THORChain network was shut down due to a software malfunction.

Proof-of-bond network and cross-chain exchange An earlier problem that caused “non-determinism amongst specific nodes” caused THORChain to be suspended.

The THORChain team stated that engineers were aware of a chain outage and were trying to identify its source at around 8:00 pm UTC.

The company published another update around four hours later, stating that “consensus halts in a distributed state machine arise from sources of non-determinism amongst individual nodes and prevent the ledger from becoming corrupted.”

The network still appears to be down at this time, according to THORChain Explorer. Token swapping platform THORSwap, on the other hand, gave its own update and confirmed that the platform is still active.

“Update on the suspension of THORChain Swaps/LP at this time. Money is secure. ThorSwap’s ERC-20 and Ethereum swaps are fully operational via DEX Aggregator. It stated, “Hang tight, THORChain developers are on the case!

The event didn’t bother the THORChain infrastructure developers Nine Realms because it showed that fixing issues is simply one step in making the network better.

“A security team and core developers promptly look into any halt, leading to protocol enhancements. Stop early and stop frequently as the network develops, it advised.

RUNE, the native token of THORChain, has decreased 1.4% over the past 24 hours to trade at $1.53 but has up 6.5% over the previous week. Zooming out, according to CoinGecko, the currency has lost a significant 92.7% of its value since reaching an all-time high of $20.87 on May 19, 2021.