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  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Base claims top 3 spot in 30-day NFT volume: DappRadar

    Base claims top 3 spot in 30-day NFT volume: DappRadar

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    floor down up to 18% in the last week (week ended August 26, 2023), volumes still robust

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    Blue chip NFTs sink double digits as ETH retreats from record highs

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    NFT sales drop 25% to $134m, CryptoPunks plunge 59%

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    Defunct NFT lender Parallel Finance charges users $500 to withdraw assets

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    $3.62B Already Sold in 2025

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    The Rise of Indian Online Casinos: Affiliates, Crypto, and Seamless Gaming?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    What Is Impermanent Loss? How It Works, and How to Avoid It

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

    What Is an Algorithmic Stablecoin? How It Works and Why It Matters

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    What is Cloud Mining? A Beginner’s Guide

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    What is Crypto FOMO? How to Avoid Emotional Investing Mistakes

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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

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Home Blockchain

Another Cryptocurrency Network Down for 1 Hour, Inscriptions Strike Again

December 18, 2023
in Blockchain
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Another Cryptocurrency Network Down for 1 Hour, Inscriptions Strike Again
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The zkSync Era network, a layer 2 scaling solution for Ethereum, suffered a major outage today, stopping producing blocks for over an hour.

READ ALSO

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

At the time of writing this article, the network has still not started block production.

According to some information, the network outage was triggered by a similar event with an increase in inscription transactions used to place arbitrary data on the Bitcoin blockchain.

According to some information, the network outage was triggered by an increase in inscription transactions used to place arbitrary data on the Bitcoin blockchain. Inscriptions are a type of non-fungible tokens (NFTs) that have gained popularity in the cryptocurrency community in recent months. However, they also pose a cybersecurity risk as they can exploit a vulnerability in Bitcoin Core and Bitcoin Knots, exceeding the data bearer limit and spamming the network with large amounts of non-transactional data.

This can lead to increased network congestion, higher fees, and decreased performance for Bitcoin and other cryptocurrency networks with inscriptions such as zkSync Era.

The zkSync Era team has not yet made an official statement regarding the incident, but some users think that the network is unable to process these transactions due to the size and complexity of the inscriptions.

*This is not investment advice.

See also  Ripple's Grand Plan for Global Payments With Blockchain Revealed
Tags: CryptocurrencyHourInscriptionsnetworkStrike

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Led by Bitcoin, why is the crypto market up today?

Led by Bitcoin, why is the crypto market up today?

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Crypto Homosapiens’ Exclusive Presale Access through Whitelisting

Crypto Homosapiens’ Exclusive Presale Access through Whitelisting

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Web3 Social Media Platform DSCVR Expands via Solana

Web3 Social Media Platform DSCVR Expands via Solana

October 26, 2023
U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies

U.S.-Listed Bitcoin Miners Accounted for 25% of Global Network in December: Jefferies

January 10, 2025

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