<![CDATA[<figure class="image"><img src="https://cimg.co/news/123884/327275/unlock.jpeg" srcset="https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_1280_848.jpeg 1280w, https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_1200_795.jpeg 1200w, https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_900_596.jpeg 900w, https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_720_477.jpeg 720w, https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_600_398.jpeg 600w, https://cimg.co/news/123884/327275/responsive-images/unlock___media_library_original_300_199.jpeg 300w" width="1280" class="content-img" alt=""><figcaption>Source: Adobe / 24Novembers</figcaption></figure>StarkWare, the development firm behind <a href="https://cryptonews.com/tags/ethereum">Ethereum</a> scaling solution Starknet, has released funds that got locked up following a system upgrade last week.In a post on social media platform X, StarkWare said a total of $550,000 worth of crypto held in accounts that had not been upgraded had become &ldquo;temporarily inaccessible&rdquo; after the upgrade.That happened after all Starknet users earlier this year were asked to &ldquo;perform an essential upgrade to their account.&rdquo;&ldquo;As of today, the upgrade is reenabled, allowing users to immediately regain access to their accounts,&rdquo; the StarkWare team wrote in the post.<figure class="media"><oembed url="https://twitter.com/StarkWareLtd/status/1696933272800915647"></oembed></figure>The fact that accounts that had not been upgraded suddenly became inaccessible came as a surprise to many users, with some expressing their frustration with the whole case on X.The lock-up is the &ldquo;equivalent of having the money in your bank account disappear if you don't get the latest software package,&rdquo; <a href="https://twitter.com/0xSisyphus/status/1696868511941816762">wrote</a> one user.&ldquo;Thank You For Flying With StarkWare Airlines,&rdquo; the user added.Others made fun of the whole incident, with one user ironically <a href="https://twitter.com/chainyoda/status/1696875339702546526">asking</a> &ldquo;Is that the zero in zero knowledge?&rdquo;<h2 id="testnet-launched-in-july">Testnet launched in July</h2>Back in July, <a href="https://cryptonews.com/news/ethereum-scaler-starknet-launches-testnet-for-transformative-quantum-leap-upgrade.htm">Starknet launched the testnet</a> for a major new upgrade called the Starknet Quantum Leap.At the time, the testnet launch was the first step towards bringing the upgraded solution to the mainnet.The upgrade has since the beginning been touted as key to boost transaction throughput on the network, and the team described the improved throughout as &ldquo;unparalleled&rdquo; in the Ethereum ecosystem.According to a blog post at the time, the throughput &ldquo;surged&rdquo; from an average of 30,000 Cairo steps per second (CSPS) on the previous version, to 220,000 CSPS in Quantum Leap, representing close to a 10x increase.The last upgrade necessary to complete the Starknet Quantum Leap launched on mainnet on August 21, with the team promoting the upgrade as infrastructure developers can use &ldquo;to build amazing frontends!&rdquo;<figure class="media"><oembed url="https://twitter.com/Starknet/status/1693587791878226332"></oembed></figure>
]]>

Funds Unlocked: StarkWare Addresses Upgrade-Related Lockouts – Here's What Happened

Table of Contents

Cryptonews.com

Other articles published on Aug 31, 2023

LBank's $PINS IEO Ends with 51,556,343 USDT in Investments, PINs Network (PINS) will be listed in...

Ethereum Wallet Dumps Hints Towards Potential Price Bounce

The Telos Foundation Announces Strategic Listing of $TLOS on first North American Exchange– Uphold

Shiba Inu Price Prediction: SHIB Approaches Key Resistance Level; What’s next for InQubeta?

Hoskinson Addresses Cardano NFTs

Bitcoin’s Upward Trend Faces Hurdle as Trading Volume Shrinks

Join our free newsletter for daily crypto updates!