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Reasons for ADA Suspension of Withdrawals (ADA Withdrawal Node Error)

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ADA suspension of withdrawals occurred on January 14, 2019. The reasons are as

Reasons for ADA Suspension of Withdrawals (ADA Withdrawal Node Error)

ADA suspension of withdrawals occurred on January 14, 2019. The reasons are as follows:1. A small vulnerability on the Cardano blockchain prevented it from functioning properly.2. The balances of ADA holders have dropped by 80% since February.3. Charles Hoskinson, the founder of Cardano, stated that Cardano has not achieved a sufficient level of decentralization to ensure security, which is why he believes a “hard fork” would make ADA inevitably fail.ADA Withdrawal Node Error:According to recent reports from IMEOS, there was an error with the ADA withdrawal nodes. Currently, 16 nodes encountered problems at a block height of 730,000. Some nodes failed to synchronize all the necessary data for the mainnet launch. This error resulted in a new EOS staking (withdrawal) node being unable to execute the reward withdrawal plan and continue functioning. This is related to previous claims by developers about serious security vulnerabilities in the project. Many individuals have participated in testing the testnet to identify this issue based on the GitHub code repository and IOU database, but they have not seen any progress. (Source: Deep Chain Finance)

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