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Two networks of the Avalanche project at onceexperiencing problems. Network C, used for DeFi applications, went down for an hour, and Network X, used for transferring funds, is experiencing transaction delays.
The Avalanche cryptocurrency project is different fromconventional blockchains by the presence of parachains - separate networks for different needs. The developers managed to restore the functionality of the C network, on the basis of which smart contracts operate and the MetaMask wallet operates. However, no transactions were recorded in blocks for about an hour. Network X, which is necessary for the movement of funds, is experiencing problems with transactions. However, although with a delay, they are recorded in the blockchain - some nodes continue to remain disconnected. With the P network, which works for staking and validators, there are no problems.
“There are problems with network stability.A bug was discovered in client version 1.9.12. We have already released a fix, so please install version 1.9.14 as soon as possible,” writes Ava Labs co-founder and COO Kevin Sekniqi.
Amid these problems, the Korean cryptocurrencyUpbit exchange has suspended deposits and withdrawals in AVAX coins. At the same time, the situation did not affect the coin’s exchange rate too much - the cost of AVAX fell by 3.4%, but has almost recovered at the moment.
Earlier this year, cloud service provider Amazon added the ability to quickly deploy Avalanche nodes to its platform.
