- On Sept. 27 and 29, two different bugs halted Zilliqa’s block production.
- Zilliqa is working on a lasting solution, while the token’s price and market capitalization fall.
Between September 27 and 29, Zilliqa’s mainnet block production had serious network issues, resulting in a temporary halt in transactions. On Sunday, the Zilliqa team disclosed the problem, which was caused by bugs in the system that blocked the network from generating new blocks. This was the second bug in two days, following an issue on September 27 that drastically reduced block production.
Meanwhile, numerous investors reported having problems accessing their funds with Zilliqa’s native browser wallet, ZilPay. The Zilliqa team responded to community concerns, mentioning that the network was functional until it stopped producing blocks due to another problem. The staff is presently debugging the problem and working toward a complete restoration.
Community members have proposed that these flaws may be linked to the recent Zilliqa 2.0 upgrade, which was supposed to improve network speed and cross-chain interoperability. Meanwhile, Zilliqa developers indicated that the most recent technical issues were unrelated to the upgrade and were fixed separately.
Zilliqa’s Initiatives and Market Reaction
On September 27, the development team immediately fixed the initial bug, allowing block production to resume. However, the September 29 issue has taken longer to resolve. The blockchain has been partially restored for validators, and a permanent fix is now being set up.
Despite these issues, ZIL, the Zilliqa blockchain’s native coin, dropped 2.37% in value to $0.0155, with a market capitalization of less than $300 million. However, daily trade volumes increased by 20%, indicating more activity despite the setback.
Apart from these drawbacks, the Zilliqa team assured users that their payments were safeguarded throughout the crisis. While the permanent fix was being implemented at the time of writing, block production for validators had already restarted, and normal operations were expected to resume shortly.
Earlier this month, Zilliqa established a strategic agreement with EMURGO aimed at improving interoperability between the Zilliqa and Cardano blockchains. This collaboration is expected to promote innovation and efficiency in both ecosystems.
