Stellar’s Hour-Long Shutdown Shows That Stellar isn’t Completely Decentralized, What Does It Mean For Stellar Price Prediction

The Stellar network has done well enough since it’s launch. But as it’s always the case there isn’t any perfect Blockchain solution. The network is always evolving as startups look for ways to improve their protocol and facilitate better user experience. Now, the Stellar Blockchain reportedly hit a snag in recent days after reports came to light that the Blockchain network went offline on May 15 for about 67 minutes.

Stellar Lumens News Today: What Caused the Hour-Long Shutdown?

The hour-long halt doesn’t speak well of the network. Many claim the shut down occurred as a result of Stellar’s Consensus Protocol failing. But What really caused Stellar’s hour-long shutdown? The Stellar Development Foundation believes it wasn’t a failure of Stellar’s Consensus Algorithm. Via a blog post regarding Stellar’s shutdown, the Stellar Development Foundation remarked that the network failed because new nodes took a larger amount of consensus responsibility at an early stage.

Via the aforementioned blog post that was published after the reports of the incident came to light, the Stellar Development Foundation had this to say:

The halt didn’t occur because Stellar’s Consensus Algorithm failed . In fact, the consensus worked as originally intended. For Stellar’s system, a temporary halt is often preferable to the confusion of a fork. However, the incident from yesterday shows that Stellar must look for better tooling around uptime. The network needs better status monitoring for its validators. Stellar has to ensure that it is easier to re-initiate a validator after it going down.”

Stellar Lumens Price Prediction: This Isn’t the First Time Stellar Was Accused of Not Being Completely Decentralized

As reports of the halt spread, analysts, enthusiasts and experts, all started to share their thoughts on Stellar with many criticizing the platform not being decentralization enough. The fact that a management team can put the network down or make it halt is enough to call the network a heavily centralized protocol.

This recent predicament with Stellar isn’t the first time the network has been accused of being a centrally controlling network. Earlier in the year, a group of researchers heavily criticized XLM and Stellar. Accusing the network of a lack of decentralization. According to the group all the nodes in Stellar can’t run the Stellar consensus protocol should only two nodes fail. The two nodes are operated and controlled by one organization, known as the Stellar Development Foundation.

Stellar Lumens Price Prediction: Many New Nodes Were Added to Stellar’s Network

However, the Stellar Development Foundation stated in its blog post regarding the shutdown, that even though it is accused of being over-centralized the opposite is the case. The halt occurred because many new nodes were included on the network. Then Stellar added that this situation caused the nodes to take more than enough consensus responsibility too early.

Many cryptocurrency enthusiasts have different ideas about what happened. Whatever the truth may be in any case, the biggest losers for such a situation is always the users. It is users who are affected with shutdowns, whether the network is if centralized or not decentralized enough. The Price of Stellar Lumens was trading at $0.132472 as of press time according to CoinMarketCap. The digital asset is down by 0.96% in the last 24 hours.

How Will This Affect The Price Of Stellar Lumens?

The price of XLM was not largely affected by the shutdown. It only saw a small loss of value and seems bullish in the short term. The network has lots of viable partnerships to push its value through the roof. The coin is occupying the ninth position on Coin Market cap.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.

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