Yesterday, the Avalanche cryptocurrency, the first digital currency to implement the Avalanche consensus, suffered an unavailability of service for at least six hours. AvaLaunch issued an airdrop yesterday, leaving Avalanche Web Wallet users without control of their funds for six hours.
Avalanche Web Wallet Stalls After Avalaunch Airdrop
No rewrites were found According to official reports taken from status.avax.network, the page that monitors the state of every component of the Avalanche network, the outage started at 18:05 UTC, when web wallet nodes started experiencing a sharp uptick in API traffic.
After some users complained about not being able to see access funds in the wallet, it was taken into maintenance mode at 18:4 UTC due to:
degraded performance for some users accessing the API nodes directly (api.avax.network) and for users accessing the API nodes indirectly (through wallet.avax.network).
The issue is believed to have been caused by an airdrop carried out by Avalaunch, a launchpad for tokens in the Avalanche network that would deliver XAVA (its official token) to validators and delegators staking AVAX. The team announced the time for the airdrop snapshot in advance on a medium article, hat caused users to hurry up to stake or validate tokens to be also part of the giveaway, derivating in these issues.
That's Not the First ComplicationThis hasn't been the first significant problem that's hit the Avalanche network. The company nor the author shall be held responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any of the content, goods or services mentioned here.
No rewrites were found If you have a suggestion, please post it in the comments section below.
Not the First Bump in the Road
This has not been the first problem that has affected the Avalanche network in a significant way. Back in February, part of the network was practically halted due to a heavy load on the systems managing a cross-chain bridge when the Pangolin exchange, the first decentralized exchange on the blockchain, was launched.
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Disclaimer: Avalanche Web Wallet Stucks After Avalaunch AirdropThe Avalanche Web Wallet, the official wallet for the AVAX cryptocurrency, experienced a highly critical outage yesterday that left users without control of their funds for six hours. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. According to reports, the issue was traced to an airdrop executed by Avalaunch, a unit of the Avalanche network that distributed XAVA (its official token) to validators and delegators.