Beam Halts Its Blockchain at Block 25709 Due to “Improper Block Generation” as Fix Comes Forth
Beam is a fairly new cryptocurrency platform, focusing on privacy. However, as with any new platform, there are bound to be some technical glitches that need to be worked out. Such is the case with Beam, which has found themselves stopped in their blockchain, as reported by The Block.
The announcement came on the official Twitter account for Beam, saying that the network was going through technical difficulties, causing it to be “stopped at block 25709.” They assured customers that they were in the middle of examining the problem, but it did not take long to post an update.
The fix was commited on Github. We will be performing additional testing. We will release the binaries in the coming hours. Thanks for your patience. https://t.co/btDsiwsMWI
— @Beamprivacy (@beamprivacy) January 21, 2019
This new update said,
“Issue identified and fix found. Funds are safe. Commit to GitHub in the coming hour. Binaries and detailed Post-mortem later today. Thanks for your patience and stay tuned.”
This was the latest news about six hours ago.
In a blog post, the team described the bug located as a “rare scenario [that] resulted from the untypical (yet valid), wallet usage pattern which caused the nodes to fail to mine the next block after height 25709.”
An hour after the issue was identified, just as the platform said, Beam kept customers in the loop, posting,
“The fix was committed on GitHub. We will be performing additional testing. We will release the binaries in the coming hours. Thanks for your patience.”
The tweet was accompanied by a link to a blog post on GitHub to elaborate.
Beam was only recently launched in January, becoming Mimblewimble’s first cryptocurrency to be hosted. This protocol ensures that transactions cannot be traced and are confidential to the user that performs it. Since then, Beam has unfortunately experienced multiple technical issues.
Reports from January 9th show that there was a “critical vulnerability” discovered in the software for their wallet. The team asked users to uninstall the app right away, while they launched a patched version that was safer for users to store funds in. Despite being corrected, the vulnerability still posed a risk to users at the time, because attackers had the option of changing transactions and stealing digital assets.
Last week, Mimblewimble welcomed its second privacy cryptocurrency named Grin. Right now, there are multiple venture capitalist funds looking to mine the assets, though there has been interest from cypherpunks as well.