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Cryptopia no longer accepting Waves token listings due to network split

Waves is a crypto-platform for asset/custom token issuance, transfer, and trading on blockchain.

Cryptopia, the New Zealand-based cryptocurrency exchange announced today that because of the “lack of proper announcements regarding mandatory/hardforks of the Waves network, the company can no longer risk hosting Waves-based tokens on its exchange.”

The Waves network forked over the weekend with a new version of the Waves node being released. However, the update was not marked as mandatory and unfortunately, this meant 70% of the network did not update and thus caused the network to split between 0.6.6 nodes and 0.7.5-0.7.6 nodes.

The Cryptopia team said they still managed to get half of the nodes on one fork and the other half on the other.

However, as previously-mentioned, Cryptopia has decided they will no longer be accepting new Waves token listings. Further, the company is reviewing currently listed tokens to see if they are safe to keep, an update on their decision on the currently listed Waves assets will come by the end of the week.

Cryptopia support told all Waves users who have not updated to 0.7.6 please do so now as it is not an optional update but a required update.

Changelly, the crypto to crypto asset exchange also issued a statement noting the problems with WAVES tokens, stating:

“This weekend, the WAVES network has been hard-forked due to a node update. For some reason, an update was ignored by 70% of nodes since it wasn’t marked as mandatory. The misunderstanding occurred has led to the network split between versions 0.6.6 and 0.7.5-0.7.6.”

“Changelly temporarily stopped exchanging WAVES until the controversies are resolved. It means that the coins are indefinitely unavailable. Once the trading is safe, we will list WAVES again.”

“We strongly recommend upgrading your WAVES clients to 0.7.6.”

Release 0.7.6 can be found on GitHub.

In response to this matter, Waves issued the following statement:

Dear Waves Community,

As you likely know, we released the core update last week. Unfortunately, due to the timing of communication with pools and nodes, we experienced a fork in the blockchain. The majority of leasing pools and nodes have now switched to the latest software and the network is operating well.
We apologize for the inconvenience caused and will do our best to avoid such situations in the future.

Source:Cryptopia

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