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

by Max Nevskyi

2 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.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

JPMorgan Launches New Blockchain-Based Money Market Fund

JPMorgan is launching a new blockchain-based money market fund that will invest in US treasury securities.

Ayman Ben Youssef2 hours ago

XRP Ledger Gains Attention as Banks Prepare for SWIFT Changes

Banks are increasingly interested in the XRP Ledger as they prepare for changes to the SWIFT messaging system, recognizing its efficiency and compliance with new ISO 20022 standards.

Nguyen Van Long2 hours ago

SWIFT's New ISO 20022 Mandate to Transform Global Banking

A crypto analyst warns that the global banking system will undergo significant changes due to SWIFT's new ISO 20022 mandate, which will take effect in November 2026.

Tando Nkube2 hours ago

Ethereum Market Experiences Calm Amid Strong ETF Inflows

The Ethereum market is currently witnessing a notable calm after a period of increased activity, particularly on cryptocurrency exchanges. As bullish momentum gradually returns, the ETH Exchange Flux Balance indicates reduced trading activity.