Stellar Network saw several of its nodes go offline on April 6.
This malfunction led to a temporary halt in transaction validation.
XLM price eyes a retracement as investors book profit near the local top at $0.60.
Stellar network’s validator nodes experienced an unexpected breakdown recently. During the same period, the XLM price also hit a dead end and is eyeing a pullback.
Validators crash, but Stellar network continues operation
On April 6, several Stellar Development Foundation’s (SDF) validator nodes temporarily stopped validating transactions, which resulted in a halt for some transactions while others progressed as usual.
In a blog post, the SDT team stated:
During the entirety of the SDF node downtime, the Stellar network remained online. Because it is decentralized, and the majority of Stellar network validator nodes were still functioning, the network continued to process transactions.
Although the SDF worked to resolve the issues quickly, popular exchanges like Binance, Bitfinex and Bitstamp reported this issue as they halted withdrawals.
Despite the recent setback, there are also positive news surrounding Stellar, as investment company Grayscale increased its XLM holdings by purchasing 5.5 million tokens last week.
https://www.fxstreet.com/cryptocurrencies/news/stellar-suffers-outage-putting-xlm-price-in-critical-condition-202104071000
https://twitter.com/followbenetazzo/status/1379389348882300931/photo/1
https://twitter.com/360_trader/status/1379376848392613892/photo/1
https://twitter.com/SecretsOfCrypto/status/1379581644810506240/photo/1
https://goldprice.org/cryptocurrency-price/stellar-lumens-price
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