Arbitrum network suffers minor outage due to hardware failure

Published at: Jan. 10, 2022

The Ethereum layer 2 network Arbitrum has suffered its second outage in less than five months following a hardware failure.

Arbitrum is back online at the time of writing but the team did report some downtime during the late hours of Jan. 9. The timing of the tweets suggests that the network was down for around seven hours.

At the time, the Offchain Labs platform reported that it was experiencing some issues with the sequencer which prevented transactions from being processed for the period.

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.

— Arbitrum (@arbitrum) January 9, 2022

On Jan. 10, Arbitrum released a post mortem explaining what had occurred to cause the brief outage. “The core issue was a hardware failure in our main Sequencer node,” it revealed, adding that backup Sequencer redundancies that would normally take control also failed due to an ongoing software update.

The network is designed to fall back to layer 1 Ethereum to process transactions when it has its own Sequencer issues. However, it stated that efforts were made to make sure all transactions were confirmed by the Sequencer before going offline. A total of 284 transactions captured by the Sequencer were prevented from being posted to the Ethereum chain.

This was a very minor outage in the grand scheme of things but the team did remind users that the network is still essentially in beta.

“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.”

The team concluded that it was working on further decentralizing the network with a “twofold path of minimizing Sequencer downtime” that will be deployed in the coming weeks and months.

In mid-September, Arbitrum suffered a similar Sequencer outage when a bug caused the system to get stuck after a large batch of transactions was executed over a short time frame.

Related: Ethereum layer-two TVL reaches all-time high

Arbitrum is an Ethereum layer 2 network using Optimistic rollups to batch transactions for faster and cheaper processing. It was launched as Arbitrum One in early September following a massive $120 million funding round.

According to layer 2 data platform L2beat, Arbitrum is the most popular layer 2 network at the moment with a total value locked of $2.57 billion giving it a L2 market share of 47%.

Tags
Related Posts
Altcoins hit new highs after bulls kick Bitcoin price back above $50K
Cryptocurrency investors breathed a sigh of relief on April 26 as the sharp reversal in the price of Bitcoin (BTC) was accompanied by a marketwide recovery that has a majority of altcoins seeing green. It's likely that the breakout was aided by bullish assessments from JPMorgan Chase analysts and PayPal's announcement that demand for purchasing cryptocurrencies had surpassed expectations. Data from Cointelegraph Markets and TradingView shows that after bouncing off a low near $47,000, Bitcoin roared back above the $50,000 support level and climbed above $53,500, while Ether (ETH) reclaimed $2,500. Last week’s market pullback did little to slow the …
Blockchain / April 26, 2021
18.36M Ethereum addresses joined the network in 2021
New data reveals that the Ethereum network gained 18.36 million addresses with a balance greater than zero in 2021. That works out to an astonishing growth rate of 1.53 million new addresses per month, but competition is becoming increasingly fierce for market share. Blockchain intelligence firm IntoTheBlock shared its findings about Ethereum in a Feb. 15 tweet. #Ethereum users growth in a nutshell A good way to track the adoption is by following the number of addresses with a balance - There are 70.4m addresses holding $ETH - Just in 2021, it increased 18.36m. That means the network was growing …
Ethereum / Feb. 16, 2022
Ethereum scaling network Arbitrum set for major upgrade on Aug. 31
Ethereum layer-2 scaling solution Arbitrum is set to undergo one of its most significant upgrades on Wednesday, set to increase transaction throughput, slash transaction fees and simplify cross-chain communication between Arbitrum and Ethereum. Referred to as the “Nitro” upgrade, Arbitrum reconfirmed the date of the upgrade in a Twitter post on Aug. 29, confirming that the upgrade will take effect on Aug. 31 at 10:30 AM Eastern Time, while noting a two to four hours of network downtime period is to be expected. Reminder — Arbitrum One is upgrading to Nitro on Wednesday 8/31. There will be 2-4 hours of …
Adoption / Aug. 30, 2022
Arbitrum transaction activity rockets 550% since August: Delphi Digital
Ethereum layer-2 scaling solution Arbitrum has seen a massive surge in activity since its Nitro update in August, having just clocked around 62% as many transactions as the Ethereum base layer. In a Nov. 1 report, crypto research firm Delphi Digital noted that as of the week ended Oct. 24, Arbitrum’s number of total transactions has increased by 550% since August, citing data from Dune Analytics. This week, @arbitrum had ~62% as many transactions as Ethereum L1. pic.twitter.com/DyuDNAjRGz — Delphi Digital (@Delphi_Digital) November 3, 2022 In an earlier Tweet, Delphi Digital initially phrased Arbitrum as accounting for 62% of all …
Blockchain / Nov. 3, 2022
DeFi was the most attacked ecosystem in 2022: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. The DeFi ecosystem started 2023 on a bullish note, similar to the broader cryptocurrency market. However, the bullish start to the year didn’t diminish the damage caused by vulnerabilities and attacks in 2022. A new research report has highlighted that DeFi was the most vulnerable crypto ecosystem, at the receiving end of 113 exploits out of the total 167. On top of that, blockchain security experts have warned the trend could continue in 2023. …
Ethereum / Jan. 13, 2023