2024

Avalanche

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The Avalanche blockchain has <a href="https://twitter.com/peckshield/status/1761011766157275395">experienced</a> significant downtime, failing to produce new blocks for over an hour, according to PeckShield, a blockchain security and data analytics company.
The Avalanche developers have already acknowledged the issue, stating that they are actively investigating block finalization issues on the mainnet.&nbsp;
The team has directed users to the official Avalanche status page for ongoing updates.
<blockquote>
 Developers across the community are currently investigating block finalization issues on mainnet. Please visit <a href="https://t.co/A5cCGIIGkt">https://t.co/A5cCGIIGkt</a> for updates.— Avalanche Developers 🔺 (@AvaxDevelopers) <a href="https://twitter.com/AvaxDevelopers/status/1761006474304593966?ref_src=twsrc%5Etfw">February 23, 2024</a>
</blockquote> 
Ömer Demirel, director at <a href="https://u.today/avalanche-avax-price-adds-400-in-two-months-details">Avalanche</a>, framed the downtime as a stark reminder of Avalanche's Achilles' heel. The incident brought ACP-13, or subnet-only validators, into the spotlight. It is a proposed fix aimed at beefing up the network's resilience by letting subnets break free from the shackles of primary network validation duties.&nbsp;
<blockquote>
 Today's outage is a good example of why we need ACP-13 (Subnet-Only Validators), which will improve the Avalanche network's fault tolerance by relieving subnets from primary network validation duty. Details for the curious: <a href="https://t.co/BzOU5Bjuzr">https://t.co/BzOU5Bjuzr</a>— :omer (@demirelo) <a href="https://twitter.com/demirelo/status/1761021411886330266?ref_src=twsrc%5Etfw">February 23, 2024</a>
</blockquote> 
Despite the unexpected downtime, the AVAX token experienced only a minor price drop, shedding about 2.1% of its price. The token is currently trading at $36.24, according to CoinGecko data. &nbsp;&nbsp;
This price drop aligns with the broader altcoin market, meaning that AVAX has been hardly affected by the network experiencing more than an hour of downtime.&nbsp;
Solana, another major blockchain network known for its high throughput and low latency, <a href="https://u.today/solanas-fall-explained-what-investors-missed">experienced</a> a similar outage two weeks ago, lasting approximately five hours. The incident led to a temporary dip in Solana's SOL token price, though it notably rebounded shortly thereafter. &nbsp; &nbsp;

Avalanche Faces Downtime, AVAX Price in Red

U_Today

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