Hedera: The main network proxy has been closed, and the network service is not accessible

It is reported that Hedera’s official Twitter announced that the network agent on the main network has been closed. The core team is solving the abnormal problem of smart contracts. Once resolved, the proxy server will be re-enabled. During this period, Hedera network services will not be accessible, including wallets, decentralized and centralized exchanges, decentralized applications, etc.

Interpretation of this information:

The message from Hedera’s official Twitter account informs us that the network agent on their main network has been temporarily disabled. The reason for this is the abnormal problem with their smart contracts, which the core team is currently working to fix. Until the issue is resolved, the proxy server will remain closed, meaning that services like wallets, decentralized and centralized exchanges, and decentralized applications will not be accessible.

It’s unclear what specific issue the team is currently facing with their smart contracts. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into the code. This means that these types of contracts rely on the accuracy and reliability of the code for their proper execution. If there is an abnormal problem with the smart contracts, it could potentially put the entire network at risk.

The fact that the network agent has been disabled temporarily is a responsible and proactive measure on Hedera’s part to address the issue and prevent any potential harm to users. The team’s focus on resolving the problem also implies that they take the security and reliability of their network very seriously.

In the meantime, users may be inconvenienced by the unavailability of Hedera network services. However, it’s important to remember that this is a temporary measure for the greater good of the network’s stability and the protection of users’ assets.

Overall, Hedera’s official Twitter message communicates a clear and transparent account of the current situation. It shows that the team is working to address the issue as quickly as possible while also prioritizing the security of their network.