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Bitcoin:
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BTC Dominance:
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Market Cap:
$3.11 T

Unexpected Outage in Popular Ethereum-Based Altcoin!

Ethereum whale wallets surge

Ethereum (ETH) Layer-2 (L2) scaling solution Starknet (STRK) faced an unexpected service outage today. The network has not produced blocks for over 20 minutes and remains offline.

Official Statement from the Team

The Starknet team confirmed the outage via their official X account:

“Starknet is currently offline. Our team is actively investigating the issue and working to restore full functionality as soon as possible. We will share updates as more information becomes available. Thank you for your patience.”

 

User and Developer Concerns

This unexpected outage has raised concerns among users and developers who build decentralized applications and services on Starknet, especially regarding transaction security and network continuity.

Despite the technical issue, Starknet’s native token STRK has not seen a significant price drop, reflecting investor confidence that the problem will be resolved quickly.

Importance of Starknet

As one of Ethereum’s most prominent Layer-2 scaling solutions, Starknet aims to increase transaction speeds and reduce costs. Restoring network functionality is crucial both for user trust and for the broader scalability of the Ethereum ecosystem.

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