Latest

Ethereum Network Faces Temporary Disruption, Raises Concerns About Transaction Security

Efirium’s core network experienced a massive disruption that prevented transactions from being finalized for 25 minutes.
Blocks were created and transactions were performed, but could be changed.

Because the transaction finalization process failed, blocks were created but not written to the blockchain, which could lead to the possibility of changing transaction data.

At the moment, the cause of the malfunction of the main Etherium network is unknown.

The developers said they are investigating the incident. However, in the past there was a similar problem – it was caused by a bug in the client.

“The core Etherium network is designed to counter such problems. Transactions are still going on and will be finalized after the problem is resolved,” one of the developers of the largest altcoin wrote.

Twenty-five minutes after the outage began, the network returned to normal and blocks began to be finalized. All transactions in these blocks hit the blockchain.

Earlier, it was reported that the percentage of Etherium blocks whose transactions comply with the Office of Foreign Assets Control (OFAC) has dropped to 27%.