Moonbeam reports that Moonbeam and Moonriver networks have been experiencing an increase in block creation time over the past couple of days due to technical issues. Now the problem is completely solved and the speed of creating new blocks is back to what it was before.

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Moonbeam has published a list of projects that will soon receive community grants: StellaSwap, Prime Protocol, DAM and Beamswap.

In total, these projects will receive $4.4 million in funds specifically allocated for grants for projects developing applications on the Moonbeam network.

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A vote has now been launched online to extend the validity period of this passed proposal related to setting the rules for giving away community grants. All $GLMR holders who vote in this proposal will receive a commemorative NFT from Moonbeam.

Link on vote: https://moonbeam.polkassembly.network/referendum/87

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The GLMR Moonbeam token cryptocurrency market has experienced impressive growth. In just 24 hours, GLMR's value surged 56% to hit $0.2630, causing many eyes to turn to this token today.
What's behind this explosive growth? The answer lies in the recent decision of Upbit – a well-known cryptocurrency exchange in South Korea – to list GLMR on its platform. For many people, this is not just a list. Given South Korea's influence and presence in the global cryptocurrency space, this is a strategic move that could expand Moonbeam's reach.

Moonbeam, which is deeply rooted in the Polkadot ecosystem, is known for its dedication to improving the integration of decentralized applications (dApps). Over the years, the platform has forged strategic partnerships, helping it rise to prominence and compete on equal terms with giants like Astar Network. The hope now is that Upbit's latest listing will serve as a catalyst to further consolidate its presence in the crypto world.
It's worth noting that prior to the recent surge, GLMR had been experiencing bearish weeks, hovering below the $0.2 mark. Therefore, this progress not only excites Moonbeam fans and investors, but also makes up for some previous losses.
At the time this news was published, the price of GLMR was recorded at US$0.239130, up 41% in the last 24 hours.
*Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
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On April 5th, Moonbeam (GLMR) was reported to have failed to produce new blocks, resulting in a 4-hour and 13-minute halt in transaction activity. Moonbeam quickly announced the issue and stated that its development team was investigating the cause of the problem.

In the early morning of April 6th, Moonbeam reported that it had identified a vulnerability and released a patch in version 0.30.0. Block production will continue until all nodes update to the latest version, 0.30.3. At present, the project confirms that the system is running normally.

According to a tweet from Moonbeam, “The root cause of the recent Moonbeam blockchain production issue has been identified and the team has deployed a solution in the form of a client upgrade. Moonbeam is now producing blocks.”

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Moonbeam is a project compatible with the Ethereum Virtual Machine (EVM) and secured the second parachain slot on Polkadot. In September 2022, the project integrated with the LayerZero cross-chain data transmission protocol, after previously integrating Polkadot’s XCM.

Moonbeam’s incident is not the only one that has occurred recently. The zkSync Era chain also experienced a block production issue that lasted for 3 hours last week, and the Avalanche C-Chain witnessed two network outages due to node software-related problems.

Blockchain technology is still in its infancy, and bugs or vulnerabilities can often occur. In response, development teams must act quickly and transparently to minimize any potential damage. Moonbeam’s prompt announcement and solution to its problem demonstrate the importance of transparency and accountability in the blockchain industry.

Overall, despite the temporary halt in transaction activity, Moonbeam’s swift response and resolution to its issue highlight the resilience and durability of blockchain technology.

#Moonbeam #Polkadot #GLMR #DOT #azcoinnews

This article was republished from azcoinnews.com