Layer-1 blockchain Aptos Community suffered a community glitch that made it unattainable to course of transactions for over 5 hours within the early hours of right this moment, Oct. 19, in line with info on AptoScan.
Though regular operations have resumed, the challenge formally acknowledged the interruption in an announcement posted on the social media platform X (previously Twitter), confirming that “transactions on the community have been impacted.”
This incident prompted cryptocurrency exchanges Upbit and OKX to quickly halt deposits and withdrawals of Aptos Community tokens on their platforms.
Aptos has not launched an in depth autopsy explaining the reason for the disruption. Nonetheless, it humorously attributed the incident to its customers’ “power for Aptos One.”
Aptos mainnet at one yr.
This week, the Aptos group celebrated the mainnet community’s first-anniversary launch by trending the Aptos One hashtag on social media platforms.
Aptos is a enterprise capital-backed challenge that launched on Oct. 17, 2022. The challenge was constructed by former Meta workers who promised the layer one community would ship unparalleled scalability by leveraging its novel Transfer programming language.
Nonetheless, one yr into its mainnet launch, the challenge has but to ship its promised pace of as much as 160,000 transactions per second (TPS), because it solely processes round 33 TPS, in line with AptoScan. Its crew claimed that its throughput peaked at 5,862 TPS.
Regardless, the blockchain community has recorded notable milestones throughout the previous yr, together with securing partnerships with technological giants like Microsoft and processing greater than 300 million transactions. Moreover, its group has minted over 2 million NFTs on the community.
APT worth is 45% down.
Over the previous yr, Aptos’ APT token has fallen by round 45% throughout the previous yr, in line with Tradingview knowledge.
The digital asset soared to $18 this January after majorly buying and selling underneath $10 post-launch. Nonetheless, the challenge has confronted important headwinds with the discharge of latest tokens, which has exerted extra promoting strain in the marketplace.
APT was buying and selling for $5.00 as of press time.
The put up Aptos Community faces 5-hour transaction outage on first anniversary appeared first on CryptoSlate.
