Share this article

Arbitrum Temporarily Stopped Processing Due to Software Bug

The Ethereum layer 2 network went out of service for several hours due to a bug in the sequencer and a resulting transaction backlog that stressed the network. A fix was deployed and the network is now processing again.

Jun 7, 2023, 11:01 p.m.
(Danny Nelson/CoinDesk)
(Danny Nelson/CoinDesk)

The Arbitrum blockchain suffered from a bug in its software Wednesday that caused the network to stop processing transactions on-chain for several hours.

There was a bug in Arbitrum’s sequencer, “responsible for taking user transactions, creating a batch of the transaction, and posting it on-chain,” according to the Arbitrum developers’ official Twitter account.

The software bug “created network stress caused by the large backlog of transactions which hadn’t been posted on-chain,” wrote Arbitrum Foundation’s community lead, who goes by the username “eli_defi,” on Discord. “A solution has already been deployed earlier today, and everything has been operating as it should.”

More For You

Encryption Supremacy - Zcash and Privacy in the Age of Scale

Most crypto privacy models weaken as blockchain data grows. Encryption-based models like Zcash strengthen. CoinDesk Research maps the five privacy approaches and examines the widening gap.

Why it matters:

As blockchain adoption scales, the metadata available to machine learning models scales with it. Obfuscation-based privacy approaches are structurally degrading as a result. This report provides a comprehensive comparison of all five major crypto privacy architectures and a framework for evaluating which models remain durable as AI capabilities improve.

More For You

Coinbase CEO, Brian Armstrong, at Consensus 2019 (CoinDesk)

The move comes as the chain distances itself from Optimism technology and toward in-house infrastructure as it seeks greater independence and scale.

What to know:

  • Base said it will focus on expanding tokenized asset markets, scaling stablecoin payments and growing its developer ecosystem as institutional interest in onchain finance rises.
  • The Ethereum layer-2, introduced in 2023, is moving away from Optimism’s tech stack toward in-house infrastructure as it seeks greater independence and scale.