Arbitrum Network Stalled Due to Sequencer Downtime – Bitcoin News

The Arbitrum network, which is an Ethereum L2 (Layer 2) dataset, has encountered some difficulties that caused a complete halt in block production and transaction confirmation. According to reports from the Arbitrum team, this incident had something to do with downtime on the sequencer, a special node that manages the order of transactions, rendering the network unusable for about seven hours.

Arbitrum booths for 7 hours

Arbitrum, a group that is optimistic about the expansion of the Ethereum network, took a complete shutdown on January 9, leaving users unable to conduct transactions for about seven hours. The Arbitrum team has reported to users that the difficulties were caused by problems with their master serial node, which experienced a hardware failure that brought the network to a standstill. According to Arbitrum docs, a sequencer is “a privately allocated full node, which is given limited authority to control the order of transactions.”

The group’s Twitter account mentioned Problem first, explaining that they were experiencing a malfunction of the sequencer and stating that all funds were safe.

In a posthumous post, Offchain Labs explained that other situations also contributed to the situation the update roll encountered, noting:

While we generally have backups that allow the backup sequencer to run smoothly, they also failed to activate this morning due to a software upgrade process. As a result, the sequencer stops processing new transactions.

Problems in Rollup Land

This isn’t the first time Arbitrum has had problems with operating its network. The service had the same kind of problem back in September when the sequencer failed at that time as well. This caused the network to stop working for 45 minutes. At the time, Offchain Labs reported:

The root cause of the downtime was a bug that caused the sequencer to stop when it received a very large batch of transactions in a short period of time. The problem has been identified and a fix posted.

While Ethereum has focused on scaling with this type of solution, the suggestion has not been well received by some users. as For Delphi Digital, these L2 solutions have been “losing market share to L1 in recent months, despite the transition of DeFi protocols from Ethereum.”

However, Arbitrum is the number one pooling solution in the Ethereum ecosystem by Total Locked Value (TVL), having launched on the mainnet last August. The solution has more than $2.62 billion in total value locked out, according to data from L2beat, the Ethereum L2 analytics service.

What do you think of the latest Arbitrum stop? Tell us in the comments section below.

sergio@bitcoin.com

Sergio Goshchenko

Sergio is a cryptocurrency journalist based in Venezuela. Describing himself as a latecomer, he entered the crypto space when the price spike occurred during December 2017. Because he has a background in computer engineering, lives in Venezuela, and is influenced by the crypto boom on a social level, he offers a different perspective on the success of crypto and how it helps people who They do not deal with banks and the disadvantaged.

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