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Proof of stake-based blockchain Celo has been plagued by 24-hour on and off network outages, but the blockchain now appears to be up and running again.
Celo is an open source blockchain that allows users with phone numbers to make payments in cryptocurrencies by using their phone number as a proxy for public keys.
Cyril Has been updated After the network came back online, Twitter followers were the first outage of the network since the launch of the mainnet on April 22, 2020, and were “thorough and quick” to reach the root of the problem. I pointed out that I started “Technical Analysis”.
The protocol first announced that the network was shut down at block 14,035,019 on July 14th at 12:04 am (UTC), ensuring that “all funds are safe”.
It resumed for a few hours after about 9 hours Minutes Before pausing again at blocks 14,035,045.
According to the Celo block, at the time of writing, after upgrading the validator node to version 1.5.8, the network appears to be up and running again. Adventurer..
Update: Celo Validator has resolved the first outage of the network since the launch of the mainnet on April 22, 2020. A thorough and rapid technical analysis is underway and details will be easily shared with the Celo community.
Cyril (@CeloOrg) July 15, 2022
On the Protocol’s Discord channel, one of the network validators with username “Dee” saw the latest outage as “part of the increasing pain” of the network, but because it was the first network outage. He said he was confident in the fundamentals. More than 2 years.
“Even Visa has been a payments market leader for over 60 years, but the network has been down for the past two years.”
A white paper on the Celo protocol claims that users can send payments “as easily as sending a text message.” The network advertises an average block time of 5 seconds, is compatible with Ethereum virtual machines, and supports smart contracts and decentralized applications.
Related: Celo Foundation proposes to deploy Uniswap v3 to native blockchain
The Celo network is also the protocol behind the three stablecoins of Celo Dollars (cUSD), Celo Euros (cEUR), Celo Reals (cREAL), and its native token Celo (CELO).
Earlier this week, a software update stopped the validator, causing the Helium network to shut down for four hours, delaying transaction finalization.
On June 1, the Solana network went down further, and block production stopped for four and a half hours. This was one of seven network outages in the last 12 months.
