An unknown error occurred in the Ethereum blockchain, in which transactions could not be finalized for some time.
According to the data beaconcha.inin the period from epochs 200552 to 200554 there was a sharp decrease in confirmed operations – up to 40%.
Analytical service EthereumPools wrote on Twitter that during this time, “every pool or operator” on the network that experts monitored went “offline” – that is, incorrectly confirmed the transaction.
🚨 For a couple of epochs almost every pool/operator that we monitor went offline 🧐
Any idea what happened? pic.twitter.com/3Q9BDFis1d
— ethereumpools.info (@EthereumPools) May 11, 2023
Preston van Loon, co-founder of Prysmatic Labs, the development company behind the Ethereum client, later tweeted that “finalization has been restored.”
Finality has been restored. We do not know the root cause yet, but something happened to cause several client implementations to work really hard to keep up with the chain.
— prestonvanloon.eth (@preston_vanloon) May 11, 2023
Earlier, after the launch of the crvUSD decentralized stablecoin on the Ethereum mainnet, the Curve Finance team announced the need to redeploy the smart contract due to a bug with the voting token.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
