Ripple’s XRP Ledger (XRPL) faced a rare one-hour outage on February 4th, where block production at ledger height 93,927,173 was halted. David Schwartz, Ripple’s Chief Technology Officer, reported that the network is recovering but the exact cause of the issue is still unclear. Schwartz explained that consensus was running but validations were not being published, causing the network to fall out of sync. He confirmed that no assets were lost in XRPL and it only made ledgers temporarily untrustworthy for about an hour. This incident occurred during a period of changes for the network, including reducing the base reserve requirements from 10 XRP tokens to 1 XRP token. Following this event, XRP price dropped by 10% to $2.45. However, Ripple’s token has performed very well in the recent digital currency rally, increasing by almost 400% since last year.
