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Bitcoin L2 Stacks stopped producing blocks for nearly 9 hours yesterday due to Bitcoin reorganization and unexpected miner behavior
Odaily-Newsflash2024/06/15 00:41
By: Odaily-Newsflash
Bitcoin L2 expansion network Stacks suffered a severe outage on Friday and stopped producing blocks for nearly 9 hours. The incident was attributed to Bitcoin reorganization (reorg) and unexpected miner behavior, causing the STX price to fall 12% on the day (currently reported at 1.9274 USDT, a 24-hour drop of 6.76%).
Unexpected miner behavior may mean that miners have not updated their software or effectively coordinated to respond to Bitcoin reorganization, resulting in delayed block production and suggesting technical or operational problems among miners. Developers are also continuing to monitor miner activity to prevent similar outages in the future.
Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade, which focuses on a new consensus mechanism, is designed to eliminate the possibility of forks and mitigate the impact of Bitcoin reorganization.
The Nakamoto upgrade was originally expected to be launched in late spring, but because the potential problems were too serious to be resolved in subsequent updates, it was postponed at the last minute and is scheduled to be launched in August. (Decrypt)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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