Avalanche

Wrapped AVAX

<p><em><strong>The Avalanche blockchain faced a major issue recently, with PeckShield, a company specializing in blockchain security and data analytics, reporting that it failed to produce new blocks for more than an hour.</strong></em></p><h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>The Avalanche developers have acknowledged the problem and are currently investigating issues with block finalization on the mainnet.</p><h3 id="avalanche-blockchain-downtime-response-and-impact">Avalanche Blockchain Downtime: Response and Impact</h3><p>The <a href="https://cryptosheadlines.com/the-team-behind-floki-inu-cautions-users-about-fraudulent-floki-airdrops/" rel="noopener noreferrer nofollow">team behind Avalanche has directed users</a> to the official Avalanche status page for ongoing updates regarding the significant downtime experienced by the blockchain. Ömer Demirel, director at Avalanche, described the incident as a clear reminder of Avalanche’s vulnerability.</p><p>The downtime has drawn attention to ACP-13, also known as subnet-only validators, which is a proposed <a href="https://cryptosheadlines.com/solution-deployed-to-restart-sol-network-amid-outage/" rel="noopener noreferrer nofollow">solution to enhance the network’s</a> resilience. This proposal aims to empower subnets to operate independently from primary network validation duties.</p><p>Despite the unexpected downtime, the AVAX <a href="https://cryptosheadlines.com/release-of-500-million-xrp-tokens-from-escrow-causes-price-drop/" rel="noopener noreferrer nofollow">token only experienced a minor price drop</a>, losing approximately 2.1% of its value. As per CoinGecko data, the token is currently trading at $36.24.</p><h3 id="strong-altcoin-market-resilience-avax-and-solana-downtime-comparison-strong"><strong>Altcoin Market Resilience: AVAX and Solana Downtime Comparison</strong></h3><p>Despite experiencing over an hour of downtime, the AVAX token’s minor price drop aligns with the broader movement in the altcoin market. This indicates that <a href="https://cryptosheadlines.com/avalanche-network-avax-outlook-for-2024/" rel="noopener noreferrer nofollow">AVAX was relatively unaffected by the network</a> disruption.</p><h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim $50 Worth Of 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><p><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /></p><p>Solana, another prominent blockchain network recognized for its high throughput and low latency, faced a similar outage around two weeks ago, lasting approximately five hours. During this period, <a href="https://cryptosheadlines.com/10-million-in-solana-tokens-moved-to-binance-sol-price-impact/" rel="noopener noreferrer nofollow">Solana’s SOL token experienced a temporary decline in price</a>. However, it notably rebounded shortly afterward.</p><p><a href="https://cryptosheadlines.com/crypto-bull-run-2024-keep-an-eye-on-these-7-altcoins-for-big-returns/" rel="noopener noreferrer nofollow">Also Read:   Crypto Bull Run 2024: Keep an Eye on These 7 Altcoins for Big Returns</a></p><p><em><strong>Important:</strong> Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.</em></p>

Avalanche Blockchain Downtime Briefly Impacts AVAX Token Price

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