Avalanche C-Chain Halts for Over an Hour; Developers Probe Issue

The Avalanche network, specifically its C-Chain, experienced a significant outage, halting block production for several hours. Developers from Ava Labs are actively investigating the issue, which appears to be related to a new inscription wave launched about an hour ago. The outage, lasting more than 1 hour and reported to be nearly 3 hours, has caused concern within the cryptocurrency community, as block production stopped entirely, affecting transactions and operations on the network. This event follows a similar incident with Solana earlier in the month, highlighting the technical challenges faced by major blockchain networks. The last recorded transaction on the Avalanche C-Chain was at block 42046853, indicating the extent of the disruption. $AVAX was down slightly on the news. The network's status updates and efforts to resolve the issue are being closely monitored by users and stakeholders.