{"id":210861,"date":"2022-01-10T10:00:56","date_gmt":"2022-01-10T10:00:56","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=210861"},"modified":"2022-03-11T19:40:16","modified_gmt":"2022-03-11T19:40:16","slug":"ethereums-arbitrum-network-suffers-a-temporary-outage","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/ethereums-arbitrum-network-suffers-a-temporary-outage\/","title":{"rendered":"Ethereum&#8217;s Arbitrum Network suffers a temporary outage"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure. The network's sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators.\u00a0<\/span><\/p>\n<h2><b>Arbitrum network faces temporary downtime<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The network took to Twitter to inform users about the temporary downtime that it was experiencing due to a sequencer failure.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">We are currently experiencing Sequencer downtime. Thank you for your patience as we work to restore it. All funds in the system are safe, and we will post updates here.<\/p>\n<p>&mdash; Arbitrum (@arbitrum) <a href=\"https:\/\/twitter.com\/arbitrum\/status\/1480165924355330051?ref_src=twsrc%5Etfw\">January 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">As per the data acquired from Arbiscan and Off-chain Labs, the last block that was processed on the Arbitrum project chain was 4509808, at 10:29:22 UTC, after which the network went down for approximately seven hours.\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/cryptoslate.com\/3-reasons-why-arbitrum-tvl-leads-in-ethereum-layer-2\/\"><span style=\"font-weight: 400;\">Arbitrum<\/span><\/a><span style=\"font-weight: 400;\"> is Ethereum's layer 2 scaling solution, which has nearly $2.5 billion of <a href=\"https:\/\/www.nansen.ai\/research\/arbitrum-the-future-of-blockchain-scaling#:~:text=Arbitrum%20is%20the%20biggest%20Ethereum,value%20locked%20in%20DeFi%20protocols.\">assets<\/a> locked in. The network has attracted a lot of credible DeFi protocols since its launch including <a href=\"https:\/\/cryptoslate.com\/coins\/balancer\/\">Balancer<\/a> and <a href=\"https:\/\/cryptoslate.com\/products\/uniswap\/\">Uniswap<\/a>. The network utilizes Optimistic rollups that process transactions at comparatively higher speed and have lower costs than the base chain by sending the transactions as call data to the Ethereum mainnet. The layer 2 protocol was launched in September after a whopping $120 million funding round.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On January 10th, the network administrators posted another blog <\/span><a href=\"https:\/\/offchain.medium.com\/todays-arbitrum-sequencer-downtime-what-happened-6382a3066fbc\"><span style=\"font-weight: 400;\">post<\/span><\/a><span style=\"font-weight: 400;\">, explaining the causes that resulted in the seven-hour network outage which has now been resolved at the time of writing.\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;The core issue was a hardware failure in our main Sequencer node. While we generally have redundancies that would allow a backup Sequencer to seamlessly take control, these also failed to take effect this morning due to a software upgrade in the process.&#8221; The blog post stated\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">The team also stressed the fact that the network is still in its &#8220;beta phase&#8221; and assured the users that it will continue its efforts to minimize the sequencer downtime and make the network fully decentralized in near future.\u00a0\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">&#8220;The Arbitrum network is still in beta, and we will keep this moniker as long as there are points of centralization that still exist in the system. &#8221; the post further stated, &#8220;In the coming days, weeks, and months, we will continue on this twofold path of minimizing Sequencer downtime, and at the same time achieving the ultimate goal of full decentralization.&#8221;<\/span><\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>The layer two network of Ethereum known as Arbitrum suffered a seven-hour temporary outage following a hardware failure. The network&#8217;s sequencer failure hindered the processing of transactions for the said duration, which was later fixed by the network administrators.\u00a0 Arbitrum network faces temporary downtime The network took to Twitter to inform users about the temporary [&hellip;]<\/p>\n","protected":false},"author":824,"featured_media":210885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77494,37],"tags":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ethereum&#039;s Arbitrum Network suffers a temporary outage<\/title>\n<meta name=\"description\" content=\"The Arbitrum Network suffers its second outage in five months following a hardware failure.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/ethereums-arbitrum-network-suffers-a-temporary-outage\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum&#039;s Arbitrum Network suffers a temporary outage\" \/>\n<meta property=\"og:description\" content=\"The Arbitrum Network suffers its second outage in five months following a hardware failure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/ethereums-arbitrum-network-suffers-a-temporary-outage\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-10T10:00:56+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-11T19:40:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/01\/arbitrum-outage.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Juhi Mirza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juhi Mirza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/ethereums-arbitrum-network-suffers-a-temporary-outage\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/ethereums-arbitrum-network-suffers-a-temporary-outage\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#person\",\"name\":\"Juhi Mirza\",\"url\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/juhi-mirza\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2021\/10\/juhi-mirza-author-300x300.jpg\",\"caption\":\"Juhi Mirza\"},\"description\":\"Juhi Mirza is an archaeology major who is obsessive about blockchain\/Crypto technology and deems it to be the foundational philosophy of the future. 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