Source: blockchain.news
The cryptocurrency exchange has reassured clients that their funds are safe and that their transactions are in the process of taking place.
According to a statement published on Dec. 18, users of the Gate.io cryptocurrency exchange are experiencing slow deposits and withdrawals in transactions as a result of node maintenance being performed by a third-party cloud provider. The statement was made public on the official blog of the cryptocurrency exchange.
Despite previously claiming otherwise, Gate.io has stated that transactions are still taking place and customer funds are safe.
It is not immediately clear if the transaction delay is related to the OKX outage, which was caused by a hardware failure at a Hong Kong data center owned by Alibaba Cloud, which is OKX’s main infrastructure provider.
Alibaba’s cloud server experienced an outage on December 17 and did not recover for more than fifteen hours after the outage. Users were unable to make cash withdrawals or deposits during this period of inactivity.
Despite the fact that OKX trading services are back online after a delay of a few hours, users of the Gate.io Twitter account are still reporting difficulties in making transactions.
The company announced that it would launch its first Blockchain node service a few days before the outage that occurred with Alibaba cloud services. The cause of the interruption is unknown.
The service is expected to go live at the beginning of the first quarter of 2023, and its main objective will be to make it easier for companies to create applications that make use of blockchain technology.
According to Alibaba, the new platform-as-a-service solution will be beneficial for developers because it will reduce the amount of time spent on O&M related tasks. This will result in less time spent overall.
The company stated that the application of its technology would make it possible for node hosts to actively monitor other nodes and automatically switch between them in the event of a network failure. “Because it requires no hands-on monitoring or mitigation of issues, developers are free to focus on product development and thus can speed up the rate at which the product release process is completed,” Alibaba said.
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