The Arbitrum team has successfully restored the network after a technical failure

The Arbitrum team has successfully restored the network after a technical failure

user avatar

by Max Nevskyi

3 years ago

On the evening of Friday, December 15th, the Arbitrum One network experienced temporary issues from 18:29 to 19:57 Moscow time, caused by a significant increase in network traffic. At this moment, it has fully restored its stable operation without interruptions.

The team is actively investigating the incident, but we can confirm that a stable surge in transactions triggered the sequencer to halt transaction processing properly.stated in the project's announcement.

Specialists from the Arbitrum team have promised to provide details about the incident in the coming days.

We appreciate the community's patience and understanding during the investigation period. Gas prices on Arbitrum One have stabilized, and operations have returned to normal. We continue to gather information.added by the team.

The co-founder and technical director of Offchain Labs, responsible for Arbitrum, shared his comments on the incident.

Today was a challenging day. We've learned many lessons and put in a lot of work to ensure Arbitrum's ability to provide the high quality people rightfully expect. Web3 development is tough, but together, we are building a better future.he wrote.

Remember that in June, there was an error in the Arbitrum sequencer mechanism, which led to a temporary pause in the execution of transaction batches on the Ethereum network.

In October, Offchain Labs provided the capability to launch L3 networks based on the mainnet.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Solana Activates Alpenglow Consensus Protocol on Mainnet

On October 21, 2023, Solana activated the Alpenglow consensus protocol on its mainnet, aiming to reduce transaction finality from approximately 128 seconds to about 150 milliseconds.

user avatarRajesh Kumar

US-listed Bitcoin ETFs See Major Recovery with $176 Million in Inflows

US-listed Bitcoin ETFs have seen a significant recovery with $176 million in inflows on Tuesday, following $110 million on Monday, after facing $774 million in outflows earlier.

user avatarFilippo Romano

Ethereum ETFs Struggle with $149 Million in Outflows as Bitcoin Recovers

Ethereum ETFs face significant net outflows of approximately $149 million, contrasting with the recovery of Bitcoin ETFs.

user avatarLucas Weissmann

Euronext Suspends CoinShares Zcash ETP on Launch Day

Euronext has suspended the CoinShares Zcash exchange-traded product (ETP) on the very day it was scheduled to debut on Euronext Paris due to operational settlement requirements.

user avatarEmily Carter

OCC Finalizes Rule for Stablecoin Issuers Under GENIUS Act

The OCC has finalized a rule for stablecoin issuers under the GENIUS Act, establishing standards for reserve backing, redemption obligations, and risk management, effective January 18, 2027.

user avatarTomas Novak

CoinDCX Acknowledges $159.9 Million Loss Linked to Retired Wallets

Indian cryptocurrency exchange CoinDCX has acknowledged a significant financial loss of $159.9 million linked to its retired wallet infrastructure due to a failed automated transfer process.

user avatarKaterina Papadopoulou

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.