There were indications of a shutdown in the Avalanche [AVAX] blockchain on 23 March, raising concerns about the feasibility of the network’s transactions and the value of AVAX.
Decentralized apps (dApps) and smart contracts are catered for on the Avalanche network by the Avalanche C-Chain, commonly called the Contract Chain. It belongs to the Avalanche network, which promises to offer a highly scalable and functional blockchain ecosystem.
On 23 March, for reasons not made public, this portion of the blockchain network stopped functioning, per data obtained from the snowtrace.io explorer. At block height 27788298, the Avalanche C-chain ceased producing blocks, and the outage continued for over two hours. As of this writing, the production of blocks had resumed, so everything appeared to have returned to normal.
(By Suzuki Shillsalot)
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