WEB3

Starknet Suffers 4-Hour Outage: Here Are Crucial Details

by BSC News

April 5, 2024

chain

The disruption, attributed to a rounding error bug triggering a block reorganization, resulted in a transaction backlog, hindering the network's full capacity operation.

Starknet, a layer-2 protocol on Ethereum's network, recently suffered with a notable setback. An unexpected block reorganization within the network led to a transaction backlog, sending Starknet into a four-hour outage, leading to a halt in block production.

Starknet's Revelation

On April 4, Starkscan, the block monitoring tool for Starknet, disclosed a noticeable gap between the creation of blocks 630028 and 630029, indicating a disruption in block production. 

Surprisingly, Starknet's official status page made no mention of any ongoing outage, raising questions. 

Source: Starknet Status

In a later statement, Starknet blamed the outage on a rounding error bug that triggered the block reorganization. Although block production appeared to have continued unaffected, the reorganization resulted in a transaction backlog, preventing the network from operating at full capacity.

As a result of Starknet's outage, STRK's value declined over 3.5% and is trading at $1.87, as of writing. 

Starknet's Development Trajectory 

Launched in November 2021 by StarkWare, Starknet emerged as a pivotal layer-2 solution for Ethereum and its growing ecosystem of applications. Starknet reached an impressive $8 billion valuation with the help of substantial investments from industry heavyweights such as GreenOaks Capital, Tiger Global, and Paradigm. 

Starknet's recent outage joins a string of disruptions plaguing prominent blockchain networks. Solana, a notable example, encountered a significant outage in early February 2024, halting block progression on its mainnet for over five hours.

Disclaimer

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article

Related News

More News

ARB

June 18, 2024

;