News Report Technology
November 01, 2024

ZetaChain Restarts Network After ‘Consensus Failure’ Causes Outage

In Brief

ZetaChain is now generating blocks, with network transactions processing as expected after a six-hour outage.

ZetaChain Restarts Network After 'Consensus Failure' Causes Outage

Layer 1 blockchain, ZetaChain announced that it has resumed activity and is now successfully generating blocks, with transactions on the network processing as expected following a six-hour outage.

Currently, the team keeps actively monitoring any residual issues and reviewing pending cross-chain transactions. The explorer and indexer tools are anticipated to be back online shortly, and new ZetaChain transactions are expected to process as usual.

Meanwhile, cross-chain transactions are experiencing delays. The ZetaChain team also monitors this while transactions are gradually catching back up. The project has assured that all transactions will eventually be completed.

According to the announcement, the network halt was due to a consensus failure linked to a new update implemented on a small subset of validators. To restore network functionality, ZetaChain has reverted the validators it manages to V20.0.5 of the node software and requested that the community do the same. A majority of the community has complied, with approximately 60% now running the correct version of the software.

A few validators who encountered issues participating in the vote after attempting to operate on the consensus-breaking V20.0.6 are currently resynchronizing from snapshots. Once these validators are fully synced, the network is anticipated to resume full functionality.

How Does ZetaChain Operate?

ZetaChain functions as a foundational layer for the decentralized internet, providing a platform aimed at promoting global accessibility, simplicity, and functionality across diverse blockchain networks. Through its Omnichain Smart Contracts, developed on the Universal EVM, ZetaChain enables seamless integration and interoperability across multiple blockchains within the cryptocurrency ecosystem. 

ZetaChain’s ability to connect with a variety of blockchains—including Ethereum, Cosmos, Bitcoin, and others—supports unified liquidity, cohesive user experiences, and streamlined data management, all accessible through a single platform.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

More articles
Alisa Davidson
Alisa Davidson

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

Hot Stories

The Secrets Behind MetaHub Finance’s Web3 Success

by Victoria d'Este
November 22, 2024
Join Our Newsletter.
Latest News

From Ripple to The Big Green DAO: How Cryptocurrency Projects Contribute to Charity

Let's explore initiatives harnessing the potential of digital currencies for charitable causes.

Know More

AlphaFold 3, Med-Gemini, and others: The Way AI Transforms Healthcare in 2024

AI manifests in various ways in healthcare, from uncovering new genetic correlations to empowering robotic surgical systems ...

Know More
Read More
Read more
Zeus Network Unveils New ZEUS Tokenomics To Drive Bitcoin Liquidity And Solana Integration
News Report Technology
Zeus Network Unveils New ZEUS Tokenomics To Drive Bitcoin Liquidity And Solana Integration
November 22, 2024
Solv Protocol Partners With Sonic To Bring Bitcoin To The Blockchain And Redefine BTC’s Role In DeFi
News Report Technology
Solv Protocol Partners With Sonic To Bring Bitcoin To The Blockchain And Redefine BTC’s Role In DeFi
November 22, 2024
The Secrets Behind MetaHub Finance’s Web3 Success
Interview Business Markets Software Technology
The Secrets Behind MetaHub Finance’s Web3 Success
November 22, 2024
The Power of Abstraction in DeFi: How Layer 3 Solutions Are Reshaping the Landscape
Opinion Software Technology
The Power of Abstraction in DeFi: How Layer 3 Solutions Are Reshaping the Landscape
November 22, 2024