Posted 2/23/2024, 1:31:00 PM
Avalanche Block Production Halts for 4+ Hours After 'Inscription Wave' Issue
- Avalanche network fails to produce a block for over 4 hours due to issue related to new inscription wave
- Outage prevents new blocks from being accepted on the Primary Network
- Ava Labs co-founder says issue seems related to new way of recording data without smart contracts
- Avalanche's AVAX token drops 2.95% since outage started
- Comes after Solana had a 5-hour outage earlier this month due to heavy congestion