The Zilliqa team announced service resumptions on January 16 after disruptions that affected synchronizations, preventing transactions from “reaching the blockchain for processing.”
Dear Community,
The team has worked diligently over the past few hours, and we are pleased to announce that the network recovery is now complete.
Full functionality has been restored to the Zilliqa mainnet, and you may now resume transacting on the network.
Thank you for your…
Meanwhile, the team guaranteed user funds safety during the downtime, urging them to use the on-chain navigator ViewBlock.io to verify balances.
Moreover, they promised to resolve the issues in the look-up nodes (vital for network support and validating transactions) while ensuring user funds safety.
Zilliqa’s technical challenges
Yesterday’s outage is the latest technical challenge the Zilliqa blockchain has faced over the past few months.
The platform encountered a severe disruption in September 2024 when it failed to produce blocks, preventing users from transacting or accessing their funds.
We’ve encountered another issue with the network.
We apologise for any inconvenience, and appreciate all the feedback / reports.
We have identified the bug and will resolve the issue as soon as possible. Rest assured – all funds are safe! 🔒
While developers introduced “a permanent” solution, the issue emerged again after two days, slowing block production.
These incidents triggered worries about Zilliqa’s reliability in the blockchain space.
For instance, one user stated that average individuals are losing excitement over Zilliqa due to the recurring issues.
Zilliqa has faced similar challenges before.
For instance, a technical issue interrupted block production in December 2023. It suffered the same fate in May 2024.
ZIL price outlook
The native coin traded at $0.02237 after gaining over 3% within the past day.
Unlike previous incidents, ZIL displayed resilience, potentially due to the prevailing broad market recoveries.
Technical indicators support ZIL’s upside stance.
The 1D Moving Average Convergence Divergence’s bullish crossover with the signal line suggests buyers’ comeback.
Also, the Relative Strength Index on the daily chart signals upside trends, with the 49.86 figure indicating robust growth room before overbought conditions surface.
The prevailing broad market sentiments support the bullish narrative.
Digital assets display upside momentum, with the upcoming United States inauguration ceremony as the primary catalyst.
Donald Trump stated, “We’re gonna do something great with crypto,” just four days before his inauguration.
Crypto enthusiasts anticipate robust rallies as the US braces for a one-of-a-kind pro-crypto government under Donald Trump.
Experts expect BTC to attain mainstream adoption with events like the highly-awaited Bitcoin reserve.
The bellwether crypto appears poised to hit the $200K – $250K range by 2025-end.
Such uptrends will mean explosive moves for altcoins, taking the likes of Zilliqa to never-imagined price peaks.
In conclusion, Zilliqa’s recurring outages underscore its underlying issues in ensuring stability.
While developers have restored services promptly to avoid further damages, these incidents will likely affect the network’s adoption in the competitive blockchain space.
Constant outages might limit ZIL’s growth potential in the upcoming times.
Nevertheless, the Zilliqa team has been proactive in every challenge, working closely with the community while ensuring quick fixes.
That might build a massive community that will boost the project once it resolves the outage issues.
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