Stellar Lumens [XLM], Presently the eighth largest cryptocurrency in terms of market cap is experiencing the highest price bump. At press time, XLM is the top gainer among the top 10 cryptocurrencies on the graph of coinmarketcap.
At the moment, XLM has gained the momentum of 23.63 percent over the past 24 hours which derived its price to $0.148 against US Dollar. Nevertheless, the current market volume of XLM has surged to $2,843,051,727 USD.
Image Credit – Coinmarketcap
At the time of writing, XLM’s trading volume is greatly split across BW.com, Bit-Z, BitForex, Upbit, LATOKEN, Binance, Fatbtc exchange with the major trading pairs of USDT, ETH, and BTC.
Stellar Network was down for Nearly Hours
While at one hand Stellar is on its new bull rally, a crypto community, on the other hand, it is shouting to its decentralized blockchain crash for about 2 hours. This probably unnoticed by many but only those who run Stellar network validators noticed it well.
Tim Swanson, head of research at technology fir Post-Oak Labs noticed the issue and tweeted cascading failure of Stellar’s decentralized blockchain resulted in downtime nearly two hours on May 15.
Image Credit – Twitter
Nevertheless, the buzz can also be seen on Reddit wherein a Redditor posted quickly when ‘Stellar network couldn’t reach consensus’. A Redditor ‘Cryptobrant’ wrote as follows;
Image Credit – Reddit
The reason wasn’t immediately available. But according to Swanson,
A critical mass of nodes went down causing a cascading failure and so the entire network went down but because it isn’t frequently used,