2024

DeFi

Kevin

Block

Avalanche

<h4><strong>This unexpected pause has raised concerns and prompted an immediate investigation from stakeholders and the network’s developers.</strong></h4> 
<p>According to data from <a href="https://avascan.info/" target="_blank" rel="noopener">Avascan</a>, a widely used block explorer for the Avalanche network, the last transaction recorded on the Avalanche C-Chain occurred at block number 42046853, timestamped at 19:13 UTC+8.</p> 
<h5><strong>Urgent Fix Sought for Avalanche C-Chain Issue</strong></h5> 
<p>Block production halt impacts C-Chain and causes delays in Avalanche’s subnets, signaling a critical network-wide issue. Sekniqi, Co-Founder of Ava Labs stated the incident.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago.</p> 
 <p>— Kevin Sekniqi <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f53a.png" alt="🔺" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@kevinsekniqi) <a href="https://twitter.com/kevinsekniqi/status/1761003218836873728?ref_src=twsrc%5Etfw">February 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Preliminary findings link the block production halt to a recently introduced inscription feature. <a href="https://www.altcoinbuzz.io/?s=inscriptions" target="_blank" rel="noopener">Inscriptions</a> let users embed and permanently store data on the Avalanche blockchain. The feature’s deployment aimed to improve functionality but unintentionally impacted network stability.</p> 
<p>Users and developers depend on uninterrupted block production for transactions, smart contracts, and dApp interactions Ava Labs is actively working to identify the issue and restore normal operations quickly. So, the incident highlights the challenges blockchain networks face by introducing new features to meet DeFi and community demands.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">Avalanche is down<img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>The last block on the Avalanche C-Chain appears to have been more than an hour ago, according to on-chain data.<a href="https://twitter.com/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$AVAX</a> <a href="https://t.co/P5pUZdzDTQ">pic.twitter.com/P5pUZdzDTQ</a></p> 
 <p>— Dagnum P.I. (@Dagnum_PI) <a href="https://twitter.com/Dagnum_PI/status/1761016916326465934?ref_src=twsrc%5Etfw">February 23, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>As the situation unfolds, the Avalanche community and investors are closely monitoring updates from Ava Labs and supporting efforts to resolve the issue. The halt in block production serves as a reminder of the technical complexities and potential vulnerabilities associated with operating and innovating on blockchains.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-large wp-image-123701" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg" sizes="(max-width: 696px) 100vw, 696px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1.jpg 1197w" alt="" width="696" height="86"></a></p> 
<div class="youtube-embed" data-video_id="9zkJ6k-R51M">
 <iframe title="If You TIME This NEXT BIG Crypto Narrative Right YOU Could Make MILLIONS!!!" width="696" height="392" src="https://www.youtube.com/embed/9zkJ6k-R51M?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
</div> 
<p><strong>Disclaimer</strong><br> The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/avalanche-c-chain-block-production-halts/">Avalanche C-Chain Block Production Halts</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Avalanche C-Chain Block Production Halts

Altcoin Buzz

Other articles published on Feb 23, 2024

European Central Bank sees rare annual deficit after 20 years

AI to the Rescue: Reviving Australia’s Giant Kelp Forests

Ethereum Price Hovers Around $3,000 Mark, Bulls Strive for Breakout

Kraken strikes to dismiss the SEC lawsuit, claims regulatory overreach

Macro Trends Poised to Spark Historic Crypto Bull Market; 2024 Looks Bright for Optimism and Chai...

Bitcoin Mining Firm Riot Platforms Gave Record Break Revenues

Join our free newsletter for daily crypto updates!