-6.7 C
New York
January 22, 2022
Crypto News

Arbitrum Network Stalled Due to Sequencer Downtime – Bitcoin News

The Arbitrum community, an Ethereum L2 (Layer 2) rollup, skilled some difficulties that precipitated an entire cease within the manufacturing of blocks and the affirmation of transactions. According to stories from the Arbitrum staff, this incident had to do with downtime relating to its sequencer, a particular node that manages the order of transactions, leaving the community unusable for roughly seven hours.

Arbitrum Stalls for 7 Hours

The community of Arbitrum, an optimistic scaling rollup for the Ethereum community, stopped utterly on January 9, leaving customers unable to make transactions for roughly seven hours. The Arbitrum staff knowledgeable customers that the difficulties have been attributable to points with their most important sequencer node, which skilled a {hardware} failure that led to the community stall. According to Arbitrum docs, the sequencer is a “specially designated full node, which is given limited power to control the ordering of transactions.”

The Twitter account of the rollup reported the problem first, clarifying they have been experiencing sequencer downtime and stating that each one the funds have been protected.

In a submit mortem submit, Offchain Labs explained that there have been different conditions that additionally contributed to the state of affairs that the rollup confronted, noting:

While we typically have redundancies that will permit a backup Sequencer to seamlessly take management, these additionally failed to take impact this morning due to a software program improve in course of. As a end result, the Sequencer stopped processing new transactions.

Problems in Rollup Land

This isn’t the primary time that Arbitrum has confronted issues relating to the operation of its community. The service confronted the identical sort of situation again in September when the Sequencer failed that point as effectively. This precipitated the community to grow to be non-operational for 45 minutes. At the time, Offchain Labs stated:

The root reason for the downtime was a bug inflicting the Sequencer to get caught when it obtained a really massive burst of transactions in a brief time frame. The situation has been recognized and a repair has been deployed.

While Ethereum has targeted on scaling utilizing any such answer, the proposal has nonetheless not been effectively obtained by some customers. According to Delphi Digital, these L2 options are “losing market share to L1’s in recent months, despite the migration of DeFi protocols from Ethereum.”

Even so, Arbitrum is the primary rollup answer within the Ethereum ecosystem when it comes to whole worth locked (TVL), having launched on mainnet final August. The answer has over $2.62 billion in whole worth locked, in accordance to data from L2beat, an Ethereum L2 statistics service.

What do you concentrate on Arbitrum’s latest downtime? Tell us within the feedback part under.

Sergio Goschenko

Sergio is a cryptocurrency journalist primarily based in Venezuela. He describes himself as late to the sport, getting into the cryptosphere when the price rise occurred throughout December 2017. Having a pc engineering background, residing in Venezuela, and being impacted by the cryptocurrency growth at a social degree, he provides a unique standpoint about crypto success and the way it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational functions solely. It isn’t a direct supply or solicitation of a suggestion to purchase or promote, or a suggestion or endorsement of any merchandise, companies, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any injury or loss precipitated or alleged to be attributable to or in reference to using or reliance on any content material, items or companies talked about on this article.

Related posts

Bitcoin Dominance Increases, ETH’s Market Share Slides, Stablecoin and Smart Contract Coins Rise – Market Updates Bitcoin News

Crypto Advisor

Michael Jordan and Son Reveal First Tech Venture, Heir Platform to Feature NFTs and Leverage Solana – Bitcoin News

Crypto Advisor

Mad Money’s Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate – Altcoins Bitcoin News

Crypto Advisor

Leave a Comment