zkSync Era Encounters Network Issues and Resolves Them
The zkSync Era blockchain recently faced network issues, causing block production to be suspended temporarily. The developers assured users that they were actively working on resolving the problems as quickly as possible. Shortly after, an update was posted stating that the issues had been resolved, and the network was fully operational again.
Network Status and Bug Trigger
According to reports, the zkSync Era blockchain’s browser indicated network issues, although there were no recorded downtime incidents. The developers identified a bug that triggered an automated safety protocol within the network, leading to the suspension of block production. This unexpected activation of the protocol prompted further investigation by the teams.
Similar Incidents in the Crypto Space
The zkSync Era protocol previously experienced a transaction halt due to network congestion and issues with the block explorer. Additionally, Arbitrum, another Layer 2 protocol, encountered a similar problem with block production caused by a transaction block explorer issue.
Security Measures in Place
Matter Labs, the creators of zkSync Era, emphasized the importance of security during the protocol’s launch. The blockchain incorporates mechanisms such as practical Byzantine fault tolerance (pBFT) and delegated Proof-of-Stake (DPoS) to enhance security. While a potential vulnerability was identified by ChainLight, it is highly unlikely to be exploited due to zk-rollups technology used by zkSync Era for off-chain transaction computation.
Strong Performance and Inflows
Despite the temporary network issues, zkSync Era continues to perform well in terms of Total Value Locked (TVL) and trading volume. It currently has a TVL of $159.06M and recorded a 24-hour trading volume of over $100M. Additionally, zkSync has seen the highest inflow values compared to Ethereum and Arbitrum in the past day.
Hot Take: zkSync Era Resolves Network Issues and Maintains Security
The recent network issues faced by zkSync Era were quickly resolved, ensuring that the blockchain remained fully operational. The developers promptly addressed the bug that triggered the automated safety protocol, demonstrating their commitment to maintaining a secure network. Despite these temporary setbacks, zkSync Era continues to attract significant trading volume and remains a strong player in the crypto space.
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