Polkadot parachains sees temporary halt in block production after major network upgrade

Share This Post

Polkadot parachains briefly stopped producing blocks on April 21 after the network’s runtime upgrade went live on its mainnet.

Moonbeam, an Ethereum-compatible smart contract parachain, confirmed the incident, stating that its platform stopped producing blocks for approximately 1 hour. It added:

“Moonbeam resumed block production at approximately 11:36 am UTC. At this time, the network is operating normally. We are waiting on incident details from the Polkadot core dev team and will share more information at a later time.”

Dustin Lee, the co-founder of Polkadot-based marketplace DeStore Network, further explained that the problems arose following the deployment of the runtime 1.2 upgrade.

Interestingly, Bill Laboon, the Director of Education and Governance Initiatives at Web3 Foundation, developers of Polkadot, pointed out that the latest upgrade also impacted some wallets and interfaces. However, he noted that this was only a user interface problem.

He explained:

“You may see some issues with staking UIs (showing nominations and rewards) in various wallets. This is just a UI issue, not a problem with staking itself, and no action is needed from users.”

These issues are arriving less than a week after Polkadot’s founder, Gavin Wood, unveiled the proposal for the JAM upgrade.

The upgrade is designed to replace the Relay Chain with a more modular, minimalistic design while offering a decentralized hybrid system that combines Ethereum’s smart contract features with Polkadot’s architectural framework.

DOT price unchanged

Polkadot’s native DOT token appears unimpacted by the negatives surrounding the recent skirmishes.

CryptoSlate data shows it is one of the best-performing top 20 digital assets in the last 24 hours, rising by approximately 5% during the reporting period to as high as $7.56 as of press time.

Notably, this reflects the recent interest in Polkadot, as CryptoSlate reported that institutional investors were shifting funds away from significant digital assets toward its ecosystem.

The post Polkadot parachains sees temporary halt in block production after major network upgrade appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Outgoing CFTC Chair Urges Stronger Crypto Regulation Amid Mainstream Adoption

The departing CFTC Chairman Rostin Behnam is sounding the alarm on the lack of comprehensive regulation of cryptocurrencies in the US Regulatory Gap The outgoing chairman of the Commodity Futures

Ripple partners with Chainlink to enhance RLUSD stablecoin with secure data feeds

Ripple has partnered with Chainlink to provide robust pricing data for its RLUSD stablecoin, according to a Jan 7 statement The integration introduces Chainlink’s blockchain technology to

Bitcoin At Risk Of Supply Shock As ETF Issues Buy More BTC Than Was Produced In December

The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations In December 2024,

Bitcoin Coinbase Premium Index Flips Positive As Market Euphoria Increases, A Rally Imminent?

With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again This move has triggered a wave of fresh optimism among crypto enthusiasts as several

Crypto Market Will Peak In Mid To Late March, Predicts Arthur Hayes

In a new essay published on Monday, Arthur Hayes—renowned digital asset investor and former CEO of BitMEX—contends that the crypto market is poised to rally strongly in the first quarter of 2025

Bitcoin Technical Analysis: Bearish Signals Point to Potential Collapse Below $96,000

Bitcoin’s current valuation stands between $96,512 to $97,121 over the last hour, boasting a market capitalization of $191 trillion and a 24-hour trading volume amounting to $59 billion,