🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
XRP Ledger Recovers Following Brief ‘Network Drift’ Outage
On Feb. 5, Ripple chief technology officer David Schwartz reported that the network is now recovering before adding, “We don’t know exactly what caused the issue yet.”
The XRP Ledger (XRPL) experienced a rare one-hour outage late on Feb 4 when block production stopped at ledger height 93927173.
However, the network recovered on its own without requiring major interventions from validators. According to Schwartz, while consensus was running, validations weren’t being published, “causing the network to drift apart.”
A Unique Node List (UNL) is a core component of the XRPL consensus mechanism that acts as a trusted validator directory to ensure network integrity and transaction finality.
A Rare Ripple Outage
He confirmed that no assets on XRPL were lost, adding, “It just caused ledgers not to be seen as trusted for about an hour.”
The incident occurred during a period of changes for the network as it recently reduced its base reserve requirement from 10 XRP to 1 XRP.
Additionally, the validator structure was modified in 2023 to reduce Ripple’s influence to 2 out of 35 validators.
The network had faced other technical issues in recent months, including a node crash in November 2024 and full history node failures in September requiring emergency patches.
XRP Price Tanks
XRP prices have taken a hit, dumping 10% on the day in a fall to $2.45 following the incident The cross-border payment token was trading at $2.49 at the time of writing, down 26% from its 2025 high of $3.38 in mid-January.
XRP fell back to $2 following the imposition of Donald Trump’s trade tariffs over the weekend but managed to recover to almost $2.80 on Feb. 4.
Ripple’s native token has performed very well in the recent crypto rally, having gained almost 400% since the same time last year. Nearly all of those gains have come in the past three month,s with the change in guard in American politics promising a brighter future for crypto companies.