Sam Kessler
Sam is a reporter at CoinDesk focused on decentralized technology, DeFi and DAOs. He owns ETH, BTC and MATIC.
THORChain – a blockchain in the Cosmos ecosystem focused on providing cross-chain liquidity – halted on Thursday as the result of a software bug.
THORchain’s development team tweeted that it was aware of the outage, noting that developers “identified the likely cause due to a unique transaction type (nothing to do with solvency).”
Devs are aware of a chain halt and have identified the likely cause due to a unique transaction type (nothing to do with solvency).
An update will be posted as soon as there is more confirmed information.
— THORChain (@THORChain) October 27, 2022
Chain halts are atypical for most blockchains; reliability and consistent uptime is generally cited as a key advantage of decentralized networks over centrally controlled alternatives. The chain remained paused at press time.
THORChain didn't immediately return a request for comment.
This is a developing story, check back for updates.
