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Filecoin Network Goes Down, Takes 4 Hours to Recover

Filecoin Network Goes Down, Takes 4 Hours to Recover
  • The Filecoin network went down on December 20
  • However, it took at least 4 hours to recover the platform shutdown.
  • Notably, the Filecoin incident occurred soon after it reached a height of about 336458

Filecoin has reported a network shutdown on December 20. According to the report, the Filecoin blockchain halted after reaching block height 336,458.

After the report came out, Filecoin announced that the network issues had been resolved. However, Ethereum lead Péter Szilágyi said it took the team 4 hours to fix the issue. According to him, this was due to some “dormant bug”.

Nevertheless, Filecoin wrote,

Miners have upgraded and the chain is now recovering smoothly. We don’t expect further action is required, but will continue monitoring.

Filecoin admitted that users would suffer “degraded” chain quality as miners continued to upgrade and until the network’s power had fully recovered.

In support, Filecoin urged participants to pause non-critical messages until the chain capacity was restored to the normal level.

Subsequently, Filecoin continuously monitored the chain halt with featured resolution. It was noted that users were instructed to disable transfers for custodians, exchanges, and wallets, until the network regained its compatibility.

Filecoin describes itself as a decentralized storage network. Launched roughly 3 months ago, it already received sufficient support from the crypto community to start its operations. Its native asset FIL got listed on Coinbase Pro this early December.

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.