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

Why Bitcoin’s $100K Price Could Be at Risk: Six Red Flags for a Market Correction

The post Why Bitcoin’s $100K Price Could Be at Risk: Six Red Flags for a Market Correction appeared first on Coinpedia Fintech News Bitcoin’s recent price action has shown some signs of

Bitcoin Taps $100K: QCP Capital Warns of Tough Resistance Ahead

Bitcoin (BTC) commenced the week with an optimistic uptick, tapping the $100,000 milestone, as per insights from QCP Capital The digital currency encounters formidable opposition at this juncture, an

MicroStrategy buys 1,070 BTC as Saylor declares interest in Bitcoin advisory for Trump

MicroStrategy disclosed the acquisition of 1,070 Bitcoin for $101 million in a Jan 6 filing with the US Securities and Exchange Commission (SEC) This marks the firm’s ninth consecutive week of

Digital Sovereignty Alliance Launches to Champion Ethical Crypto Policies in the U.S. Senate and House of Representatives

Washington, DC, January 6, 2025 – Today marks the official launch of the Digital Sovereignty Alliance (DSA), a nonprofit organization dedicated to advancing clear and ethical public policy,

Bitcoin retakes $100,000 as liquidations remain low at $175 million

Bitcoin crossed $100,000 today, trading near $101,000 as of press time, after dropping as low as $91,400 on Dec 30 The shift follows a sideways movement between $92,000 and $100,000 in late December

XRP Market Update: Bulls Eye Explosive Rally Amid $3.8B Trading Frenzy

Ripple’s XRP is currently trading at $243, boasting a market capitalization of $136 billion, a 24-hour trading volume of $38 billion, and an intraday fluctuation between $236 and $246 XRP On