Ripple's XRP Ledger Suffers Hour-Long Outage

Ripple's XRP Ledger experienced an hour-long outage on Tuesday, according to David Schwartz, the company's chief technology officer. The network issue has since been resolved, and no assets on the XRPL were lost during the incident.

Schwartz noted that the cause of the network problem is not yet clear. In a preliminary observation, he suggested that consensus was running but validations were not being published, causing the network to drift apart. He explained that servers knew the network wasn't working correctly and did not report any ledgers as trusted during the incident. Tentative ledgers produced during the incident were discarded as normal, and no ledgers that received majority validation were lost or affected.

XRP, the 4th-ranked crypto asset by market cap, was trading at $2.37 at the time of writing. The asset had experienced a nearly 11% decline in the past 24 hours.