Emergency Network Halt

Definition ∞ An emergency network halt is a deliberate suspension of operations on a blockchain network, typically initiated by core developers or a governing body. This drastic measure is reserved for critical situations, such as discovering a severe bug or an ongoing attack. The purpose is to prevent further damage, protect user funds, and allow for a controlled resolution. Such a halt temporarily stops all transaction processing.
Context ∞ Emergency network halts are significant events in crypto news, often causing market reactions and raising questions about network centralization. While necessary for security, these pauses can undermine the perception of decentralization and immutability. The decision-making process behind such halts is frequently a subject of community debate and scrutiny.