Arbitrum Network Stalled Due to Sequencer Downtime
The Arbitrum network, an Ethereum L2 (Layer 2) rollup, experienced some difficulties that caused a complete stop in the production of blocks and the confirmation of transactions. According to reports from the Arbitrum team, this incident had to do with downtime regarding its sequencer, a special node that manages the order of transactions, leaving the network unusable for approximately seven hours. Arbitrum Stalls for 7 Hours The network of Arbitrum, an optimistic scaling rollup for the Ethereum network, stopped completely on January 9, leaving users unable to make transactions....
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A seven-hour Sequencer outage prevented transactions from being processed for the period, but all is operational again at the time of publication. The Ethereum layer-two network Arbitrum has suffered its second outage in less than five months following a hardware failure.Arbitrum is back online at the time of writing but the team did report some downtime during the late hours of Jan. 9. The timing of the tweets suggests that the network was down for around seven hours.At the time, the Offchain Labs platform reported that it was experiencing some issues with the sequencer which prevented....
Arbitrum (ARB), a Layer-2 scaling solution for Ethereum, has been on an eventful journey, with its promise of enhanced scalability and efficiency facing continuous scrutiny. Recent downtime incidents and declining metrics have raised concerns among investors and users, challenging the network’s resilience. This kind of downtime raises concerns about the network’s stability and the potential impact on users and DeFi protocols running on the platform. Traders and investors, already cautious about the rapidly evolving cryptocurrency landscape, may need more time to engage with a....
The Nitro upgrade will further improve the transaction fee crisis that has plagued the growth of the Ethereum network over the last two years. Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum.Referred to as the “Nitro” upgrade, Arbitrum reconfirmed the date of the upgrade in a Twitter post on Aug. 29, confirming that the upgrade will take effect on Aug. 31 at 10:30 AM Eastern Time, while noting a....
As one of the after-merge solutions, Ethereum added Arbitrum to its layer-2 mainnet. The Ethereum network expects the Arbitrum scaling tool to eliminate the problem of high transaction fees and optimize network scalability. Arbitrum scaling tool enables users access to DeFi applications. Arbitrum network makes token swap almost extremely cheap at 0.60 cents. The recent […]
Solana’s validators are preparing a new release after the network was brought down by a sudden surge in transaction volume while Ethereum has evaded a malicious attack. Surging Ethereum rival, Solana (SOL), has shed 15% of its value over the past 24 hours after suffering a denial-of-service disruption.On Sept. 14 at 12:38 pm UTC, Twitter account Solana Status announced that Solana’s mainnet beta had been suffering intermittent instability over a 45-minute period.Six hours after announcing the incident, Solana Status explained that a large increase in transaction load to 400,000 per second....