COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Significant Network Interruption on Ethereum’s Layer-2 Arbitrum One
Share
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Crypto Tracker App
  • Bitcoin
  • Altcoin
  • Ethereum
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Blockchain News > Significant Network Interruption on Ethereum’s Layer-2 Arbitrum One
Blockchain News

Significant Network Interruption on Ethereum’s Layer-2 Arbitrum One

In Brief

  • On the Ethereum network, due to expensive transaction fees and network congestion, Layer-2 networks emerged as a solution proposal, but troubles in these networks persist. Accordingly, the popular Ethereum Layer-2 network, Arbitrum One, experienced a partial outage on December 15th, according to a warning on the network’s official status website. So, why did the outage […]
COINTURK NEWS
COINTURK NEWS 2 years ago
Share
SHARE

On the Ethereum network, due to expensive transaction fees and network congestion, Layer-2 networks emerged as a solution proposal, but troubles in these networks persist. Accordingly, the popular Ethereum Layer-2 network, Arbitrum One, experienced a partial outage on December 15th, according to a warning on the network’s official status website. So, why did the outage occur? Let’s examine it together.

How Did the Process Begin?

According to the warning issued on the subject, the sequencer stopped during a significant increase in network traffic. Data taken by Arbitrum ecosystem’s explorer, Arbiscan, indicates that some blocks were produced. However, during this process, it seems that only two transactions were being processed in each block.

Contents
How Did the Process Begin?Official Statement on the Matter

Many Arbitrum users went to discuss whether the outage was caused by minting transactions. This possibility would explain the low number of transactions seen in each block. However, this possibility was not confirmed by the team.

Inscriptions are known as a type of data format preferred in some blockchain networks, and they often attract attention as a cultural product emerging through images. Inscriptions tokens appeared in the Bitcoin ecosystem in January but recently started to take place in the Arbitrum network as well, thanks to the MemeOrdi protocol.

Official Statement on the Matter

In Arbitrum’s official Discord server, community manager Ricardo Gordon announced that the team is working to resolve the situation as soon as possible and will soon provide a post-mortem.

The Arbitrum network, especially after the airdrop event, made a significant impact in the Web3 sector. The crash of the website opened for the airdrop due to high traffic and the fact that users could not perform airdrop claim transactions for a long time had been a topic of discussion. Subsequent lack of action by the Arbitrum team towards the network led to the ARB token price remaining stable and investors targeting the team regarding the issue.

Following the airdrop event, ecosystem activities continue to decline. Particularly, users who engaged in airdrop farming appearing in different ecosystems suggest that Arbitrum may be missing its old days.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

BlackRock’s Blockchain-Based Fund Delivers Substantial Returns

Tokenized Silver Market Soars with Unprecedented Volume Growth

JPMorgan Taps into Blockchain to Propel Financial Transactions

Quantum Computing Threats Challenge Blockchain Stability

MENA Dominates Blockchain Gaming Industry with Rapid Growth

COINTURK NEWS 16 December, 2023 - 1:28 am 15 December, 2023 - 11:06 pm
Share This Article
Facebook Twitter
Share
Previous Article BRC-20 Tokens Surge in Popularity with Notable Gains
Next Article Understanding the Real Reason Behind Bitcoin’s Price Movements and Shiba Coin’s Current Status
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Tensions Stall Bitcoin as Uncertainty Looms
Cryptocurrency News Economy
Bitcoin Is Poised for a Bullish Breakout
Litecoin (LTC)
Dive into Price Predictions: XRP, SOL, and DOGE on the Rise
Dogecoin (DOGE) Ripple (XRP)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?