Starcoin Blockchain Functionality Restoration Update

Starcoin
2 min readMar 8, 2024

Following significant efforts, Starcoin has completed the necessary modifications and upgrades to our node code. Effective March 8 UTC, 2024, we will initiate the phased restoration of network functions and the activation of select services:

Block Generation: The production of new blocks is now enabled, allowing miners to engage in normal mining operations once again.

Transaction Restrictions: Owing to the ongoing process of freezing funds linked to identified vulnerabilities, functionalities such as on-chain transactions, exchange deposits/withdrawals, and certain exchange trading capabilities will continue to be temporarily suspended. Further notifications will be issued as these services are reinstated.

We are committed to expediting the full restoration of all network functionalities.

We recognize the challenges posed during this period and sincerely appreciate the understanding and support from our community. Your patience and trust remain crucial to our collective success.

More updates will be provided as they become available. Thank You.

About Starcoin

Starcoin provides the utmost security from the origin via its enhanced PoW consensus and Secure smart contract, using the language of Move. Through layered and flexible interoperability, it optimizes the building of ecosystems such as DeFi, NFTs, Gaming, etc., with higher efficiency and convenience. This process redefines value by empowering every participant in the ecosystem to enjoy the multiplication of values.

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Starcoin

Starcoin is a proof-of-work blockchain that enables secure smart contracts based on Move to power services in Web 3.0