The Filecoin community is affected by a brief outage


Decentralized storage protocol Filecoin (FIL) got here to a halt on December 19 as a result of a bug brought on instability on the community. In accordance with an project status report issued by the Filecoin staff:

"The Filecoin community has shut down most nodes caught at elevation 336459 with a computational mismatch as a consequence of undetermined conduct."

Primarily based on the timeline within the standing replace, it took lower than 4 hours for the Filecoin growth staff to resolve the problem. As a part of the answer, miners needed to improve to the brand new Lotus shopper.

Because of the community outage, exchanges similar to HBTC and KuCoin announcements announced to their customers, by the suspension of FIL deposits and withdrawals. At press time, each platforms have but to reverse the choice.

Certainly, the Filecoin staff suggested exchanges to show off deposits and withdrawals till they’re comfy with the standing of the chain. FIL is at present down greater than 7% over the previous 24-hour buying and selling interval.

In accordance with TokenSoft CEO Mason Borda, the community outage didn’t have an effect on Wrapped Filecoin (wFIL). As beforehand reported by Cointelegraph, Tokensoft and Anchorage have launched wFIL for use on Ethereum again in November.

On the time, Filecoin had simply handed the 1 exbibyte, or EiB, community storage threshold, which equates to roughly 1 billion gigabytes. This determine is now up 1.48 EiB with greater than 854 energetic miners in keeping with the info from the Filecoin dashboard.