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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 […]
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COINTURK NEWS 1 year ago
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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.

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

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.

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.

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COINTURK NEWS 16 December, 2023 - 1:28 am 15 December, 2023 - 11:06 pm
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