Polkadot Not Producing Blocks, Network Validators Asked to Downgrade Nodes
Polkadot is asking its validators to downgrade their nodes to 0.8.30 as soon as possible.
Reportedly, the layer 1 blockchain has stopped producing blocks. The last block generated was six hours ago. Now the network validators are asked to downgrade their nodes.
“Please downgrade your nodes to 0.8.30 and ensure you are running with `–execution=native`,” tweeted Polkadot co-founder Gavin Wood.
Only Polkadot validators are required to do so, Kusama, a scalable network built using Substrate, validators should remain on 0.9.0 or above.
Raj Gokal, co-founder of the competing layer 1 blockchain Solana shared the issue on Twitter, saying, “hope you’re able to get it back up soon folks,” while offering to “help however we can.” SOL -6.14% Solana / USD SOLUSD $ 138.46
-$8.50-6.14% Volume 4.02 b Change -$8.50 Open $138.46 Circulating 297.28 m Market Cap 41.16 b 1 d Wormhole Launches Solana-Ethereum Bridge to Move NFTs Cross-Chain 1 d Risk-on Assets Recover and Start Rallying After Fed Chair Pushes Back Decision on Tapering to November 2 d Deutsche Boerse Expand Crypto Offering to Include Polkadot (DOT), Solana (SOL), and Tron (TRX) ETNs
Created by Wood, who is also the co-founder of the second largest network Ethereum, the sharded protocol enables blockchain networks to operate together seamlessly. The protocol is one of the few ETH competitors that have captured the interest of the market with its token DOT, the 8th largest cryptocurrency with a market cap of $18.80 billion.
The price of DOT is currently unaffected by the issues with the network, up over 30% in the past 24 hours. This uptick in price came after losing 73% of its value from its all-time high of nearly $50 made less than 10 days back, during the recent market-wide sell-off.
DOT has wiped out all its gains made this year as it crashed to its mid-January levels. As of writing, it has been trading at $21.73.