Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • Fluidity launches crypto cashback on Request Finance   |   25 Mar 2023

  • Coinbase CEO says SEC did not offer feedback in 30 meetings   |   24 Mar 2023

  • Arbitrum’s ARB token lists on several exchanges as Airdrop goes live   |   24 Mar 2023

  • Block shares down as Hindenburg takes aim at the crypto company   |   24 Mar 2023

  • LUNA falls sharply on Do Kwon’s arrest allegations   |   23 Mar 2023

  • Nimiq brings gas-abstracted USDC feature to Polygon   |   23 Mar 2023

 
Home» Markets»Terra blockchain is back online after an official halt

Terra blockchain is back online after an official halt

rocketman 14 May 2022 Markets Comments Off on Terra blockchain is back online after an official halt 225 Views

As the LUNA value moved towards zero, validation had to stop the blockchain.

Terra validators moved to halt blockchain on Thursday as they sought to prevent possible governance attacks.

Per the platform, the network was “officially halted at a block height of 7603700” with validatoes electing to take the step “following severe $LUNA inflation and a significantly reduced cost of attack.”

“The Terra blockchain has resumed block production. Now that the code merge is complete, delegations are no longer allowed. Validators, please check the Discord announcements for the latest patch notes,” Terraform Labs tweeted not long after the halt.

Block production has been resumed by Terra Blockchain.

Now that the code merge has made the chain live, delegations are no longer allowed.

Validators, please see the Discord announcements to find the latest patch notes. https://t.co/CGQgfMDWQe

— Terra (UST) 🌍 Powered by LUNA 🌕 (@terra_money) May 12, 2022

As it was, Terra’s depreciation had made it possibly very easy for malicious actors to attack the network.

The LUNA token price has tanked to $0.01, losing virtually 100% of its value in the past few days, with the ‘death’ of the coin coming amid a combination of a broader crypto crash and the collapse of the UST stablecoin after it lost its dollar peg.

TerraUSD (UST), currently at $0.34, is difficult to repeg despite Terraform Labs’ and Luna Foundation Guard efforts to save the coin.

Blockchain halt official online Terra 2022-05-14
Tags Blockchain halt official online Terra
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : rocketman
Previous Article :

Crypto market recovers, STEPN’s GMT leads the way

Next Article :

Dogecoin drops 15% after Anon Whales shift 250 million DOGE

Related Articles

Fluidity launches crypto cashback on Request Finance

Fluidity launches crypto cashback on Request Finance

rocketman 25 Mar 2023
Coinbase CEO says SEC did not offer feedback in 30 meetings

Coinbase CEO says SEC did not offer feedback in 30 meetings

rocketman 24 Mar 2023
Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

rocketman 24 Mar 2023

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

Fluidity launches crypto cashback on Request Finance
Markets

Fluidity launches crypto cashback on Request Finance

rocketman 25 Mar 2023
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • Fluidity launches crypto cashback on Request Finance

    Fluidity launches crypto cashback on Request Finance

    rocketman 25 Mar 2023
  • Coinbase CEO says SEC did not offer feedback in 30 meetings

    Coinbase CEO says SEC did not offer feedback in 30 meetings

    rocketman 24 Mar 2023
  • Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

    Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

    rocketman 24 Mar 2023
  • Block shares down as Hindenburg takes aim at the crypto company

    Block shares down as Hindenburg takes aim at the crypto company

    rocketman 24 Mar 2023
  • LUNA falls sharply on Do Kwon’s arrest allegations

    LUNA falls sharply on Do Kwon’s arrest allegations

    rocketman 23 Mar 2023

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

Fluidity launches crypto cashback on Request Finance

Fluidity launches crypto cashback on Request Finance

Coinbase CEO says SEC did not offer feedback in 30 meetings

Coinbase CEO says SEC did not offer feedback in 30 meetings

Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

Arbitrum’s ARB token lists on several exchanges as Airdrop goes live

Block shares down as Hindenburg takes aim at the crypto company

Block shares down as Hindenburg takes aim at the crypto company

LUNA falls sharply on Do Kwon’s arrest allegations

LUNA falls sharply on Do Kwon’s arrest allegations

Tags

Binance Bitcoin BTC buy CEO crypto cryptos heres launches market places price today token top
© Copyright 2021, All Rights Reserved