cryptonews.net
Now the Zilliqa team has restored the functionality of the network, which had not processed blocks for more than half a day. On December 18, the blockchain platform development team announced that transactions were stopped due to a critical issue in the layer 1 blockchain. A statement published on X (Twitter) noted that a technical problem interrupted the production of blocks on the network.
In an effort to assure users of the safety of their funds, the Zilliqa team emphasized that all funds are safe. To reduce concerns about inaccessible funds in wallets, the developers promptly provided users with a resource for checking their balances.
ZIL’s price reacted lower following the news, although this coincided with a broader decline in the cryptocurrency market. At the time of writing, Zilliqa is trading at $0.022, down about 6% in the last 24 hours. The downward move has caused the ZIL/USD pair to turn red on the weekly chart.
Image: Binance Academy