{"id":348771,"date":"2021-10-05T23:06:00","date_gmt":"2021-10-05T20:06:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/liquid-network-block-production-resumes-following-transaction-processing-issues\/"},"modified":"2021-10-05T23:06:00","modified_gmt":"2021-10-05T20:06:00","slug":"liquid-network-block-production-resumes-following-transaction-processing-issues","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/liquid-network-block-production-resumes-following-transaction-processing-issues\/","title":{"rendered":"# Liquid network block production resumes following transaction processing issues"},"content":{"rendered":"<p>&#8220;<strong># Liquid network block production resumes following transaction processing issues <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Block production on Blockstream\u2019s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours.<\/p>\n<p>In an Oct. 5 update from a Liquid oversight board member identified only as Wiz, Liquid\u2019s failsafe mode <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/wiz\/status\/1445456953501630466\">was<\/a> activated yesterday as \u201can unexpected issue occurred causing block signer nodes failing to validate certain parameters against each other.\u201d As a result, the network stopped producing blocks and transactions steadily queued in the Liquid mempool for roughly 22 hours starting at <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 5:19 PM EST on Oct. 4.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-10\/02831115-bbd5-41fc-8293-dcb58bc94c93.png\"><figcaption style=\"text-align: center;\"><em>Liquid mempool transactions. Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/liquid.network\/graphs#24h\">Liquid Network\u00a0<\/a><\/em><\/figcaption><\/figure>\n<p>Wiz reported Liquid developers have upgraded 10 of the 15 functionaries, with block production expected to resume once one more has been fixed. Pending Liquid transactions had been queued in the mempool until the nodes were upgraded, which was completed today as the network <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/mempool\/status\/1445472645617618945\">reported<\/a> blocks were coming in.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Blockstream\u2019s Liquid pushes for DeFi with new decentralized exchange<\/em><\/strong><\/p>\n<p>First announced in 2015, Liquid was designed to be a Bitcoin (BTC) sidechain aimed at speeding up BTC transactions settlement for crypto exchanges. The network supports its LiquidBTC (LBTC) tokens pegged to BTC \u2014 there are 3,293 currently in circulation. In addition, the Liquid Federation has 57 members, including crypto exchanges Bitfinex, BitMEX, and Huobi. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/liquid-network-block-production-resumes-following-transaction-processing-issues\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Liquid network block production resumes following transaction processing issues &#8221; Block production on Blockstream\u2019s Liquid network has resumed after technical problems related to a functionary upgrade caused many transactions to queue for hours. In an Oct. 5 update from a Liquid oversight board member identified only as Wiz, Liquid\u2019s failsafe mode was activated yesterday&#8230;<\/p>\n","protected":false},"author":1,"featured_media":348772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTAvZmE0MmM0MzUtY2M3Ni00Nzg1LWFjYmQtZjBhYjMwZjA0YjI1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[81852,77445,74880,117],"class_list":["post-348771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockstream","tag-mempool","tag-transactions","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/348771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=348771"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/348771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/348772"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=348771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=348771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=348771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}