Stellar’s Blockchain Briefly Goes Offline, Confirming the Project Lacks Decentralization

The Stellar network went offline for over an hour, raising concerns about decentralization. Recently, blockchain-powered network Stellar stopped confirming transactions for more than one hour, effectively going offline. Although no money was reportedly lost as a result, Stellar’s major issue has now been highlighted publicly: The project is not decentralized, at least not to the […]

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Stellar Node Outage Causes Two-Hour Complete Transaction Freeze

Critics raised questions over decentralization after trusted nodes disabled the entire network from finding consensus. Blockchain network Stellar (XLM) stopped confirming transactions for two hours on May 15, executives confirmed following a user post on social media. Stellar, whose lumens token is currently the eighth-largest cryptocurrency by market cap, went down entirely for around 110 […]

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Lightning Torch Reaches Final Destination, Over 0.4 BTC Donated to Humanitarian Aid

Charity-focused group Bitcoin Venezuela tweeted that the Lightning Torch had reached its final destination, with all accumulated Bitcoin donated to the organization. Charity-focused organization Bitcoin Venezuela tweeted on April 10 that the so-called Lightning Torch had reached its final destination, with all accumulated Bitcoin (BTC) donated to the group. By the time it got to […]

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Bitfinex Resumes Trading After Unexpected 2-Hour Outage as Crypto Markets Surge

Hong Kong-based Bitfinex unexpectedly went offline for all users this morning, afterwards citing problems with “connectivity.” Hong Kong-based cryptocurrency exchange Bitfinex notified users in a tweet Saturday, Feb. 9, that it had temporarily gone offline for all users, as crypto markets saw major gains. Initially, the company wrote that the platform was unavailable only “to […]

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