Starknet faces 4-hour outage, block production halts

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Starknet seems to be dealing with its first main outage as no new blocks have been registered within the community over the previous few hours.

Starknet, a layer-2 answer for Ethereum valued at $8 billion, is outwardly experiencing its first vital outage, with no new blocks registered on the community prior to now a number of hours. Based on knowledge from Starkscan, the community ceased producing new blocks at round 8:57 (GMT+3), with no updates since then.

Starknet faces 4-hour outage, block production halts - 1
Starknet’s block manufacturing | Supply: Starkscan

Whereas Starknet’s standing web page exhibits no reported points, the reason for the outage stays unclear. Amid the information, the undertaking’s native token STRK noticed a decline of over 3.5% and is presently buying and selling at $1.8, in line with knowledge from CoinMarketCap. As of press time, Starknet has not made any public statements concerning the scenario.

Launched by StarkWare in November 2021, Starknet is a decentralized layer-2 community designed to scale Ethereum and decentralized functions, enabling limitless scalability for transactions. The undertaking has raised a complete of $225 million from traders equivalent to Greenoaks Capital, Coatue, Tiger World, Paradigm, and Sequoia Capital, propelling its valuation to $8 billion.

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