The Avalanche cryptocurrency, the first cryptocurrency to ever implement the Avalanche consensus, suffered a service outage yesterday when its web wallet suffered a six hour outage. This was the result of severe congestion due to an air drop performed by AvaLaunch where users had no control over their funds for that period.
Avalanche Web Wallet stops after Avalaunch Airdrop
The Avalanche Web Web Wallet, the official wallet for the AVAX cryptocurrency, suffered an outage yesterday that left customers with no control over their tokens for six hours. According to official reports from status.avax.network, the site that monitors the status of all components of the Avalanche network, the outage began at 18:05 UTC when web wallet nodes saw a sharp increase in API traffic.
After some users complained about not being able to see access money in the wallet, the wallet was put into maintenance mode at 18: 4 UTC because:
Deteriorated performance for some users who access the API nodes directly (api.avax.network) and for users who access the API nodes indirectly (via wallet.avax.network).
The problem is believed to be caused by an airdrop run by Avalaunch, a launchpad for tokens on the Avalanche network that would deliver XAVA (its official token) to validators and delegators using AVAX. The team announced the time for the airdrop snapshot in advance for a medium sized item. This resulted in users rushing to set or validate tokens to be part of the giveaway as well.
In a different cryptocurrency environment, the failure of a single wallet is not a cause for concern as there are a multitude of options for managing your funds at any given time. However, the Avalanche blockchain relies only on this web wallet to serve the entirety of its users, and although some other wallets have been suggested, there are currently no viable alternatives.
The incident was resolved on May 4th, 02:29 UTC when the wallet team implemented a fix and rolled it out gradually. Despite this fix, Binance has stopped withdrawals for the currency at the time of writing.
Not the first bump on the road
This wasn’t the first problem that significantly affected the avalanche network. As early as February, part of the network was practically stopped due to a high load on the systems that manage a cross-chain bridge when the Pangolin switching center, the first decentralized switching center in the blockchain, was started.
The bug triggered an invalid coin mint on one of the chains and prevented users from accessing and transacting their money for more than 30 hours.
What do you think of the problems with the Avalanche Web Wallet? Let us know in the comments below.
Photo credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer of liability: This article is for informational purposes only. It is not a direct offer or an invitation to submit an offer to buy or sell, or a recommendation or approval of products, services or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author are directly or indirectly responsible for any damage or loss caused or allegedly caused by or in connection with the use or reliance on any content, goods or services mentioned in this article.