The Avalanche C chain, a blockchain platform, has faced an hour-long block production halt, as per reports from earlier today. According to the Avalanche blockchain browser, the latest block time is 7:26 UTC+8, with a block height of 27788298. However, it has been resolved, according to the latest update.
As a result of this, several Korean exchanges, including Upbit and Bithumb, have suspended Avalanche (AVAX) network-related deposit and withdrawal services. Upbit stated that the deposit and withdrawal service for AVAX would be temporarily suspended to perform maintenance on the AVAX wallet system, and once the maintenance is completed, the services will resume.
However, during the suspension period, the deposit return process will also be temporarily halted. The deposit return process will be carried out sequentially after the deposit/withdrawal services resume, and deposits may experience delays due to network congestion or other reasons, the exchange added.
Likewise, Bithumb also announced that it has temporarily suspended deposit and withdrawal services for Avalanche (AVAX) and AVAX-C Step App (FITFI) due to network issues.
The exchange stated that the market price of Avalanche (AVAX) and Step App (FITFI) might experience high volatility due to the suspension of deposits and withdrawals. Once the stability of the network is confirmed, Bithumb will notify its members of the resumption of deposit and withdrawal services through a separate notice.
Avalanche C Chain Faces Stability Issue, Urges Upgrade To Fix
This issue was first discovered by Conflux’s Co-founder in a tweet earlier today. He shared a screenshot, asking whether the Avalanche C Chain had stopped for an hour or it was just an explorer problem.
According to Kevin Sekniqi, co-founder of Ava Labs, the network has been unstable for over an hour, and the problem is with version 1.9.12, for which a fix has just been released. Sekniqi added that if any validator was using this version, they should upgrade to version 1.9.14 immediately to stabilize the network. But in a surprise turn of events, the co-founder deleted the tweet just hours after posting.
In response to this tweet, some community members commented that it is similar to the issues faced by the Solana network in the past, where they had to upgrade their versions to stabilize the network. Others raised concerns over Avalanche’s slow transaction speed and questioned why it has so many supporters despite this limitation.
Some commented that all dApps would soon be using Hydra, and users could re-evaluate the user experience then. Others suggested that Cardano was the most dependable and decentralized L1.
The halt in block production has caused significant inconvenience to users and traders alike, particularly with deposits and withdrawals being temporarily suspended. Avalanche will need to address the issue as soon as possible and stabilize the network to prevent further disruptions.
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