Polkadot parachains stopped producing blocks for about an hour after the update was implemented on the main network. This was reported by the Moonbeam team.
At approximately 10:27 am UTC today, a Polkadot runtime upgrade was enacted, which triggered all parachains, including Moonbeam, to stop producing blocks for approximately 1 hour.
— Moonbeam Network (@MoonbeamNetwork) April 21, 2024
According to the developers of the parachain for EVM-compatible smart contracts, work resumed at approximately 14:36 (Moscow time).
Co-founder of the DeStore Network RWA platform Dustin Lee clarified that during the upgrade, the runtime environment version 1.2.0 was deployed.
Bill Laboon of the Web3 Foundation noted that the update affected some wallets.
THREAD — @Polkadot #PolkadotDigest 22 Apr 2024#Polkadot News
You may see some issues with staking UIs (showing nominations and rewards) in various wallets. This is just a UI issue, not a problem with taking itself, and no action is needed from users. For details, see…
—Bill Laboon | Web3 Foundation (@BillLaboon) April 22, 2024
Polkadot (DOT) price did not react to the incident. Over the past 24 hours, quotes have increased by 4.5%. The coin is trading at ~$7.4, capitalization exceeds $10 billion.
In October 2023, Parity Technologies, the company behind the development of Polkadot, announced a reduction of 30% of its staff.
Source: Cryptocurrency
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