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

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Tue, 31/08/2021 - 16:09
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Zilliqa (ZIL) Transactions Frozen for 24 Hours So Far: See Post-Mortem
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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:

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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.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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