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Home»Blockchain»Another Cryptocurrency Network Down for 1 Hour, Inscriptions Strike Again
Blockchain

Another Cryptocurrency Network Down for 1 Hour, Inscriptions Strike Again

2023-12-16Updated:2023-12-20No Comments2 Mins Read
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The zkSync Period community, a layer 2 scaling resolution for Ethereum, suffered a serious outage at this time, stopping producing blocks for over an hour.

On the time of writing this text, the community has nonetheless not began block manufacturing.

In keeping with some info, the community outage was triggered by an identical occasion with a rise in inscription transactions used to put arbitrary information on the Bitcoin blockchain.

In keeping with some info, the community outage was triggered by a rise in inscription transactions used to put arbitrary information on the Bitcoin blockchain. Inscriptions are a sort of non-fungible tokens (NFTs) which have gained recognition within the cryptocurrency group in current months. Nevertheless, additionally they pose a cybersecurity threat as they’ll exploit a vulnerability in Bitcoin Core and Bitcoin Knots, exceeding the info bearer restrict and spamming the community with giant quantities of non-transactional information.

This will result in elevated community congestion, increased charges, and decreased efficiency for Bitcoin and different cryptocurrency networks with inscriptions comparable to zkSync Period.

The zkSync Period group has not but made an official assertion relating to the incident, however some customers suppose that the community is unable to course of these transactions as a result of dimension and complexity of the inscriptions.

*This isn’t funding recommendation.

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See also  NFTFeed Collaborates with REI Network to Pave Path for Smooth Cross-Chain Integration
Cryptocurrency hour Inscriptions Network Strike
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