Filecoin network suffers temporary outage

Filecoin community suffers non permanent outage

Decentralized storage protocol Filecoin (FIL) got here to a standstill on Dec. 19 as a bug brought about instability on the community. In accordance with a challenge standing report issued by the Filecoin staff:

“The Filecoin community is halted with most nodes caught at peak 336459 with mismatched state compute error on account of indeterminate habits.”

Primarily based on the timeline given within the standing replace, it took lower than 4 hours for the Filecoin dev staff to repair the issue. As a part of the answer, miners needed to improve to the brand new Lotus consumer.

As a result of community outage, exchanges like HBTC and KuCoin served notices to their customers, asserting the suspension of FIL deposits and withdrawals. As of press time, each platforms are but to reverse the choice.

Certainly, the Filecoin staff suggested exchanges to disable deposits and withdrawals till they’re snug with the standing of the chain. FIL is at present down greater than 7% over the past 24-hour buying and selling interval.

In accordance with TokenSoft CEO Mason Borda, the community outage didn’t have an effect on Wrapped Filecoin (wFIL). As beforehand reported by Cointelegraph, Tokensoft and Anchorage launched wFIL to be used on Ethereum again in November.

On the time, Filecoin had simply crossed the 1 exbibyte, or EiB, community storage threshold, equal to about 1 billion gigabytes. This determine now stands at 1.48 EiB with over 854 energetic miners in keeping with the info from the Filecoin dashboard.