- ZetaChain mainnet block production halted due to a consensus failure from the v20.0.6 update.
- Validators return to the stable v20.0.5 version, with network resumption expected soon after resync.
- ZETA token experienced a price drop and bearish signals in the market amid the network downtime.
The ZetaChain mainnet stopped producing blocks for four hours, according to ZetaScan data. The last transaction occurred at block 5,529,896. The ZetaChain team attributed the network interruption to a consensus failure related to a software update.
Software Update Causes Consensus Issue
The outage followed the release of v20.0.6, a software update initially sent to a group of validators within the network. This update caused a consensus issue, preventing validators from reaching an agreement on block production.
The ZetaChain team responded by switching their validators to the previous node software version, v20.0.5, and asking community members to do the same. Over 60% of users have switched to v20.0.5, contributing to partial network participation.
Read also: Animoca Brands Joins ZetaChain, Backs NFTs Over Meme Coin Hype
However, the remaining validators, many of whom tried to operate with the consensus-breaking v20.0.6 update, are recovering from network backups.
The ZetaChain team stated that the network will resume regular block production once the validators finish resyncing. A full network restoration is expected soon, with another update planned in approximately 60 minutes.
ZETA Token Price Fluctuates During Network Downtime
Following these technical issues, the price of ZetaChain’s token, ZETA, fluctuated. ZETA was trading at $0.6643, down 5.87% over the past 24 hours. ZETA’s market capitalization rose to approximately $343.99 million, a 6.02% increase, while trading volume jumped to $116.05 million.
Additionally, the MACD indicator has shown a bearish momentum, with the MACD line crossing below the signal line, suggesting selling pressure.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
