Cardano Nodes Go Offline for Half an Hour

At least half of the nodes on the Cardano network fell down for a short period of time over the weekend, according to reports from stake pool operators (SPO) and users of the cryptocurrency. An abnormality caused fifty percent of Cardano nodes to disconnect and restart, according to a message that was published on January 22 and posted on the SPO for Telegram by Input Output Global, the engineering and research company that is responsible for the Cardano blockchain. The unexpected interruption was explained in a post by the statement that “This seems to have been caused by a transitory anomaly triggering two reactions in the node,” which said that some nodes had detached from a peer, while others had thrown an exception and resumed.

In spite of a brief drop in performance, the Cardano network was able to recover without any assistance from outside sources.

In the article, it is stated that “such temporary difficulties” were taken into consideration during the node design and consensus process, and that “the systems operated precisely as predicted.”

During the anomaly, which took place between blocks 8300569 and 8300570, it was claimed that block production continued, although it was delayed for a few minutes. The “effect was minor, comparable to the delays that occur during regular operations,” according to the report. ” Depending on the SPO that was selected, the majority of nodes automatically recovered.

At the time this article was written, the underlying problem that led to the anomaly and the subsequent node disconnections and restarts was still being investigated. According to the official notice, “We are presently researching the underlying reason for this aberrant activity and adopting more logging measures alongside our normal monitoring methods.”

Tom Stokes, who is also a Cardano SPO and the co-founder of Node Shark, said in a post on January 22 that much over half of the nodes that were listed were impacted by the issue.

In addition to that, he presented a graphic that illustrated the point at which the network sync dropped from 100% to just slightly over 40% for more than 300 reporting nodes.

According to Stokes’ chart, following the decline in performance, the network sync was able to recover to a level of around 87%, but it did not instantly return to its original level of 100%. An other SPO reported similar concerns to Stoke in a post on January 22, but said that “several SPOs experienced no effect.” “Others experienced a restart of their relays and BPs.

The SPOs, Developers, and IOG are now debugging on Discord.

There is not a fundamental reason as of now “They said that.


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Upcoming parachain auctions send Polkadot to new ATH, while CHR and THETA follow

“Uptober” is over but as Zhu Su tweeted earlier today, the crypto market rally could extend through “Upvember, Upcember” and beyond. The month of October was stellar for Bitcoin (BTC) and Ether (ETH) primarily because each hit new all-time highs and even though the prices are consolidating now, traders are still wildly bullish. 

The steady emergence of the Metaverse is also driving excitment within the crypto sector as it promises to be one of the driving forces behind development in the cryptocurrency space. The concept of a Metaverse is also impacting the “real world”, a prime example being Facebook’s recent rebranding of to ‘Meta’.

As the market heads into the month of November and bullish expectations run hot, let’s take a look at some projects where the data hints at possible upside breakouts.

Polkadot’s parachain auctions approach

The Polkadot (DOT) network is a sharding, multichain protocol designed to facilitate cross-chain transfers of any data or asset type and the project is focused on increasing interoperability between separate networks across the blockchain ecosystem.

Data from Cointelegraph Markets Pro and TradingView shows that momentum for DOT has been on the rise over the past couple of months, with its price rising 95% from a low of $26.05 on Sept. 29 to a new all-time high at $51.57 on Nov. 1 as its 24-hour trading volume surged 135% to $2.93 billion.

DOT/USDT 1-day chart. Source: TradingView

The rising strength of DOT is largely due to the upcoming launch of the parachain auctions on the Polkadot protocol. It’s likely that traders are looking at the success of the parachain auctions that took place on Polkadot’s sister network, Kusama, and expecting the same to occur for DOT.

Polkadot’s parachain auctions have been in development throughout 2021 and the excitement surrounding their Nov. 4 launch appears to be the driving force behind DOT rallying to a new all-time high at $51.57 today.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for DOT on Oct. 27, prior to the recent price rise.

The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

VORTECS™ Score (green) vs. DOT price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for DOT began to pick up on Oct. 27 and reached a high of 80 around two hours before the price began to increase 28% over the next five days.

Revolve Games selects Chromia

Chromia (CHR) is a layer-one blockchain network that is Ethereum Virtual Machine (EVM) compatible and capable of enhancing layer-two performance on Ethereum and the Binance Smart Chain.

Data from TradingView shows that since hitting a low of $0.296 on Oct. 27 the price of CHR has surged 101% to a daily high at $0.595 on Oct. 31 as its 24-hour trading volume spiked to $371 million.

CHR/USDT 1-day chart. Source: TradingView

The surging price of CHR comes as the project’s gaming ecosystem had several positive developments, including the announcement that blockchain gaming firm Revolve Games chose Chromia to build and host its play-to-earn ecosystem, as well as the listing of the Chromia-based Mines of Dalarnia token on Binance.

Related: ‘Uptober’ closes at record high in best month of 2021 — 5 things to watch in Bitcoin this week

Theta Token expands its NFT ecosystem

Theta is a blockchain-based video streaming protocol designed to operate as a decentralized network where users are rewarded for sharing bandwidth and computing resources with others on the network.

Momentum for THETA has been on the rise over the past couple of months as its NFT ecosystem has expanded and is now preparing to host the launch of Katy Perry’s NFT project in December.

The token also got a boost after it was revealed that THETA stakers will be airdropped its TDROP governance token in February 2022, with the allocation each holder receives determined by the average number of THETA staked during the evaluation period.

VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for THETA on Oct. 28, prior to the recent price rise.

VORTECS™ Score (green) vs. THETA price. Source: Cointelegraph Markets Pro

As seen in the chart above, the VORTECS™ Score for THETA climbed into the green zone on Oct. 27 and reached a high of 81 on Oct. 28 around three hours before the price began to increase 42.3% over the next three days.

The overall cryptocurrency market cap now stands at $2.63 trillion and Bitcoin’s dominance rate is 43.8%.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.