The Ethereum (ETH) blockchain encountered a technical issue on May 12 that has stopped the finalization of blocks for more than an hour. This incident followed an earlier technical issue on May 11, making it the second in 24 hours.
The bug could have attacked Ethereum
The Ethereum Beacon Chain failed to finalize transactions for an unclear reason, which caused significant security concerns for users. Stephen Zeng, Director of Block Research, mentioned People speculate that the cause was errors in MEV’s customer service or infrastructure.
The Ethereum Foundation stated that non-final blocks can lead to a re-order or dropping of pending transactions from the network.
The latest attack was the second in 24 hours, with the same problem on May 11 when the end stopped for 25 minutes.
According to Ethereum bets, They found a production incident where all four groups of CL+EL deployed in their system were rebooted simultaneously, which is a rare phenomenon. Then it was found that the BeaconNode Prysm suddenly doubled its memory usage, causing the memory limit to increase and triggering OOM.
Superphiz.eth, a community health advisor on the Ethereum Beacon Chain, explained that transactions do not stop due to terminal issues like those on Ethereum. Additionally, he noted that the lack of a finale had no effect on activity on the series.
As of the time of writing, the network has fixed the issue and restored block termination.
Changes need to be implemented on the network
Some services built on Ethereum may need to modify operations due to terminal issues. DYdX, for example, paused deposits due to the incident and continues to investigate and monitor the matter.
Superphiz.eth notes that it is expecting a third wave even as the second wave ends. He also advised validators on the network to increase their hardware specs if they can switch to a minority client if possible. However, he points out that you don’t need to worry too much about it, even if it looks terrible. The series goes on and will eventually come to an end.
Meanwhile, it is clear that questions about the stability of Ethereum remain and could tarnish its credibility in the eyes of the creator. Network reliability is essential for blockchains that want to attract capital and grow users. This is important because Ethereum has historically been seen as among the most stable networks on the market.
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