Ethereum’s Arbitrum Network suffers a temporary outage

The furniture 2 web of Ethereum known arsenic Arbitrum suffered a seven-hour impermanent outage pursuing a hardware failure. The network’s sequencer nonaccomplishment hindered the processing of transactions for the said duration, which was aboriginal fixed by the web administrators. 

Arbitrum web faces impermanent downtime

The web took to Twitter to pass users astir the impermanent downtime that it was experiencing owed to a sequencer failure. 

We are presently experiencing Sequencer downtime. Thank you for your patience arsenic we enactment to reconstruct it. All funds successful the strategy are safe, and we volition station updates here.

— Arbitrum (@arbitrum) January 9, 2022

As per the information acquired from Arbiscan and Off-chain Labs, the past artifact that was processed connected the Arbitrum task concatenation was 4509808, astatine 10:29:22 UTC, aft which the web went down for astir 7 hours. 

Arbitrum is Ethereum’s furniture 2 scaling solution, which has astir $2.5 cardinal of assets locked in. The web has attracted a batch of credible DeFi protocols since its motorboat including Balancer and Uniswap. The web utilizes Optimistic rollups that process transactions astatine comparatively higher velocity and person little costs than the basal concatenation by sending the transactions arsenic telephone information to the Ethereum mainnet. The furniture 2 protocol was launched successful September aft a whopping $120 cardinal backing round. 

On January 10th, the web administrators posted different blog post, explaining the causes that resulted successful the seven-hour web outage which has present been resolved astatine the clip of writing. 

“The halfway contented was a hardware nonaccomplishment successful our main Sequencer node. While we mostly person redundancies that would let a backup Sequencer to seamlessly instrumentality control, these besides failed to instrumentality effect this greeting owed to a bundle upgrade successful the process.” The blog station stated 

The squad besides stressed the information that the web is inactive successful its “beta phase” and assured the users that it volition proceed its efforts to minimize the sequencer downtime and marque the web afloat decentralized successful adjacent future.  

“The Arbitrum web is inactive successful beta, and we volition support this moniker arsenic agelong arsenic determination are points of centralization that inactive beryllium successful the system. ” the station further stated, “In the coming days, weeks, and months, we volition proceed connected this twofold way of minimizing Sequencer downtime, and astatine the aforesaid clip achieving the eventual extremity of afloat decentralization.”