Block production has resumed for validators, although the network has not yet returned to its fully operational state.
The issue resulted in certain investors being unable to access their funds on Zilliqa’s browser wallet, ZilPay. A number of users in the Zilliqa community expressed their dissatisfaction with the situation.
Zilliqa responded to these concerns by stating, “We have encountered another network issue. We regret any inconvenience and are grateful for the feedback and reports. We have located the problem and will address it as soon as feasible. No need to worry—all funds are secure!”
Zilliqa has encountered a few challenges recently. The blockchain experienced a malfunction on September 27th, which resulted in a delay in block production but did not terminate the network. The developers resolved the issue on the same day. However, users are now beginning to express concerns regarding the stability of Zilliqa’s system in light of the imminent occurrence of another issue.
Block production has resumed for validators, although the network has not yet returned to its fully operational state. Zilliqa tweeted, “The network is now operational for validators, and a permanent solution is being implemented for public use. We are grateful for your patience and will provide you with the most recent information.”
Although Zilliqa maintains that the most recent issues are not associated with its most recent upgrade, users are skeptical of the sequencing of these events. The purpose of the Zilliqa 2.0 revision was to enhance the efficiency of operations and facilitate the integration of other blockchains.
In June, Zillaq disclosed an enhancement. The update introduced new features, including the ability for developers to construct blockchain experiences that are tailored to their specific requirements.
Zilliqa is taking a significant step to advance the network in the direction of increased security and decentralization. The team has suggested that the extraction rewards be reduced by half. This promotes a more rapid transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS).
The team is of the opinion that the relocation will facilitate the adoption of PoS and decrease reliance on PoW. Additionally, the intention of the reallocation of resources is to stimulate ecosystem development by providing funding for community initiatives and innovation.
