2024-03-13 16:03:15
Key points of the news:
- Layer 2 blockchain network Blast has stopped producing blocks due to issues related to Ethereum’s Dencun upgrade.
- Blast’s core engineers are working on a solution to address these issues.
- An update and post-mortem analysis is expected once the fix is implemented.
Blast, the layer-2 blockchain network built on Ethereum, has experienced a stoppage in its operations following the implementation of the Ethereum’s long-awaited Dencun update.
This interruption is attributed to technical problems associated with the Ethereum mainnet upgrade.
The Blast Mainnet has stopped producing blocks due to issues related to Ethereum’s Dencun upgrade.
Core engineering contributors are working on a fix. We’ll share an update and post-mortem once the fix is live (eta 30-60 min).
— Blast (@Blast_L2) March 13, 2024
La red Blastknown for being a solution Ethereum scalinghas reported through his X account that its mainnet has stopped producing blocks as a result of the issues related to Ethereum Dencun update.
The project engineering team is currently dedicating its efforts to finding a solution to these problems.
It is setback arrives just After the Blast mainnet launch in late February, a moment that marked a important historical for the network.
However, The outage has highlighted the inherent fragility of layer 2 networks that depend on the underlying infrastructure of Ethereum.
Despite this setback, Blast has proven to be an attractive option for users
Currently has with more than $2.3 billion in funds locked in its Ethereum bridge before the mainnet launch.
Although initially there was a decrease in the funds locked following the launch, the network has continued to attract more funds, totaling more than $2.9 billion in total value locked (TVL) till the date.
The team behind the project, known for their work on the successful Blur NFT marketplace, has used incentives like airdrops to attract the users on its platform.
However, this incident highlights the importance of stability and reliability of the underlying infrastructure in the adoption and continued success of the solutions capa 2.
It is expected that Blast provide a additional update Once the solution is implemented for the network problems.
Users and observers of the blockchain space are keeping an eye on how Blast will address this situation and how it will affect your position in the the Ethereum ecosystem in the near future.
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