Ethereum Stops Completing Transactions For Second Time In 24 Hours

Ethereum, the world’s second-largest cryptocurrency, experienced a second delay in transaction completion on May 12, leaving developers scrambling to find a solution.

Ethereum developer Terence.eth announced the news on Twitter, saying that the mainnet is once again unable to complete transactions and that Prysm, the client used to process transactions, is releasing a patch to fix the problem.

Subsequent comments from Terence.eth suggest that those delayed transactions have been finalized and other clients are releasing patches. However, he stated that ethereum is “still not out of the woods,” implying that the problem has not been fully resolved.

This is the second delay in 24 hours. On May 11, for the first time, due to unknown reasons, Ethereum could not complete the transaction within 25 minutes.

The cause of the problem has now been partially determined. Terence.eth said the ethereum node running the Prysm client received troublesome proofs, causing the client’s CPU and memory usage to spike, leading to a “death spiral.” He said that with the exception of the Lighthouse client, most clients experience similar issues.

Terence.eth also said that the Prysm node discovered a “small bug” that occurred when the client went into a “death spiral.” This doesn’t seem to be the ultimate cause of the problem.

Another developer, Superphiz, who commented on the delay on May 11, said, forecast A third issue is possible and urges node operators to upgrade their hardware.

While none of the crashes resulted in a complete outage of Ethereum, it continued to process some transactions that were subsequently completed correctly.

The delay highlights the ongoing challenges facing the ethereum network as it seeks to scale and process transactions quickly and efficiently. As decentralized finance (DeFi) applications are increasingly adopted and used on the network, it is critical to ensure that the network can handle increased traffic and transaction volumes.

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