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In a significant technical event, Ripple’s XRP Ledger experienced a temporary network halt that lasted for over an hour, raising questions about the blockchain’s stability and centralization.
On February 4th at 10:58 am UTC, the XRP Ledger encountered a critical network interruption that prevented transaction validations from being published. The network froze at block height 93927174, causing potential disruptions to the approximately 2 million daily transactions processed on the platform.
Ripple’s Chief Technology Officer, David Schwartz, provided initial insights into the incident. He explained that while consensus mechanisms appeared to be functioning, validation publications were suspended, effectively causing the network to diverge. To resolve the issue, validator operators were required to manually intervene and establish a coordinated ledger stream.
Despite the technical challenges, RippleX reassured users that customer funds remained completely secure throughout the disruption. Approximately 88,000 transactions may have been delayed as a result of the network halt.
The incident has reignited discussions about the XRP Ledger’s centralization. Daniel Keller, CTO of XRPL node operator Eminence, noted that all 35 nodes were quickly restored to validate transactions. This has drawn comparisons with more decentralized networks like Ethereum, which boasts over 1 million daily active validators.
Interestingly, the network disruption occurred during a period of significant momentum for XRP. The cryptocurrency has been one of the industry’s top performers, surging 396% since November 5th, coinciding with Donald Trump’s election-related developments.
While Schwartz emphasized that the network might have spontaneously recovered and that investigations are ongoing, the incident highlights the ongoing technical challenges in blockchain infrastructure. Ripple remains committed to transparency, promptly communicating details about the network interruption.
As XRP continues to gain attention, with CEO Brad Garlinghouse advocating for its inclusion as a US reserve asset, such technical events underscore the importance of robust and reliable blockchain technology in the evolving cryptocurrency landscape.
Investors and users are advised to stay informed about potential network developments and maintain a cautious yet optimistic approach to the XRP ecosystem.