Wednesday, July 3, 2024

Ethereum Competitor Avalanche (AVAX) Suffers 5-Hour Community Outage

Outstanding layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour community outage.

Based on Avalanche data-tracking platform Avalanche Standing, the blockchain went by an outage that prevented blocks from being accepted on its main community.

“Builders throughout the group are at present investigating a stall in block finalization that’s stopping blocks from being accepted on the first community. Updates shall be posted right here as the problem is investigated.”

Nonetheless, the problem has since been resolved as of Friday morning attributable to an replace.

Based on Patrick O’Grady, Ava Labs’ vp of platform engineering, upgrading to AvalancheGo v1.11.1 solved the problem, which was rooted in node validators excessively speaking.

“Please improve your node to AvalancheGo to v1.11.1. This launch disables logic added in v1.10.18 that led to validators sending an extreme quantity of gossip to one another.

Avalanche Validators provision a stake-weighted bandwidth allocation for every peer and this buggy logic led to every node saturating their allocation with ineffective transaction gossip.

This dynamic prevented pull queries issued by the validator from being processed in a well timed method and led to consensus stalling (as no polls had been being dealt with).”

The outage had little impression on the value of AVAX, which is buying and selling for $35.55 at time of writing, a 1.85% lower over the last 24 hours.

Earlier this month, Solana (SOL) – one other layer-1 competing with ETH – additionally suffered a five-hour outage, inflicting crypto change UpBit to droop deposits and withdrawals of each SOL and SOL-based merchandise on the time.

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