Rephrase and rearrange the whole content into a news article of 350 words. Make sure whole content is in narrative style with h2 and h3 headings and there is no plagiarism involved compare with the following article:
Avalanche’s block production halt was not a result of an inscription wave, according to Ava Labs co-founder Kevin Sekniqi.
The layer-1 platform experienced a major technical disruption on Friday, with block production halting for an extended period. In an earlier update, Sekniqi had posted on X that the Avalanche team was investigating the issue, noting that the outage could have connections to a “new inscription wave.”
“Investigating Avalanche primary network block production issue right now. Seems to be related to a new inscription wave launched about an hour ago.”
However, a new post on X a few minutes ago suggests this is not the case. Sekniqi noted:
“Clarification on this: the issue seems to be a gossip-related mempool management bug, which is purely a code-related bug, and not an issue with performance handling. Inscriptions seem to have hit the edge case, but inscriptions did not affect performance.”
Clarification on this: the issue seems to be a gossip-related mempool management bug, which is purely a code-related bug, and not an issue with performance handling. Inscriptions seem to have hit the edge case, but inscriptions did not affect performance. https://t.co/9cvQSAmTVu
— Kevin Sekniqi 🔺 (@kevinsekniqi) February 23, 2024
AVAX price dips
The price of AVAX, the native Avalanche token dipped more than 3% after the initial news. AVAX/USD touched lows of $36.14 across major exchanges.
AVAX still trades around the level, with token’s value down 2% in the past 24 hours and 12% in the past week.
The post Avalanche network halt not due to “inscriptions wave”, Ava Labs co-founder says appeared first on Invezz
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