The Dash blockchain recently encountered a significant disruption, resulting in a multi-hour outage. Currently, the network is awaiting the necessary software upgrades from node operators to resolve the issue.
On May 21, Samuel Westrich, the CTO of Dash Core Group, acknowledged that a problem arose during the activation of v19 of Dash Core. In his statement, he highlighted that the chain has come to a standstill and is not generating blocks. The team is actively investigating the issue.
To address the problem, Pasta, the leader of DashBoost, released an official update to Dash’s client software on May 22. This update is crucial and is designed to resolve the network’s difficulties. It is worth noting that the update will result in an “effective hard fork” of the network and will also delay the activation of v19.
Pasta further stated that the reactivation of the chain will depend on a sufficient number of masternodes and miners updating their software. Currently, this has not yet occurred, as evidenced by the block explorers, which show that Dash has not confirmed any blocks for the past 18 hours (since 4:02 a.m. UTC on May 21, 2023).
Fortunately, the incident has had minimal impact on the value of the Dash cryptocurrency (DASH). It has experienced a slight decline of 0.1% over the past 24 hours. In contrast, Bitcoin has seen a 0.5% increase, and the overall cryptocurrency market has risen by 0.8%.