Users of the Gate.io cryptocurrency exchange are facing slow deposits and withdrawals in transactions due to the maintenance of a third-party cloud provider node, according to a Dec. 18 announcement.
Gate.io claimed that transactions are still being processed and user funds are safe. The company stated:
“We are currently reviewing the status of our cloud service providers’ network connection and will expedite deposits and withdrawals as soon as network connection is restored.”
It is not clear if the delay in transactions is related to the OKX crash, caused by a hardware failure in a Hong Kong data center of its main infrastructure provider, Alibaba Cloud. As we already told you, the Alibaba Cloud server went down on December 17 and did not recover for more than fifteen hours, during which users were unable to withdraw or deposit funds.
OKX trading services have resumed several hours later, while Gate.io users on Twitter continue to experience issues with transactions.
Alibaba’s cloud services were discontinued a few days after the company announced that it was developing its first blockchain node service. This service, which is scheduled to launch in the first quarter of 2023, aims to make it easier for organizations to create blockchain applications.
According to Alibaba, the new platform-as-a-service solution will help developers reduce uptime and maintenance. The company claims that its infrastructure will allow node operators to actively monitor nodes and automatically switch in the event of a downtime. “By not requiring hands-on supervision or problem mitigation, developers will be able to focus on product development and thus speed up the pace of the launch process,” they say from Alibaba.
Alibaba Cloud is the digital technology backbone of Alibaba Group. Earlier this month, Avalanche blockchain partnered with Alibaba Cloud’s Node-as-a-Service initiative.
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