Dash blockchain experiences downtime during its hard fork

TL;DR Breakdown

  • Dash experiences downtimes during its V19 hard fork activation.
  • The project is looking for a way forward after the event.

The Dash blockchain encountered a stall during the activation of its Dash Core v19 hard fork, causing concerns among developers and users. Samuel Westrich, the chief technical officer of network, announced the issue via a tweet on the morning of May 21. The developers swiftly responded by announcing a fix in the form of v19.1.0 approximately 13 hours later.

Dash network stalls during V19 hard fork

During the downtime, its developers cautioned users, stating that blocks and transactions on the Dash network lacking ChainLock and InstantSend locks should not be assumed to have true finality. These security features, unique to it, play a crucial role in ensuring the integrity of the blockchain. In response to the disruption, Binance temporarily suspended the distribution of Dash mining rewards until the blockchain was operational again.

The initial update, which was announced on April 10, aimed to enhance security through BLS signatures, implement a high-performance master node system, and introduce wallet improvements. These changes were intended to prepare for the release of the Dash Platform on the mainnet.

The v19.1.0 release, described as a bug-fix upgrade, was introduced to resolve the chain stall issue. However, the v19.0.0 release, originally scheduled for June 14, has been delayed. The developers have emphasized the need for a sufficient number of master nodes and miners to upgrade to the new version to restore normal blockchain functionality. They have also advised users to be aware of the known issues outlined in the release announcement, and a reindex of the blockchain may be necessary.

Developers are looking for a way forward

As of the time of writing, its block explorer indicated that the last processed Dash block occurred approximately 16 hours ago, highlighting the ongoing impact of the blockchain stall.

The blockchain had previously undergone a significant update with the implementation of the v18 release on September 13, 2022. However, the upgrade faced further adjustments in January due to an attempted hack that resulted in the temporary shutdown of some master nodes. The blockchain halt was attributed to the release and subsequent withdrawal of Dash Core v18.2.0.

Its core serves as the underlying network for the privacy-focused cryptocurrency Dash, which emerged as a spin-off from Litecoin in 2014. Notably, the United States Securities and Exchange Commission (SEC) raised concerns about the regulatory status of Dash in April, including it in a complaint against Bittrex, claiming that it was a security.

Efforts are underway to address the recent blockchain stall and ensure the smooth functioning of the network. The release of the v19.1.0 fix represents an important step toward restoring stability, with developers closely monitoring the upgrade process and encouraging users to stay informed about any associated issues.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Dash blockchain experiences downtime during its hard fork

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月24日 17:52
Next 2023年5月24日 18:29

Related articles

  • Phishing alert: Terra’s website compromised, developers issue immediate warnings 

    TL;DR Breakdown Terra’s official website was hijacked on August 20, 2023, and replaced by a phishing site. Users were warned to avoid the domain, as the malicious site sought to deceive them into revealing key phrases. The incident underscores the growing threat of cybercrime in cryptocurrency and the need for strong security measures. Description Terra’s official website was suddenly compromised on August 20, and replaced by a phishing site that severely threatened users’ digital assets. The alarming incident was promptly reported by Terra’s official Twitter account, warning users not to interact with the terra(dot)money domain until further notice. The phishing site, designed to mimic Terra’s official website, displayed a … Read more Terra’s official website was suddenly compromised on August 20, and replaced by a phishing site that severely threatened users’ digital assets. The alarming incident was promptly reported by Terra’s official Twitter account, warning users not to interact with the terra(dot)money domain until further notice. 1/ 📢 Attention Terra users, To avoid potential phishing scams, please continue to avoid interacting with sites with the terra(dot)money domain until we post…

    Article 2023年8月22日
  • Coinbase’s Base blockchain hits new remarkable milestone

    TL;DR Breakdown Coinbase’s layer-2 blockchain Base has hit a remarkable 1.8 million transactions in a single day. Ethereum layer-2 ecosystems continue to evolve. Description Coinbase’s layer 2 blockchain, Base, has been making waves in the cryptocurrency world since its launch in early August. Recent data from IntoTheBlock reveals that the blockchain has reached an all-time high in daily transactions, with 1.88 million transactions on a single day, surpassing its layer 2 rivals Arbitrum and Optimism combined, which recorded 780,000 … Read more Coinbase’s layer 2 blockchain, Base, has been making waves in the cryptocurrency world since its launch in early August. Recent data from IntoTheBlock reveals that the blockchain has reached an all-time high in daily transactions, with 1.88 million transactions on a single day, surpassing its layer 2 rivals Arbitrum and Optimism combined, which recorded 780,000 and 370,000 transactions, respectively. Base blockchain daily transactions surpass Arbitrum and Optimism The interesting aspect is that the surge in the blockchain’s activity is not being driven by decentralized finance (DeFi) applications or non-fungible token (NFT) marketplaces, as one might expect. According to…

    Article 2023年9月17日
  • U.S. lawmakers send a letter to Gary Gensler about crypto

    TL;DR Breakdown U.S. Rep. French Hill and Rep. Dusty Johnson have written a letter to SEC Chairman Gary Gensler about crypto. The lawmakers criticize the SEC’s approach to ‘regulate by enforcement’, stating it causes confusion and doesn’t adequately protect the public. The letter highlights their efforts to close regulatory gaps through bills such as the Clarity for Digital Tokens Act and the Digital Commodity Exchange Act. Description In an effort to smooth out the path for cryptocurrency regulation, U.S. Rep. French Hill, Vice-Chairman of the House Committee on Financial Services Republicans and Subcommittee Chairman, has penned a letter to Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC). This is in line with the rising trend of lawmakers keen on … Read more In an effort to smooth out the path for cryptocurrency regulation, U.S. Rep. French Hill, Vice-Chairman of the House Committee on Financial Services Republicans and Subcommittee Chairman, has penned a letter to Gary Gensler, the Chairman of the Securities and Exchange Commission (SEC). This is in line with the rising trend of lawmakers keen on…

    Article 2023年7月20日
  • Tech mogul Elon Musk disses OpenAI – Here is why

    TL;DR Breakdown Tech mogul Elon Musk criticized OpenAI, the organization he co-founded, over its shift from non-profit to for-profit, likening it to an environmental organization becoming a lumber company. Musk expressed concern about OpenAI becoming a “closed source, maximum-profit company effectively controlled by Microsoft.” During a Senate Judiciary Committee hearing, OpenAI CEO Sam Altman, IBM’s Christina Montgomery, and NYU’s Gary Marcus discussed the future of AI. Elon Musk, the iconic entrepreneur and co-founder of OpenAI, has leveled a volley of criticism at the organization he helped birth. Musk’s sentiment represents a shifting perspective on artificial intelligence (AI), a technology he previously deemed a ‘huge risk’ to civilization. His recent remarks add a new dimension to the debate over AI’s regulation and direction. Elon Musk’s unexpected disappointment with OpenAI While Musk’s apprehension about AI is well-documented, it’s surprising to see his disillusionment with OpenAI, the organization he co-founded. Musk took to Twitter to express his discontent, likening the shift of OpenAI’s mission from non-profit to for-profit as an eco-organization turning into a lumber company exploiting the Amazon. He questioned the legality…

    Article 2023年5月18日
  • Oman advances toward virtual asset regulation, launches public consultation

    TL;DR Breakdown Oman’s financial regulator seeks public feedback on a new regulatory framework for virtual assets. The proposed framework covers all virtual asset sectors, with a focus on risk mitigation. This aligns Oman with global trends to regulate crypto assets while encouraging sector growth. Description The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities … Read more The Capital Market Authority (CMA) of the Sultanate of Oman has initiated a public consultation in a bid to gather industry perspectives on its proposal to establish a new regulatory framework that governs transactions involving Virtual Assets (VA) and operations of Virtual Asset Service Providers (VASP). This significant step represents Oman’s efforts to regulate activities and transactions involving crypto assets, tokens, crypto exchanges, and initial coin offerings. According to the CMA, the regulatory framework aims to establish…

    Article 2023年8月5日
TOP