In a recent development, the Avalanche (AVAX) C-Chain encountered a significant disruption in block production, leading to a halt for over one hour. This interruption affected the primary network and was observed through the Avascan browser. The last transaction recorded was at block 42046853 (19:13 UTC+8) 1.
Avalanche C-Chain Block Production Halt
The team behind the Avalanche protocol, Ava Labs, promptly acknowledged the issue and initiated an investigation. According to Kevin Sekniqi, co-founder of Avalanche, the disruption is believed to be related to a new inscription wave launched approximately an hour before the block production interruption. Sekniqi expressed confidence that the incident was caused by an “esoteric bug” stemming from an untested edge case, emphasizing the need for a swift resolution. The disruption is presumed to be associated with a mempool handling issue specifically tied to inscriptions, which encountered untested edge cases. While thorough testing is conducted on testnets, the intricacies of the mainnet environment can introduce “unforeseen challenges” 1.
AVAX Price Dips
During the occurrence of the block production halt, the AVAX price, which serves as the native token of the Avalanche protocol, exhibited a negative reaction. This further extended the ongoing decline observed since Thursday when the price was at $43. As of now, the AVAX price has reached $36.13, indicating a decline of over 2% within the past 24 hours, accompanied by a substantial drop of 11.7% over the course of the previous seven days 1.
The subsequent actions taken by the Avalanche team in response to this situation, as well as the consequential effect on the AVAX price, are yet to be determined. Stay tuned for further updates on this evolving situation.
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