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Ethereum Competitor Avalanche (AVAX) Suffers Five-Hour Network Outage – The Daily Hodl

25 February 2024
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Outstanding layer-1 blockchain and Ethereum (ETH) rival Avalanche (AVAX) has suffered a five-hour community outage.

In accordance with Avalanche data-tracking platform Avalanche Standing, the blockchain went by way of an outage that prevented blocks from being accepted on its main community.

“Builders throughout the group are presently investigating a stall in block finalization that’s stopping blocks from being accepted on the first community. Updates shall be posted right here as the difficulty is investigated.”

Nonetheless, the difficulty has since been resolved as of Friday morning as a consequence of an replace.

In accordance with Patrick O’Grady, Ava Labs’ vice chairman of platform engineering, upgrading to AvalancheGo v1.11.1 solved the difficulty, which was rooted in node validators excessively speaking.

“Please improve your node to AvalancheGo to v1.11.1. This launch disables logic added in v1.10.18 that led to validators sending an extreme quantity of gossip to one another.

Avalanche Validators provision a stake-weighted bandwidth allocation for every peer and this buggy logic led to every node saturating their allocation with ineffective transaction gossip.

This dynamic prevented pull queries issued by the validator from being processed in a well timed method and led to consensus stalling (as no polls had been being dealt with).”

The outage had little affect on the worth of AVAX, which is buying and selling for $35.55 at time of writing, a 1.85% lower over the last 24 hours.

Earlier this month, Solana (SOL) – one other layer-1 competing with ETH – additionally suffered a five-hour outage, inflicting crypto trade UpBit to droop deposits and withdrawals of each SOL and SOL-based merchandise on the time.

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Disclaimer: Opinions expressed at The Every day Hodl aren’t funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Every day Hodl an funding advisor. Please word that The Every day Hodl participates in internet affiliate marketing.

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Tags: AvalancheAVAXCompetitorDailyEthereumFiveHourHodlNetworkOutageSuffers
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