Crypto News

Nodes For Stellar Development Foundation Have Gone Dark

Nodes for the Stellar Development Foundation have stopped validating transactions

Long Beach (CoinChapter): Nodes for the Stellar Development Foundation have stopped validating transactions for the blockchain. The SDF is the organization that supports development on the Stellar Network. The Stellar network works to connect banks to a more accessible payment system for global transactions.

The SDF said in a statement that the outage occurred around 1:00 AM PDT. The statement added that, “the SDF’s public Horizon API instance is also temporarily down. However, the Stellar network is still online [emphasis SDF’s].”

They added that they are working to solve the problem and insist the network is still operational despite SDF’s own nodes not working. They continued in their statement, “Because it is decentralized, and the majority of Stellar network validator nodes are still functioning, the network continues to process transactions.

“The network itself has not halted. Additionally, anyone who runs their own Horizon instance rather than relying on the public SDF instance can still use the API to submit transactions and query network data.”

Validator nodes are computers which run blockchain software. Generally, the more distributed the nodes are, the more secure the network is. This is because the network can continue to run even if some nodes are not functioning.

In addition to SDF, payment processing firms such as COINQVEST, Wirex, and SatoshiPay run nodes as well. According to StellarBeat, all of those nodes remain active. Other validator nodes are failing however, likely due to reliance on Stellar’s Horizon API rather than running their own. The network as a whole now has just 21 validator nodes.

Exchanges are monitoring the Nodes for Stellar, until the issue is resolved

Cryptocurrency exchanges are monitoring the situation closely until the issue is resolved. Bitstamp has already announced that it is pausing withdrawals of Stellar Network currency XLM. Coinbase has also said that it is investigating the situation. XLM is the 12th-largest cryptocurrency in the world, with a market cap of more than $26 billion.

How useful was this post?

Click on a star to rate it!

Corey Hansford CoinChapter
Corey Hansford

Corey has been involved in media and writing since graduating from the illustrious Howard University with a degree in Broadcast Journalism. While relatively new to the cryptocurrency world, he has been writing since 2012 with most contributions coming in the sports world on websites such as and Corey is also an avid sports fan who closely follows the Lakers, Cowboys, Dodgers, WWE, and UFC.

Related "Blockchain" News

Cardano Ecosystem Venture Fund Announces Investment In COTI
Long Beach (CoinChapter): Cardano’s venture fund, cFund, announced an investment in COTI. The investment will set the path for...
Nodes For Stellar Development Foundation Have Gone Dark
Long Beach (CoinChapter): Nodes for the Stellar Development Foundation have stopped validating transactions for the blockchain. The SDF is...
Cardano Will ‘Prove The Haters Wrong’ Believes Crypto Trader Lark Davis
Long Beach (CoinChapter): Smart contract platform Cardano is quickly becoming one of the most intriguing entities in the crypto...
Graph Blockchain Invests $300,000 In Cardano For Proof-Of-Stake Mining
Long Beach (CoinChapter) – Graph Blockchain Inc. announced an investment of $300,000 in Cardano’s native token, ADA. This is...
Alexander Russell’s Plan For Cardano To Migrate To Decentralization
Long Beach (CoinChapter): Professor Alexander Russell, Senior Research Fellow of Input Output, has introduced a concept to help Cardano’s...
Institutional Investors Stake Over $100 Million In Theta Network
Long Beach (CoinChapter): Theta Network has announced the private equity investors in its latest Enterprise Validator Node. Sierra Ventures,...