Causes of the XRP Ledger Outage
Date: 2025-02-06 Author: Henry Casey Categories: BLOCKCHAIN
The outage occurred at block 93,927,174, after which the blockchain resumed operation 64 minutes later.
According to Schwartz, although the consensus continued to work, confirmations were not published, which caused the network to become desynchronized. To restore stability, validator operators had to manually intervene to set an optimal starting point and achieve the required level of consistency in the system.
Schwartz noted that, as far as he knows, most UNL operators did not make significant changes. He also admitted that the network could have recovered spontaneously, but there is no complete certainty about this yet. Currently, developers continue to study the causes of the incident.
The company emphasized that the security of user funds was not compromised during the incident.
XRPL CEO Daniel Keller said during the outage that all 35 network nodes were still functioning. The quorum for decision-making is 80%, which is equivalent to 28 active nodes.
Some users in the comments again raised the issue of centralization of the Ripple blockchain, which is often discussed in the crypto community. As an example, they cited Ethereum, where the number of validators exceeds 1 million.
Amid the network outages, the price of XRP fell to $2.45, but soon recovered to $2.5. As a result, the token rate remained virtually unchanged over the day.
Earlier, Morgan Creek CEO Mark Yusko commented on rumors about the possible inclusion of XRP in the US national reserve along with Bitcoin. At the same time, Bloomberg analyst James Seyffarth admitted that spot ETFs based on the Ripple token may appear on the market by the end of 2025.
