Technical Glitch Leads to 50% Drop in Zilliqa On-Chain Transactions – What’s Going On?
A technical glitch may have caused a significant drop in on-chain transactions for Zilliqa, a platform and cryptocurrency designed for high-throughput and scalability. According to the developers, a bug in the chain was identified that requires an upgrade. As a result, miners were unable to collect fees, leading to a 50% drop in transactions.
The developers are currently working on a patch to address the glitch and expect the transaction numbers will return to normal soon. Additionally, the developers have advised users to switch their wallets to the latest version in order to remain safe.
For now, it appears that the glitch is only temporary and Zilliqa is expected to bounce back soon.