Liquid Sidechain from Blockstream criticized because of a long failure - block signing problem related to upgrade -
Liquid Sidechain from Blockstream criticized because of a long failure - block signing problem related to upgrade -
On Tuesday, cryptocurrency supporters on social media and forums discussed the Liquid-Sideki product from Blockstream, since block signing has not been possible for over 20 hours. While block stream had found that the Sidechain was subjected to a hard fork-upgrade planned for October 5, a number of crypto supporters still despised the project because it was hypocritical to blockchains like Solana.
Liquid from Blockstream suffers from block signing problems during the upgrade of dynamic federations
cryptocurrency supporter Udi Wertheimer devastated The cryptofirma blockstream on Tuesday target = "_ blank" href = "https://blockstream.com/liquid/" rel = "noopener"> liquid The block signing of the network had failed and was initially expected a total of 24 hours. On October 5, Wertheimer called : "Liquid has been out for 15 hours and still nobody noticed, good morning." "Good morning" or "GM" has recently been the latest keyword in the crypto community.
Further mocked Wertheimer the die -hard supporters and employees of the company, when he noticed: "' Liquid can build up. 'Everyone who has ever said that is intellectually dishonest. Rel = "noopener"> added :
When Solana was below, everyone couldn't stop [Talking] about it hmmm ... and if Liquid is down, no hmmm probably does not notice anything hmmmmm.
Wertheimers Solana failure mentioned when the Sol-Blockchain on 14th stopped the block production of the network . At that time, Solana was heavily criticized by members of the crypto community because of the network failure.
When the Twitter user Josuard I. Gonzales requested on the social media platform, whether he could create "tokens on liquid", a person replied "No, because liquid is below." The Sidechain product Liquid from Blockstream has also criticized Reddit. In addition, Wertheimer took a Screen photo The reasons from block stream, why the blocking of the Liquid network stopped was.
Liquids Block Signing is restarted
The Liquid network upgrade of block stream is well documented in blog area of the company . A certain contribution called "" explains the actions of the engineer more precisely.
On October 5 at 3:44 p.m. (EST), the official Twitter account of the Blockstream Liquid Projekt tweeted that block signing works again.
"A sufficient number of Liquid Network functionaries has been upgraded and the block signaling has been resumed", says the account In detail on Tuesday. "Delayed transactions are now being included in new blocks."
Before the announcement at 3:44 p.m. on Twitter that Liquid was resumed, the first known case of the block signature problem was tweeted from the official Twitter account 22 hours beforehand. The tweet then followed Two more instances of tweets, which on the "Problem with the Block Signation" of the Sidechain referred.
The problems with the Liquid-Sidechain on October 5 will follow the company's latest Series B financing round over $ 210 million. The company detailed that the financing of Baillie Gifford and ifinex, the parent company of Bitfinex, was guided. "The new capital will serve to accelerate our Bitcoin mining efforts and the takeover of spondoolies to found a miner of the enterprise class," said Blockstream's capital increase on August 24, 2021
Also, on June 24th, Celos James Prestwich I found a problem with the Liquid-Sidechain. 870 Btc have in the commitment and Prestwich emphasized: "For almost an hour, the emergency 2-von-3 violates 870-bitcoin, this violates the security model from Liquid, which we know about it because Liquid Bitcoin is not.
Liquid from Blockstream On October 5, 2021 it is about 272.061 token at the Ethereum-Blockchain, loud dune analysis metrics. The Binance Smart Chain also has a circulating delivery of Bitcoin Bep2 (btcb) token to date. What do you think of the failure of the Blockstream Liquid network, which was treated on Tuesday? Let us know your opinion on this topic in the comments below. Photo credits : Shutterstock, Pixabay, Wiki Commons, Twitter, liquid, 
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