The Zilliqa blockchain swiftly stopped producing blocks after a technical reveal impacted the network over the weekend.

“This surprising pain is our high precedence and our technical personnel is working to title and resolve the pain,” wrote the Zilliqa personnel in an X submit on Sunday, noting that “Funds are SAFU.”

Blockchain recordsdata shows that the different of on a standard basis transactions dropped to virtually half of of the reasonable ranges considered in previous days, to 34,400 at the time of writing. The blockchain’s native token ZIL fell by 2% earlier in the day, but recovered to an intra-day excessive of $0.02287 at the time of writing.

About a hours after the problem modified into as soon as disclosed, the personnel acknowledged they had identified the motive in the aid of the problem and developers were working on a repair, at some level of which length transactions wouldn’t be processed.

Around four hours later, Zilliqa announced that the problem modified into as soon as resolved and the network modified into as soon as reduction to working at corpulent capability, with a extra detailed explanation of the occasions earlier in the day to follow.

Zilliqa modified into as soon as primarily based in 2017, designed to be a excessive-throughput public blockchain platform designed to scale thousands ​of transactions per second. Ecosystem recordsdata shows that the network has 4 million users, and spherical $129 million in staked designate.