A software causing “non-determinism between specific nodes” has caused the Proof-of-bond network and cross-chain exchange THORChain to be suspended.
The THORChain team stated that developers were aware of a chain outage and were trying to identify its source at around 8 pm UTC.
The company published another update around four hours later, stating that “consensus halts in a distributed state machine arise from sources of non-determinism between individual nodes and prevent the ledger from becoming corrupted.”
While mentioning that step one was near, there have been no updates since, indicating the developers are likely experiencing some difficulties. It was said that the following steps were to determine the source of the non-determinism, release an update, and restart the state machine.
The network still appears to be down at this time, according to THORChain Explorer. Token swapping platform THORSwap, on the other hand, gave its own update and confirmed that the platform is still active.
“Update on the current halt of THORChain Swaps/LP. Funds are safe. Ethereum and ERC-20 swaps are fully functioning on ThorSwap via DEX Aggregator. Hang tight, THORChain devs are on the case!” it wrote.
The event didn’t bother the THORChain infrastructure developers Nine Realms because it showed that fixing issues is simply one step in making the network better.
“Each halt is investigated immediately by a security team and core devs—resulting in protocol improvements. As the network matures: halt early, halt often,” it stated.
RUNE, the native token of THORChain, has decreased 1.4% over the past 24 hours to trade at $1.53 but has up 6.5% over the previous week. Zooming out, according to CoinGecko, the currency has lost a significant 92.7% of its value since reaching an all-time high of $20.87 on May 19, 2021.
The messaging app WhatsApp, which is owned by Meta, experienced network difficulties on October 25 that lasted for around two hours and affected its 2 billion users as well. Whatsapp blamed a technical glitch for the issue but didn’t provide any other information.
