The Proof-of-Stake-based blockchain Celo experienced a nearly 24-hour-long outage, but it now appears that the problem has been resolved.
The Celo network came to a halt at block #14,035,19 around 6:20 PM ET yesterday. Celo announced via a Twitter thread that validators are working on the issue.
According to Celo’s official block explorer, the network could not validate new transactions for more than nine hours until block production was restored for a few minutes at 3:39 AM ET on Thursday.
However, the chain froze once more at block #14,035,044. Celo network did assure the community that all the funds are safe.
Then after almost 24 hours, Celo updated that the validators have resolved the network’s first outage “since the mainnet launch on April 22, 2020”.
According to a Celo block explorer, the Celo network appears to be operating again as of the time of writing, following an upgrade of its validator nodes to version 1.5.8.
“A thorough and expedited technical analysis is ongoing and details will be readily shared with the Celo community,” the network noted.
Celo launched in May 2020 can handle transaction fee payments in a variety of tokens and stablecoins in addition to the native coin CELO.
At the time of writing, the CELO token is trading at a price of $0.89.
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