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

Ethereum Surpasses Solana in Fees and Network Activity

Recent data shows Ethereum significantly outperformed Solana in network fees and active addresses, generating approximately $27 million in fees compared to Solana's $70,000, with Ethereum's active addresses nearing 600,000.

Leo van der Veen33 minutes ago

Bitcoin Faces Decline Amidst Rising Oil Prices and Geopolitical Tensions

Bitcoin's value has dropped below $77,000 as crude oil prices surge, influenced by geopolitical instability and failed US-Iran negotiations.

Li Weicheng2 hours ago

Litecoin Developers Uncover Critical MWEB Validation Flaw

Litecoin developers revealed a significant flaw in the Mimblewimble Extension Block (MWEB) implementation that allowed an attacker to inflate pegout by over 85 LTC.