Starknet faces 4-hour outage, block production halts
Starknet seems to be going through its first main outage as no new blocks have been registered within the community over the previous few hours.
Starknet, a layer-2 answer for Ethereum valued at $8 billion, is outwardly experiencing its first vital outage, with no new blocks registered on the community previously a number of hours. In keeping with knowledge from Starkscan, the community ceased producing new blocks at round 8:57 (GMT+3), with no updates since then.
Whereas Starknet’s standing web page reveals no reported points, the reason for the outage stays unclear. Amid the information, the undertaking’s native token STRK noticed a decline of over 3.5% and is presently buying and selling at $1.8, in keeping with knowledge from CoinMarketCap. As of press time, Starknet has not made any public statements relating to the state of affairs.
Launched by StarkWare in November 2021, Starknet is a decentralized layer-2 community designed to scale Ethereum and decentralized functions, enabling limitless scalability for transactions. The undertaking has raised a complete of $225 million from traders corresponding to Greenoaks Capital, Coatue, Tiger World, Paradigm, and Sequoia Capital, propelling its valuation to $8 billion.
