According to The Block's post, an outage was detected in the Avalanche network.
AVAX price fell 1.4%.
According to the posts, it has been reported that block production in Avalanche's C-chain has stopped. At this point, it was stated that block production in the Avalanche (AVAX) network stopped.
Kevin Sekniqi, one of the founders of Avalabs, said in his statement on his X account:
“Currently investigating Avalanche's primary network block production issue. It appears to be related to a new inscription wave that launched approximately an hour ago.
Obviously this is an esoteric error caused by some edge cases that need to be addressed quickly.
“Possibly some memory pool processing issues with inscriptions affecting some untested edge cases.”
Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago.
— Kevin Sekniqi 🔺 (@kevinsekniqi) February 23, 2024
*This is not investment advice.
