Cardano Network Hiccup

Cardano’s ($ADA.X) network faced a brief hiccup on Sunday. Roughly 50% of Cardano’s nodes disconnected, restarted, and gradually came back online. 😬

Input Output Group (IOG) explained, “This appears to have been triggered by a transient anomaly causing one of the two reactions in the node; some disconnected from a peer, and others threw an exception and restarted. Such transient issues (even if they were to affect all nodes) were considered in the design of the Cardano node and consensus. The systems behaved exactly as expected.”

In other words, this was a problem/issue that developers saw and had plans already to address.

The recovery went so fast and so well that SundaeSwap’s CTO even took to Twitter to address the event:

If investors/traders/analysts were concerned, that sentiment has not been reflected in Cardano’s price action. If the network had to be shut down, then we might have seen a different story. 

Cardano is attempting for a fifth consecutive day higher and remains up over +58% for January 2023. 

The launch of Cardano’s algorithmic stablecoin, DJED, is still planned for a release this month – but no official date has been announced. 📣

More in   Crypto

View All

Binance.US Not Getting Voyager?

Lots of will-it-won’t-it happening with the approved buy pending sale of Voyager ($VGX) to Binance.US. 

The Texas Department of Banking and the Texas State Securities Board filed an objective with the New York court handling the Voyager bankruptcy. 

Read It

DOJ Gets A Judicial Middle Finger

If you are looking for a win in the courtroom for anything crypto-related, here’s one. 🔦

New York Judge Michael Wiles gave the Department of Justice (DOJ) the middle finger by denying their appeal to stop the $1 billion asset-sale plan between Voyager Digital and Binance.US.

Read It