Layer-1 blockchain Aptos Community suffered a community glitch that made it inconceivable to course of transactions for over 5 hours within the early hours of at present, Oct. 19, in accordance with info on AptoScan.
Though regular operations have resumed, the mission 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 briefly 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 mission that launched on Oct. 17, 2022. The mission was constructed by former Meta staff 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 mission has but to ship its promised velocity of as much as 160,000 transactions per second (TPS), because it solely processes round 33 TPS, in accordance with AptoScan. Its staff claimed that its throughput peaked at 5,862 TPS.
Regardless, the blockchain community has recorded notable milestones through 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% through the previous yr, in accordance with Tradingview knowledge.
The digital asset soared to $18 this January after majorly buying and selling below $10 post-launch. Nonetheless, the mission has confronted vital headwinds with the discharge of latest tokens, which has exerted extra promoting stress 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.
