Celo blockchain halts operations
The incident occurred after the Uniswap V3 decentralized exchange was deployed on the network
14.07.2022 - 12:00
391
2 min
0
What’s new? Celo blockchain has halted operation at block 14,035,19. According to statements on the official Twitter, all user funds are safe and validators are working to identify and fix the problem.
The Celo network has stalled at block 14,035,19. Validators are working to identify and resolve the issue. All funds are safe. Updates will be provided as soon as possible.— Celo (@CeloOrg) July 14, 2022
What is the reason for the halt? The incident occurred after the deployment of the Uniswap V3 decentralized exchange (DEX) on the Cello network.
#ReFiSummer continues as Uniswap V3 deploys on Celo today! 🎉Find out what this means ⤵️ 🧵 pic.twitter.com/G4xgSSZyYM— Celo (@CeloOrg) July 13, 2022
There has been no official comment on the link between the deployment and the network’s shutdown from the platform’s representatives yet. At the time of writing the news, no new blocks have been produced on the network for 13 hours (Celoscan data).
Celo is an open-source Layer 1 (L1) protocol with a Proof of Stake (PoS) consensus algorithm that is fully compatible with the Ethereum Virtual Machine (EVM). It provides access to decentralized finance (DeFi). The network is focused on the use of smartphones, users’ cell numbers are used as public keys. At the end of 2021, the Kickstarter crowdfunding platform announced preparations for the transition to Celo. As of July 14, 12:10 UTC, the native token, CELO, is trading at $0,824, down by 0,96% per day, according to Binance.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$97 889
BTC
-0.02%
-
Ethereum
$3 360.04
ETH
-1.39%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.42
XRP
-3.33%
-
Dogecoin
$0.427471
DOGE
-1.2%
-
Cardano
$1.01
ADA
-6%
-
Stellar XLM
$0.522609
XLM
+2.5%
-
Polkadot
$8.71
DOT
-2.19%
-
Bitcoin Cash
$512.77
BCH
+0.36%
-
Litecoin
$96.67
LTC
-3.15%