Multiple Stellar nodes go offline, the team says the network is still working despite some transactions failing

To update: On April 4, 2021, 18:28 UTC, according to the Stellar website, the SDF horizon service was restored and the SDF validators brought back online.

Some of the nodes used to validate transactions on the Stellar Lumens blockchain went offline today, which reportedly caused the exchanges to stop withdrawals as certain transactions failed while others got through.

Anton Cashchin, a managing partner of the UK’s CEX exchange, sounded the alarm when he tweeted that “multiple validators” were going offline, causing Binance, Bitfinex and Bitstamp to suspend withdrawals.

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Cashchin claimed the outage disrupted transactions and wallet withdrawals, despite Stellar issuing a statement that “the Stellar network is still online and transactions are still being processed.”

“At around 1:00 am PDT, the Stellar Development Foundation’s validation nodes and SDF’s public Horizon API instance went offline … SDF’s engineering team is working to determine the cause and fix the problem, in addition to working with all Tier 1 validators on the network, ”says Stellar’s blog.

According to public data from block explorer Stellar Expert, the network is still processing transactions, albeit not at normal speed. A block validated around the time nodes fell off the network showed more than half of the submitted transactions as failed, but the network appears to have recovered as newly processed blocks do not indicate failed transactions

Stellarbeat takes the pulse of the network’s node count. As of press time, the website showed that currently more than half of Stellar’s normally active nodes are down.

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At 6:59 a.m. ET, Bitfinex CTO Paolo Ardoino tweeted that the XLM withdrawal had been paused.

The Stellar team responded to CoinDesk’s request for comment with its official statement. It made it clear that XLM transactions are being processed and the network is still active.

The story goes on

Even so, XLM, the coin that underpins the Stellar network, fell from $ 0.58 to $ 0.51 on the news.

Notably, Coinbase uses XLM as part of its rewards debit card, which, according to the Wall Street Journal, returns either 1% on Bitcoin or 4% on XLM.

This is a development story and will be updated.

Updated April 6, 2021 17:54 UTC: This article and heading have been updated to include information about failed transactions on the Stellar network.

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