Blockchain
By Sydney TheCMO
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Ethereum has again hit the headlines and this time not for the approaching ETH 2.0 launch- but for its sudden chain split or hard fork which happened on Wednesday, November 11,…
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However, the issue has been solved by now and 3rd-party service providers have resumed their withdrawal services as of November 12, 2020.
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It’s to note here, Infura is the infrastructure provider for Ethereum and extends API accession to ETH network for other services and applications.
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Binance CEO Changpeng Zhao also tweeted about the problem. He suspected ETH hard fork at 11234873 block.
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Infura has already published the details regarding the incident on its official website. According to the leading ETH infrastructure provider, the main cause behind the chain…
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On the other hand, Nikita Zhavoronkov, the Blockchair CEO, also explained the incident in brief on Twitter.
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As per the latest updates, Binance has announced reinstatement of services yesterday only (November 11, 2020) at 10:28 UTC.
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“A sudden hard fork is always a matter of concern for a major blockchain platform like Ethereum. The ETH network is on a rise lately given the approaching launch of ETH 2.
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Despite the network outage, ETH price still shows an upward trend. On Wednesday, the ETH price showed a solid 3%+ rise.
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