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Home»ALTCOIN NEWS»Ethereum competitor Avalanche (AVAX) suffered a 5-hour network outage.
ALTCOIN NEWS

Ethereum competitor Avalanche (AVAX) suffered a 5-hour network outage.

By Crypto FlexsFebruary 25, 20242 Mins Read
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Ethereum competitor Avalanche (AVAX) suffered a 5-hour network outage.
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Avalanche (AVAX), a prominent layer 1 blockchain and rival to Ethereum (ETH), suffered a network outage that lasted 5 hours.

According to Avalanche data tracking platform Avalanche Status, the blockchain suffered an outage that resulted in blocks not being accepted on the underlying network.

“Developers across the community are currently investigating block finalization delays where blocks are not accepted on the underlying network. “Updates will be posted here as the matter is investigated.”

However, a later update resolved the issue as of Friday morning.

According to Patrick O’Grady, Vice President of Platform Engineering at Ava Labs, the issue was resolved by upgrading to AvalancheGo v1.11.1. rooted Node validator is over-communicating.

“Upgrade your nodes to v1.11.1 on AvalancheGo. In this release, logic added in v1.10.18 prevents validators from sending excessive amounts of rumors to each other.

Avalanche validators provide a stake-weighted bandwidth allocation for each peer, and this buggy logic caused each node to have its allocation saturated with useless transaction rumors.

This dynamic prevented pull queries issued by validators from being processed in a timely manner and delayed consensus (as investigations were not processed).”

The outage had little effect on the price of AVAX, which is trading at $35.55 at the time of writing, down 1.85% in the last 24 hours.

Earlier this month, Solana (SOL), another Layer 1 competitor to ETH, also suffered a five-hour outage, leading cryptocurrency exchange UpBit to halt deposits and withdrawals of both SOL and SOL-based products at the time.

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Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may incur. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.

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