Blockchain transaction8/2/2023 ![]() ![]() ![]() Just the day before, the chain experienced a similar problem where finality paused for approximately 25 minutes. The Ethereum Foundation stated that when block finalization is halted, there is a possibility that pending transactions may be re-ordered or dropped from the network.Īlthough the network has now resumed block finalization, this was not the first instance of performance issues for Ethereum. This incident marked the second occurrence within a 24-hour period, causing significant concerns about the security of the network, which is the second-largest blockchain by market capitalization. The Ethereum blockchain faced a technical problem on Friday, leading to a disruption in the finalization of blocks for over an hour. Technical Issues Hinder Ethereum’s Block Finalization – Transactions Pending! While on-chain activities were not directly affected by the lack of finality, some services had to adjust their operations.Įthereum’s network remains functional, and steps are being taken to improve its stability and performance to regain the trust of builders and users alike. These issues occurred for the second time within 24 hours, raising doubts about Ethereum’s stability and reliability.ĭevelopers and experts are actively investigating the cause to determine whether it stems from a flaw in the protocol design or a bug. The Ethereum blockchain recently experienced technical difficulties resulting in interruptions to block finalization, leading to concerns about the network’s security. Join Our Telegram channel to stay up to date on breaking news coverage ![]()
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