On February 23, the Avalanche ecosystem halted block manufacturing. The C-Chain mainnet stopped processing transactions at 11:13 UTC (+3 hours Moscow time).
Later, everybody was affected by a disruption to the quantity subnet, which stopped after about 50 minutes.
Kevin Sicknicki, co-founder of the corporate behind the undertaking, Ava Labs, confirmed:
“A block production issue on the Avalanche core network is currently being investigated. This appears to be related to the new wave of ‘springs’ that went live about an hour ago.”
Investigating Avalanche's core community block manufacturing situation proper now. It seems to be associated to a brand new inscription wave that was launched about an hour in the past.
— Kevin Sekniqi 🔺 (@kevinsekniqi) February 23, 2024
According to his assumption, the matter lies in “some internal errors” of this class Boundary conditions.
In response to a remark that this could not occur with blockchain software program, Sicknicki admitted:
“Ultimately, no. However, there's a fixed stream of code so it's tough to handle. Everything is examined on testnets, however it isn't just like the mainnet.
The worth of the AVAX token responded to the incident with a slight decline - by about 1% over the previous hour (Queen Gekko). The asset is buying and selling at round $36.3. During the week, costs fell by 12%, however the forex remained in tenth place within the rating by way of market capitalization.
The undertaking crew launched a counterpart to Ordinals on C-Chain in November 2023. Against this background, the quantity of blockchain transactions on the community jumped 10 instances increased than the historic common. “Engravings” account for as much as 95% of on-chain transactions.
As a end result, this resulted in AVAX burning a report quantity of charges – $1.8 million in a single week.
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