Miners have upgraded & the chain is now recovering smoothly. 🎉🙏💪 We don’t expect further action is required, but will continue monitoring.
Expect degraded chain quality. We should expect the network to be somewhat degraded for the next few hours as miners continue to upgrade and power recovers (currently ~34% upgraded). We recommend pausing all non-critical messages until chain capacity is restored to normal levels - BaseFee may be volatile as the network recovers.
Full recovery ETA. Conservatively, we will deem the network to be fully recovered & stable 2x finality from when the chain resumed. This means 1,400 epochs (11.6 hrs) from 337120 (2020-12-19 23:20 UTC). So, conservatively, full recovery at epoch 338520 (2020-12-20 11:00 UTC).
For custodians, exchanges, wallets: The full recovery ETA is very conservative, and the chain is expected to be fully functional long before. Our recommendation for you would be to keep transfers out disabled until that time or until you gain comfort with chain status -- at least for larger amounts. Your own internal transfers, trading, and other fully off-chain activity should be fine.
Posted Dec 20, 2020 - 00:03 UTC
We are continuing to monitor for any further issues.
Posted Dec 19, 2020 - 23:27 UTC
The network has restarted and progressed to the expected block height (337120 @ 3:20pm PT). As more power joins the upgraded chain, the network will continue to stabilize. Check back for an update here when >50% of power is in sync.