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Starknet faces 4-hour outage, block manufacturing halts

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Starknet seems to be dealing with its first main outage as no new blocks have been registered within the community over the previous few hours.

Starknet, a layer-2 answer for Ethereum valued at $8 billion, is seemingly experiencing its first vital outage, with no new blocks registered on the community previously a number of hours. In response to knowledge from Starkscan, the community ceased producing new blocks at round 8:57 (GMT+3), with no updates since then.

Starknet faces 4-hour outage, block production halts - 1

Starknet’s block manufacturing | Supply: Starkscan

You may additionally like: Starknet to distribute 50m STRK tokens between early adopters

Whereas Starknet’s standing web page reveals no reported points, the reason for the outage stays unclear. Amid the information, the challenge’s native token STRK noticed a decline of over 3.5% and is at the moment buying and selling at $1.8, in keeping with knowledge from CoinMarketCap. As of press time, Starknet has not made any public statements concerning the scenario.

📢 STARKNET NETWORK INTERRUPTION 📢

Resulting from a protracted interruption in block creation on the Starknet community—exceeding two hours—we remorse to tell you that the Withdraw characteristic will expertise a delay. Relaxation assured, our staff is actively working to resolve this difficulty. We… pic.twitter.com/Whnrbv1EGO

— Child Laika (@BabyLaikaX) April 5, 2024

Launched by StarkWare in November 2021, Starknet is a decentralized layer-2 community designed to scale Ethereum and decentralized functions, enabling limitless scalability for transactions. The challenge has raised a complete of $225 million from buyers reminiscent of Greenoaks Capital, Coatue, Tiger International, Paradigm, and Sequoia Capital, propelling its valuation to $8 billion.

See also  Uphold CEO Confirms Nicely-known Finance Giants are Utilizing XRP

Learn extra: Starknet token sinks by 17% after airdrop distribution and itemizing on CEX

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