Hideo Nakamura On Friday, Ethereum’s Blockchain experienced a hiccup. For over an hour the chain wasn’t able to finish blocks. Fortunately no transactions were interrupted and there were no disruptions in activity according to Ethereum developer Superphiz.
Addressing the Ethereum Transaction Glitch
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On May 11 and 12, 2023, the Ethereum blockchain had some issues with finishing transactions. The first time it lasted 25 minutes, but the second day it was stuck for over an hour. People don’t know why it happened, however some believe it may have something to do with staking clients and MEV glitches. Superphiz from the Beacon Chain community says that although these problems took place not much damage was done.
The developer tweeted that no transactions were stopped. The Ethereum network was still running as normal, but a new concept called ‘finalization’ didn’t happen yet. Finalization is there to make sure no changes are made after the fact. This had no effect on what the chain was doing.
On the 13th of May, Superphiz gave everybody some positive news. He said that lots of developers behind Teku and Prysm had found a solution to fix the problem with sending so many messages (called ‘attestation flooding’). He also added, encouragingly, that everyone should take it as a chance to learn and move ahead with more spirit. At last he mentioned an update from the Ethereum Foundation about the ‘Beacon Chain Community Health’.
On May 11th and 12th the Ethereum network had an issue with finalizing transactions for 3 and 8 epochs. This was caused by having high computer use which was sparked by an unexpected event. Even though the network couldn’t finish all of its transactions, it was still working properly allowing users to send messages on the system.
Because not everyone was affected by a special situation, it made it possible to find the solution. The group that investigated the problem is still looking into why this happened and have discovered that some new changes made to the network have prevented anything like this from happening again in the future. This should keep everything stable for now!
Do you have opinions about the recent problem with Ethereum’s transactions and their upcoming fixes? Please post them in the comments below.
