Main navigation

Zilliqa (ZIL) Transactions Frozen for 24 Hours So Far: See Post-Mortem

Advertisement
Tue, 31/08/2021 - 16:09
Zilliqa (ZIL) Transactions Frozen for 24 Hours So Far: See Post-Mortem
Cover image via stock.adobe.com
Read U.TODAY on
Google News
Advertisement

On Aug. 30, 2021, Zilliqa (ZIL) mainnet underwent a crucial upgrade to enable the ZilBridge interoperability instrument. However, things have gone wrong.

Here’s what happened to Zilliqa (ZIL)

According to the official post-mortem released by the Zilliqa (ZIL) team today, Aug. 31, 2021, right after the upgrade, it was revealed that two different transactions minted the same token.

Once the investigation started, all Zilliqa (ZIL) endpoints were disabled to minimize the effect of the network bug. Before long, team representatives revealed that, after the upgrade, the transactions were included on the chain with the wrong network state:

Advertisement

We found that when the network was upgraded to v8.1.0 at block number 1,394,088, the final global state after the upgrade was not the same as the global state before the upgrade had started. In other words, the global state after block 1,394,088 was not the same as the state before block 1,394,089.

In a nutshell, the blockchain ignored the transactions associated with 88 blocks, which is almost equal to one Zilliqa epoch.

As such, all transactions of Zilliqa (ZIL) were paused to prevent greater financial losses.

Rollback and compensation

To return the system to the status quo, Zilliqa (ZIL) will be rolled out to block number 1,394,088. Then, the team will try to replay all transactions included in the “missing” blocks.

In total, 4,478 transactions to smart contracts and ZIL accounts were made during the “gap” that occurred due to an error.

The team proposed a recovery plan to compensate miners from the Zilliqa (ZIL) treasury, while transactions between ZIL accounts will be sent after the rollback. Also, those who interacted with Zilliqa smart contracts will be eligible for compensation.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD