Arbitrum Experiences A Software Bug, Temporarily Halts Processing

Twitter icon  •  Published vor 9 Monaten  •  Hassan Maishera

The Arbitrum network experienced a temporary network failure due to a software bug but the team fixed it, and the blockchain is now processing again.

TL;DR

  • The Arbitrum network temporarily stopped processing on Wednesday due to a software bug.

  • ARB has lost more than 4% of its value in the last 24 hours.

  • The team deployed a fix and the network is now processing again. 

Arbitrum Network Temporarily Stopped Processing

Arbitrum, the Ethereum Layer-2 network, temporarily experienced a network failure for several hours on Wednesday.

The network failure was caused by a bug in the sequencer and a resulting transaction backlog that stressed the network. The Arbitrum team has since then deployed a fix, and the network is processing again. 

The team explained that there was a  bug in Arbitrum’s sequencer, responsible for taking user transactions, creating a batch of the transaction, and posting it on-chain. 

The bug created network stress caused by the large backlog of transactions that hadn’t been posted on-chain, the team’s community lead explained. 

Arbitrum deployed a fix afterward, and the network is now operating as it should. ARB, the native coin of the Arbitrum network, has lost more than 4% of its value in the last 24 hours. At press time, ARB is trading at $1.12 per coin.

 

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.