Avalanche (AVAX) Suffers Five-Hour Network Outage

Network Outage Resolved

Avalanche (AVAX), a prominent layer-1 blockchain and rival to Ethereum (ETH), experienced a five-hour network outage on Friday. According to Avalanche Status, the blockchain platform encountered an issue that prevented blocks from being accepted on its primary network.

Cause of the Outage

The outage was caused by a bug in the node validators, which led to excessive communication among the nodes. This resulted in a situation where pull queries issued by the validator were not being processed in a timely manner, leading to consensus stalling.

Outage Resolved with Software Update

The issue was resolved with an update to AvalancheGo v1.11.1, which disabled the buggy logic that caused the excessive communication. The update was released on Friday morning, and the network has been operating normally since then.

Minimal Impact on AVAX Price

The outage had minimal impact on the price of AVAX, which experienced a modest decrease of 1.85% during the 24 hours following the incident. At the time of writing, AVAX is trading at $35.55.

Similar Outage Experienced by Solana (SOL)

Earlier this month, Solana (SOL), another layer-1 blockchain competing with ETH, also suffered a five-hour outage. The outage caused crypto exchange UpBit to suspend deposits and withdrawals of both SOL and SOL-based products at the time.

The information provided in this article is for informational purposes only and should not be considered investment advice./p>