How Aptos’ outage halted deposits and withdrawals
The post How Aptos’ outage halted deposits and withdrawals appeared on BitcoinEthereumNews.com. The Aptos blockchain went off for almost five hours, causing a hold-up in on-chain and exchange transactions. Transactions have resumed and interest in trading APT increased. Layer-1 blockchain Aptos [APT] experienced a blackout as its network went off for more than four hours on the early morning of 19 October. According to the Aptos Block Explorer, on-chain transactions on the blockchain stopped happening at 7:11 UTC+8 at block 104621314 on the said date. It remained the same up until past 11:00 UTC+8. Realistic or not, here’s APT’s market cap in BTC terms Does electric energy cause a blackout? At first, the reason for the disruption was unclear. But moments later, the official handle of Aptos on X (formerly Twitter), posted that congestion on the network could have been responsible for the downtime. Your energy for Aptos One was so electric, you cut the lights! What that means at the moment is that transactions on the network have been impacted. We are working diligently to resolve the issue and will keep you updated upon completion. — Aptos (@Aptos_Network) October 19, 2023 However, on-chain transactions were not the only ones affected by the outage, as exchanges also felt the heat. As a result, exchanges like OKX paused withdrawals and deposits for the APT token. South Korean-based exchange Upbit, through its service center, also informed its community that it would be taking the same step so as to mitigate the risk of any loss of funds. It was also interesting to note that the outage occurred a year after the Aptos Mainnet launched. In celebration of its one-year anniversary, the blockchain had posted some of its achievements days before the blockchain went off. According to Aptos, which operates on the Move programming language, 111 nodes actively contributed to the network’s security and robustness.…
The post How Aptos’ outage halted deposits and withdrawals appeared on BitcoinEthereumNews.com.
The Aptos blockchain went off for almost five hours, causing a hold-up in on-chain and exchange transactions. Transactions have resumed and interest in trading APT increased. Layer-1 blockchain Aptos [APT] experienced a blackout as its network went off for more than four hours on the early morning of 19 October. According to the Aptos Block Explorer, on-chain transactions on the blockchain stopped happening at 7:11 UTC+8 at block 104621314 on the said date. It remained the same up until past 11:00 UTC+8. Realistic or not, here’s APT’s market cap in BTC terms Does electric energy cause a blackout? At first, the reason for the disruption was unclear. But moments later, the official handle of Aptos on X (formerly Twitter), posted that congestion on the network could have been responsible for the downtime. Your energy for Aptos One was so electric, you cut the lights! What that means at the moment is that transactions on the network have been impacted. We are working diligently to resolve the issue and will keep you updated upon completion. — Aptos (@Aptos_Network) October 19, 2023 However, on-chain transactions were not the only ones affected by the outage, as exchanges also felt the heat. As a result, exchanges like OKX paused withdrawals and deposits for the APT token. South Korean-based exchange Upbit, through its service center, also informed its community that it would be taking the same step so as to mitigate the risk of any loss of funds. It was also interesting to note that the outage occurred a year after the Aptos Mainnet launched. In celebration of its one-year anniversary, the blockchain had posted some of its achievements days before the blockchain went off. According to Aptos, which operates on the Move programming language, 111 nodes actively contributed to the network’s security and robustness.…
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