{"id":163095,"date":"2024-03-13T16:01:18","date_gmt":"2024-03-13T16:01:18","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=163095"},"modified":"2024-03-13T16:02:52","modified_gmt":"2024-03-13T16:02:52","slug":"layer-2-blockchain-blast-halts-operations","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/layer-2-blockchain-blast-halts-operations\/","title":{"rendered":"Layer-2 Blockchain Blast Halts Operations Amid Ethereum&#8217;s Dencun Upgrade"},"content":{"rendered":"<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">TL;DR<\/span><\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Layer 2 blockchain network Blast has stopped producing blocks due to issues related to Ethereum&#8217;s Dencun upgrade.<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Blast&#8217;s core engineers are working on a solution to address these issues.<\/span><\/span><\/li>\n<li><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">An update and post-mortem analysis is expected once the fix is \u200b\u200bimplemented.<\/span><\/span><\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: justify\"><a href=\"https:\/\/blast.io\/es\" target=\"_blank\" rel=\"noopener\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Blast,<\/span><\/span><\/strong><\/a><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> the layer-2 blockchain network built on<\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> Ethereum, <\/span><\/span><\/strong> <strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">has experienced a halt in operations following the implementation of <\/span><\/span><\/strong> <strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Ethereum&#8217;s long-awaited Dencun upgrade<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><!--more--><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">outage<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> is attributed to <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">technical issues<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> associated with <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the <a href=\"https:\/\/crypto-economy.com\/what-is-ethereum\/\" target=\"_blank\" rel=\"noopener\">Ethereum<\/a> mainnet upgrade.<\/span><\/span><\/strong><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The Blast Mainnet has stopped producing blocks due to issues related to Ethereum\u2019s Dencun upgrade. <\/p>\n<p>Core engineering contributors are working on a fix. We\u2019ll share an update and post-mortem once the fix is live (eta 30-60 min).<\/p>\n<p>&mdash; Blast (@Blast_L2) <a href=\"https:\/\/twitter.com\/Blast_L2\/status\/1767924021872455902?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">March 13, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The Blast network<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">, known for being an <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Ethereum scaling<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> solution, has reported through its X account that <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">its mainnet has stopped producing blocks as a result of <\/span><\/span><\/strong> <strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">issues related to Ethereum&#8217;s Dencun upgrade<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The project engineering team<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> \u00a0is currently dedicating its efforts to finding <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">a solution to these problems.<\/span><\/span><\/strong><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">This <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">setback<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> comes just <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">after Blast&#8217;s mainnet launch in late February,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> a moment that marked a <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">major milestone<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> for the network.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">However, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">the outage has highlighted the inherent fragility of layer 2 networks<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> that depend on the underlying <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Ethereum infrastructure.<\/span><\/span><\/strong><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-80519\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/03\/blastt.jpg\" alt=\"Layer-2 Blockchain Blast Halts Operations Amid Ethereum Dencun Upgrade\" width=\"825\" height=\"300\" \/><\/p>\n<h2><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Despite this setback, Blast has proven to be an attractive option for users<\/span><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">It currently has <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">over $2.3 billion in funds locked in its Ethereum bridge<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> ahead of the mainnet launch.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Although <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">there was initially a decline<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in funds locked after launch, the network has continued to attract more funds, <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">totaling over $2.9 billion in total value locked (TVL)<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to date.<\/span><\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">The team behind the project, known for their work on the successful <\/span><strong><a href=\"https:\/\/crypto-economy.com\/nft-lending\/\" target=\"_blank\" rel=\"noopener\"><span style=\"vertical-align: inherit\">NFT<\/span><\/a><\/strong><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> marketplace <\/span><span style=\"vertical-align: inherit\">Blur,<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> has used <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">incentives such as airdrops<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to attract <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">users<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> to their platform.<\/span><\/span><\/p>\n<p style=\"text-align: justify\">However, this event serves to underscore the <strong>critical role<\/strong> that the <strong>stability<\/strong> and <strong>reliability<\/strong> of the <strong>foundational infrastructure<\/strong> play in both the <strong>adoption<\/strong> and <strong>sustained prosperity<\/strong> <strong>of Layer 2 solutions<\/strong> within the blockchain ecosystem.<\/p>\n<p style=\"text-align: justify\">Once the <strong>network issues<\/strong> have been resolved, <strong>the project is expected to deliver an additional update<\/strong>, providing users with further <strong>information<\/strong> and insights into the situation.<\/p>\n<p style=\"text-align: justify\"><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Users and observers of the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">blockchain space are attentive to how Blast will address this situation<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> and how it will affect its position in the <\/span><\/span><strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\">Ethereum ecosystem<\/span><\/span><\/strong><span style=\"vertical-align: inherit\"><span style=\"vertical-align: inherit\"> in the near future.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Layer 2 blockchain network Blast has stopped producing blocks due to issues related to Ethereum&#8217;s Dencun upgrade. Blast&#8217;s core engineers are working on a solution to address these issues. An update and post-mortem analysis is expected once the fix is \u200b\u200bimplemented. Blast, the layer-2 blockchain network built on Ethereum, has experienced a halt in &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Layer-2 Blockchain Blast Halts Operations Amid Ethereum&#8217;s Dencun Upgrade\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/layer-2-blockchain-blast-halts-operations\/#more-163095\" aria-label=\"More on Layer-2 Blockchain Blast Halts Operations Amid Ethereum&#8217;s Dencun Upgrade\">Read more<\/a><\/p>\n","protected":false},"author":33,"featured_media":163099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,70,74],"tags":[9887,4620,4677,4679,5001],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163095"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=163095"}],"version-history":[{"count":4,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163095\/revisions"}],"predecessor-version":[{"id":163102,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/163095\/revisions\/163102"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/163099"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=163095"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=163095"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=163095"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}