“Developers across the community are currently investigating a stall in block finalization that is preventing blocks from being accepted on the Primary Network,” said Avalanche’s status website.
The issue appears to be a code-related bug and not an issue with performance handling, according to Ava Labs’ co-founder.
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Posted February 23, 2024 at 10:16 am EST.
Avalanche has not produced a block of transactions in roughly the past four hours, with the last block being finalized on the blockchain network at 6:02 a.m. ET, data from the block explorer Avascan shows.
“Developers across the community are currently investigating a stall in block finalization that is preventing blocks from being accepted on the Primary Network,” stated Avalanche’s status website.
“The issue seems to be a gossip-related mempool management bug, which is purely a code-related bug, and not an issue with performance handling,” wrote Ava Labs co-founder Kevin Sekniqi on X two hours ago.
After initially saying that Avalanche’s block production issue seemed to be connected to a new inscription wave launched earlier today, Sekniqi clarified and said, “Inscriptions seem to have hit the edge case, but inscriptions did not affect performance.”
Avalanche’s halt comes several weeks after rival layer 1 blockchain Solana suffered a five-hour-long outage as a result of a bug that prevented Solana validators from reaching consensus. Avalanche’s blockchain production issue Friday also comes a few days after its unlocked supply of AVAX increased by 9.54 million tokens.
While AVAX initially dropped 1.6% following the outage, Avalanche’s native token has settled at $36.48, a slight drop from $36.81 at 6 a.m. EST when the last block was produced, data from CoinGecko shows.
Avalanche is a layer 1 blockchain network known for its smart contract functionality. Its token is the tenth largest cryptocurrency by market cap, which stands at nearly $13.76 billion, behind Solana and Ethereum.
