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.