Ethereum

Litecoin

Impact

Dogecoin

Avalanche

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/smart-contract-platform-avalanche-faces-network-interruption" rel="noopener noreferrer nofollow">Smart Contract Platform Avalanche Faces Network Interruption</a><br></p>
<p style="text-align: justify">The Avalanche (AVAX) network, known as a strong competitor to Ethereum in the realm of smart contract platforms, recently suffered a service disruption. The halt in the network’s functionality, which is not an isolated incidence within the crypto space, echoes a pattern seen in other platforms like <a href="https://en.bitcoinhaber.net/solanas-surge-amid-ethereums-gas-fee-spike-a-glimpse-into-the-blockchain-rivalry" rel="noopener noreferrer nofollow">Solana</a>, which has normalized experiencing a few outages annually.</p>
<h2 id="avalanche-network-grinds-to-a-halt">Avalanche Network Grinds to a Halt</h2>
<p style="text-align: justify">During the incident, the production of new blocks on the Avalanche network ceased unexpectedly. Ava Labs’ Kevin Sekniqi acknowledged the issue and pointed to a surge in inscriptions, a concept familiar to Bitcoin ordinals, as a possible culprit. These inscriptions are known to heighten the burden on a network and potentially cause prolonged disruptions.</p>
<h2 id="impact-and-response">Impact and Response</h2>
<p style="text-align: justify">Sekniqi expressed that the current setback was likely triggered by untested scenarios within the network, particularly concerning the processing of the transaction pool (mempool). The team at Ava Labs was actively investigating the anomaly to restore normal operations. Historical precedents in networks such as Litecoin and Dogecoin suggest that once resolved, the incident could prompt a swift counteraction to the initial market sell-off. Consequently, traders are advised to brace for potential volatility in futures trading.</p>
<p style="text-align: justify">The interruption had a tangible impact on AVAX’s market value, causing a slight dip from $36.7 to $36.23. Market participants are closely monitoring the situation for updates and potential trading opportunities post-recovery.</p>
<p style="text-align: justify">As the crypto community awaits further developments, the event serves as a reminder of the fragility of even the most robust blockchain networks and the importance of continuous improvement to handle growing traffic and emerging use cases.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/smart-contract-platform-avalanche-faces-network-interruption" rel="noopener noreferrer nofollow">Smart Contract Platform Avalanche Faces Network Interruption</a></h5>

Smart Contract Platform Avalanche Faces Network Interruption

目錄

BH NEWS

在 2024年2月23日發表的其他文章

The Impact of Bitcoin Halving and Ordinals Revenue

Nvidia’s Market Surge Outshines Gold Industry Titans

Ethereum Maintains Leadership as Smart Contract Platform While Injective Rises

Aelf launches AEVOLVE Labs for Blockchain Innovation

Kraken Calls for Dismissal of SEC Lawsuit

Will EU’s Anti-Money Laundering Authority Scare Crypto Companies Away?

訂閱免費電子報，每天收取加密貨幣最新動態！