Close Menu
    Facebook X (Twitter) Instagram
    • About Us
    • Contact Us
    Facebook X (Twitter) Instagram
    Grokfans
    • Home
    • Crypto
    • Bitcoin
    • Blockchain
    • Altcoin
    • cryptocurrency
    • Ethereum
    Grokfans
    Bitcoin

    Avalanche C-Chain encounters block production pause, AVAX price reacts

    danygeemarketingBy danygeemarketingFebruary 23, 2024No Comments3 Mins Read

    Amongst latest developments, the Avalanche (AVAX) C-chain encounter Block manufacturing was severely disrupted, inflicting it to cease for greater than an hour. The outage affecting the principle community was noticed through the Avascan browser, with the final transaction recorded at block 42046853 (UTC+8 19:13).

    Whereas different subnetworks skilled minor delays, the principle community was essentially the most affected.

    Avalanche C-Chain Block Manufacturing Stopped

    Ava Labs, the crew behind the Avalanche protocol, acknowledged the difficulty and instantly launched an investigation. in response to Avalanche co-founder Kevin Sekniqi stated the outage is believed to be associated to a brand new wave of inscriptions launched about an hour earlier than the block manufacturing was interrupted.

    Secnic expressed his perception that the incident was attributable to a “profound error” attributable to an untested edge case and harassed the necessity for a fast decision.

    Presumably the outage is said to a reminiscence pool dealing with subject particularly associated to Inscription, which encountered an untested edge case.

    When requested about the potential for such untested situations, Sekniqi admitted that whereas ideally there ought to be no untested edge instances, the sheer dimension and fixed updates of the code base make it potential to foretell each potential situation Difficult.

    avalanche
    Avalanche C-Chain outage notification. Supply: @PeckShield on X

    The Avalanche co-founder additional clarified that thorough testing was performed on the testnet, however the complexity of the mainnet atmosphere could pose “unexpected challenges.”

    At present, the Avalanche protocol has not launched additional official statements, awaiting additional reviews and updates from the event crew to be taught extra concerning the scenario.

    AVAX value drops

    Throughout the halt in block manufacturing, the worth of AVAX, the native token of the Avalanche protocol, confirmed a damaging response, additional extending an ongoing downward development that started at $43 on Thursday.

    As of now, the worth of AVAX has reached $36.13, down greater than 2% previously 24 hours and a pointy 11.7% drop previously 7 days.

    avalanche
    The day by day chart exhibits that AVAX’s value is trending downward. Supply: AVAXUSD on TradingView.com

    The subsequent steps taken by the Avalanche crew in response to this case, in addition to the impression on AVAX value, are nonetheless to be decided.

    Featured picture from Shutterstock, chart from TradingView.com

    Disclaimer: This text is for instructional functions solely. It doesn’t signify NewsBTC’s opinion on whether or not to purchase, promote or maintain any funding, and funding naturally entails dangers. It is suggested that you just conduct your personal analysis earlier than making any funding resolution. Use of the data supplied on this web site is fully at your personal threat.

    Source link

    danygeemarketing
    • Website

    Related Posts

    Cryptocurrency experts predict that Bitcoin will reach $650,000 due to this reason

    April 16, 2024

    Ripple sends major update to all XRP users

    April 16, 2024

    How Bitcoin affects financial inclusion for minorities

    April 16, 2024

    Analysts point to possible 30% correction in Bitcoin, call for caution

    April 16, 2024
    Add A Comment

    Leave A Reply Cancel Reply

    Legal Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.