Due to an “anomaly,” the Cardano network suffered a network outage incident for some time between blocks 8300569 and 8300570.
Cardano is a popular Proof-of-stake (PoS) model-based blockchain network, which is different from the Ethereum blockchain. Input Output Hong Kong Global (IOG) is a developer team behind the Cardano project. Charles Hoskinson is the CEO of the Cardano developer team and also he is the founder of the Cardano blockchain.
On 22 Jan 2023, In between blocks 8300569 and 8300570, the Cardano network suffered an outrage.
A Cardano ecosystem participant, McCracken, explained this incident and noted that 50% of the nodes impacted had gracefully recovered.
Last night during the anomaly on the #Cardano network, the entire network did not go down. There was a brief period of degradation. Most nodes impacted had gracefully recovered. No network restart was required. pic.twitter.com/FupQXk2otV
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— Rick McCracken DIGI (@RichardMcCrackn) January 22, 2023
The occurred issue impacted the block production speed in the network, where it had been seen that block production was affected significantly for a few minutes.
On telegram, the IOG team explained this issue and noted that it was an expected incident.
“This appears to have been triggered by a transient anomaly causing one of the two reactions in the node; some disconnected from a peer, and others threw an exception and restarted. Such transient issues (even if they were to affect all nodes) were considered in the design of the Cardano node and consensus. The systems behaved exactly as expected.”
Information on this issue was not detectable to normal users because edge nodes appeared to function normally. A few experts noted that this incident may impact the future of this Cardano because Solana was the biggest Crypto project in 2022 which failed because of the multiple bugs that occurred in the Solana blockchain.
Ada price action
The current price of ADA coin, a native token of the Cardano network, is $0.3782 and this price is 46% high over the last 30 days of trade price.
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On 22 Jan 2023 Cardano network suffers a brief outrage: Report
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