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šØ Cardano ($ADA ) encountered a chain split issue ā Price dropped over 6%
Cardano unexpectedly experienced a blockchain split due to a faulty delegated transaction that surpassed validation at the new node but was rejected by the old node, creating two parallel chains: one "contaminated" and one "healthy".
Quick summary:
š Price $ADA dropped over 6% after the incident.
š„ Cause: software error from the underlying library, not detected in time.
š¤ The person responsible for the incident (Homer J.) has publicly apologized, stating no malicious intent and no profiteering.
š Developers have patched the issue, requesting a node upgrade to revert to the main chain.
ā No user assets were lost, and the network was not completely paralyzed.
š The incident is under investigation, with the involvement of the FBI.
What does Cardano say?
The network is still creating blocks normally, justā¦ temporarily lost its way š
Exchanges have proactively suspended deposits/withdrawals to ensure safety.
ā ļø This article is for informational purposes only, not investment advice. If you FOMO because you see the price drop and enter a position thenā¦ your wallet will hurt, we can only stand by and send positive energy from afar š
#Cardano #BlockchainIncident #CryptoNews #ADAupdate #DeFiAlert
Cardano unexpectedly experienced a blockchain split due to a faulty delegated transaction that surpassed validation at the new node but was rejected by the old node, creating two parallel chains: one "contaminated" and one "healthy".
Quick summary:
š Price $ADA dropped over 6% after the incident.
š„ Cause: software error from the underlying library, not detected in time.
š¤ The person responsible for the incident (Homer J.) has publicly apologized, stating no malicious intent and no profiteering.
š Developers have patched the issue, requesting a node upgrade to revert to the main chain.
ā No user assets were lost, and the network was not completely paralyzed.
š The incident is under investigation, with the involvement of the FBI.
What does Cardano say?
The network is still creating blocks normally, justā¦ temporarily lost its way š
Exchanges have proactively suspended deposits/withdrawals to ensure safety.
ā ļø This article is for informational purposes only, not investment advice. If you FOMO because you see the price drop and enter a position thenā¦ your wallet will hurt, we can only stand by and send positive energy from afar š
#Cardano #BlockchainIncident #CryptoNews #ADAupdate #DeFiAlert
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ADA/USDC
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