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Arbitrum One Faces Partial Outage Amid Surge in Network Traffic, Causes Unconfirmed

Algoine News
Summary:
The Ethereum layer-2 network, Arbitrum One, has reportedly experienced a partial service disruption amid a significant increase in network traffic. Speculations of inscriptions causing the limited transactions per block are unconfirmed. The network's team is hard at work towards a swift resolution. Further details are expected to unfold shortly.
The Ethereum layer-2 network, Arbitrum One, has suffered a partial service disruption, as reported by the network's dedicated status website. The sequencer reportedly "froze" at 10:29 am ET (13:29 UTC), amidst a notable increase in network traffic, the website's alert discloses. Data from the network's block explorer, Arbiscan, indicates that the creation of some blocks is ongoing. However, it seems every block is only able to process two transactions. Rumors circled on Twitter as some users speculated that this disruption was triggered by inscriptions, which might explain the limited number of transactions per block. Yet, the network's team has not confirmed this. Inscriptions, a distinctive data format utilized in certain blockchain networks, are often deployed to convey collectible images. Though originating within the Bitcoin blockchain, inscriptions have recently found use within the Arbitrum network via the MemeOrdi protocol. On Arbitrum's official Discord platform, community admin, Ricardo Gordon, conveyed that the team is "actively working towards a swift resolution and will soon release a detailed analysis of the situation." This is an evolving situation, and more news will be reported as it emerges.
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Published At

12/15/2023 8:58:24 PM

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