The Traffic Influx Causes Problems on Arbitrum
Arbitrum, the layer-2 blockchain, experienced a partial disruption on Friday morning due to a sudden increase in transaction traffic. The network’s sequencer crashed during the influx of network traffic. The sequencers are responsible for determining the landing order of transactions on layer-2 networks like Arbitrum. They play a crucial role in connecting L2 with the Ethereum base chain but can also be a potential point of failure. The interruption caused confusion and chaos within the Arbitrum community. A previously scheduled Twitter Spaces event was canceled, and traders expressed concern about their positions. This is not the first time the sequencer has crashed, but it was resolved within a few hours last time.
The ‘Race’ for Celo’s Layer-2 Blockchain Continues: New Proposal from Arbitrum
The competition to develop a layer-2 blockchain for the Celo network has intensified. Nina Rong, ecosystem development lead at the Arbitrum Foundation, proposed adopting the Arbitrum Orbit technology stack to the Celo community. The technology specializes in creating customizable layer 2 and 3 chains using Arbitrum’s optimistic technology. Celo had initially planned to use Optimism’s OP Stack but is now considering other options due to emerging zero-knowledge technology-based stacks by Polygon and Matter Labs. The Celo team aims to choose a stack by mid-January and has started technical evaluations of each proposal. Arbitrum stands out as the largest layer-2 blockchain in terms of total value locked (TVL), with $8.4 billion locked in its network.
Hot Take: Arbitrum Faces Disruption Due to Traffic Congestion
Arbitrum encountered a partial outage caused by a surge in transaction traffic, impacting its sequencer and causing chaos within its community. While this is not the first time the sequencer has crashed, it highlights the potential vulnerabilities of layer-2 networks. In the race to develop a layer-2 blockchain for the Celo network, Arbitrum has proposed its Orbit technology stack as a viable option. The competition intensifies as various technologies and stacks are considered. Arbitrum’s strong position in terms of total value locked positions it as a leading contender. The decision on the preferred stack will be made by mid-January, shaping the future of layer-2 blockchain development for Celo.
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