The Internet of Things (IoT) blockchain network Helium is now back up and running following a four-hour outage caused by a failure in the Consensus Group. Helium Resumes New Block Production According to an update from Helium, new block production started with block number 1435693 at 1:45 pm ET on July 11. The team also assured that it’s going to monitor the chain throughout the day by working closely with validator operators to ensure they were synced correctly. We're back folks. The chain just processed block 1,435,693. We'll continue to monitor the chain throughout the day. — Helium🎈 (@helium) July 11, 2022 This comes after the Consensus Group stopped producing blocks at block height 1435692 on the Helium network at 10:20 am EDT. Due to this, token transfers could not be completed, and miner rewards were stopped. However, associated devices with the network remained unaffected. The core team is investigating an issue causing the Consensus Group to stop producing blocks. At this time, submitting transactions to the blockchain will remain pending and will not clear. Device data transfer is not affected. More updates to come. — Helium🎈 (@helium) July 11, 2022 Following the news, Helium’s native HNT token is down 4.3% over the past 24 hours and currently trading at $8.70. However, the token is currently down 84% from its November 2021 all-time high amid the wider bearish market. Capitalizing on the Booming IoT Industry Helium...
