Thursday, July 25, 2024

Due to a hardware malfunction, the Arbitrum network experiences a brief outage.

The layer-two network of Ethereum, Arbitrum, suffered a minor outage which delayed the payments of its users. The news went popular as it was the second outage within less than five months. The network Arbitrum posted during the time of outage that they are facing an issue with Sequencer. Further, they thanked users for understanding the situation and assured them that soon the issue will be solved, and they will update their funds on the portal. Later, they revealed that the team of Arbitrum faced an issue with hardware failure in the main Sequencer node of Arbitrum.

Before this outage, Arbitrum saw a similar outage in mid-September that happened because a bug created a problem. The entire system got stuck in between, which further delayed the operation. The team members later stated that they are currently working on minimizing the downtime of the Sequencer. The major issue was due to a software update failure. In total, 284 transactions by users were captured by Sequencer that ultimately was not updated in the Ethereum chain. Arbitrum is working hard to provide and satisfy the needs of its user by making their work easier.

What is Arbitrum?

Arbitrum is a layer 2 solution that is like an interface between users and Ethereum. It is better in terms of scalability and security. The users can run Ethereum Virtual Machine (EVM) on the platform. Being a famous two-layer network, Arbitrum has a total value of $2.57 billion as of now. The technique used by Arbitrum is transaction roll-up that allows the team to record transactions.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
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