Ethereum: second outage in 24 hours, should we be worried?

Technical failures on a blockchain’s network are not common. But when they happen, or worse, they become repetitive, they can involve damaging consequences for all stakeholders.

Ethereum Network’s Second Outage in 24 Hours Concerns

Is the Ethereum network facing an unexpected challenge? There is nothing to say in absolute terms. But the past 24 hours have sparked a wave of concern within the crypto community.

In question, a breakdown which led, on Friday, to the cessation of operations finalizing blocks on the network. That is, the procedure for validating and integrating new blocks into the Ethereum blockchain has been interrupted.

It is true that things quickly returned to normal. However, the situation is worrying for many users. Indeed, this is the second time, between Thursday May 11 and Friday May 12 that the Ethereum blockchain has suffered the same technical failure.

A problem whose real causes are not yet known. Some mention a system bug or difficulties with the network protocol. “To be able to tell if the situation is due to protocol design or a bug, we first need to understand what really happened,” said, Toghrul Maharramov, developer of Ethereum infrastructure startup Scroll.

The expert’s response is not likely to reassure the crypto community. According to the Superphiz.eth tweet, we should already prepare for a third outage. “The second wave is over, but I expect a third”, he tweeted in particular.

Concern also reigns on the side of the DYdX exchange, which obviously does not want to take any risks. In a statement, the platform announced that it was temporarily suspending deposits. This, continuing “to monitor and investigate this problem”.

A relevant choice, to a certain extent, when we know the impacts that performance anomalies of a blockchain can have. These usually involve delays in the execution of transactions. If they do not lead to an increase in the costs generated by the latter.