News

Avalanche Blockchain’s X And C Networks Back Online After Brief Disruption

Key Points:

  • Avalanche’s AVAX token fell slightly in value after nodes on the protocol’s X and C chains went offline due to bugs in new software that had been pushed out.
  • Over 90% of validators have upgraded to the latest version of AvalancheGo, which is a positive sign.
Avalanche’s AVAX token fell slightly in value after nodes on the protocol’s X and C chains went offline due to bugs in new software that had been pushed out.

Avalanche is a blockchain that distinguishes itself from others using the C-chain, X-chain, and P-chain. The C-chain, home to Avalanche’s DeFi community, hosts smart contracts and can be used with MetaMask. The X-chain is the exchange chain responsible for sending funds back and forth, while the P-chain is the platform chain used for staking AVAX and serving as a validator.

Although the C-chain has recovered after an hour-long outage, X-chain nodes are still offline, degrading the network quality and making the chain virtually unusable. According to on-chain data, the X-chain can only process a handful of transactions at this time, with only a few transactions processed per hour. This is a significant issue that must be resolved as soon as possible to ensure the chain can return to full functionality.

Over 90% of validators have upgraded to the latest version of AvalancheGo, which is a positive sign. This is a significant increase from the 12% that had done so earlier that day. The Avalanche team has not yet issued a public statement regarding the outage, but several contributors are working on resolving the issue on its GitHub forum.

AVAX remains to be seen how the network outage will affect its future value. However, given that Avalanche is a promising blockchain platform, it is likely that the team will take all necessary steps to ensure that the issue is resolved and the network returns to full functionality.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Recent Posts

Crypto Institutional Investors Move To ETFSwap (ETFS) Amid $500 Million Liquidity Injection Expectations

Discover why crypto investors are moving to ETFSwap (ETFS) as $500 million liquidity injection is…

1 hour ago

Buyers Rush to Maximise Gains with BlockDAG’s 100% Bonus Offer; Plus, ETH Holds Strong as Solana Challenges Rivals

Learn about BlockDAG's $110M presale achievement and the whopping 100% bonus offer, alongside Ethereum's growth…

3 hours ago

Thai Police Corruption Case Involving Officers and Extortion

Thai police corruption exposed as officers extort millions in USDT from a Chinese man under…

6 hours ago

SafePal Telegram Wallet Launches with Swiss Bank Accounts and CeDeFi

SafePal Telegram Wallet allows 950 million users to create compliant crypto-friendly Swiss bank accounts, integrating…

7 hours ago

Sheetz Crypto Payments Now Accepted at Over 750 US Locations

Sheetz crypto payments: 750+ US stores now accept Bitcoin, Ethereum, and more, rewarding customers through…

7 hours ago

Zhu Su Wife Sells Singapore Mansion for $38 Million

Zhu Su’s wife sells Singapore mansion for $38.5 million amid heightened financial scrutiny on Three…

8 hours ago

This website uses cookies.