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Liquid network block production resumes following transaction processing issues


Block manufacturing on Blockstream’s Liquid community has resumed after technical issues associated to a functionary improve brought on many transactions to queue for hours.

In an Oct. 5 replace from a Liquid oversight board member recognized solely as Wiz, Liquid’s failsafe mode was activated yesterday as “an surprising concern occurred inflicting block signer nodes failing to validate sure parameters in opposition to one another.” Because of this, the community stopped producing blocks and transactions steadily queued within the Liquid mempool for roughly 22 hours beginning at roughly 5:19 PM EST on Oct. 4.

Liquid mempool transactions. Supply: Liquid Community 

Wiz reported Liquid builders have upgraded 10 of the 15 functionaries, with block manufacturing anticipated to renew as soon as yet another has been mounted. Pending Liquid transactions had been queued within the mempool till the nodes have been upgraded, which was accomplished in the present day because the community reported blocks have been coming in.

Associated: Blockstream’s Liquid pushes for DeFi with new decentralized trade

First introduced in 2015, Liquid was designed to be a Bitcoin (BTC) sidechain aimed toward dashing up BTC transactions settlement for crypto exchanges. The community helps its LiquidBTC (LBTC) tokens pegged to BTC — there are 3,293 at the moment in circulation. As well as, the Liquid Federation has 57 members, together with crypto exchanges Bitfinex, BitMEX, and Huobi.