Arbitrum Error Analysis Report: No User's Money At Risk

Key Points:

Arbitrum has released a post-event analysis report on previously failed bulk submissions of transactions.
According to the analysis, disruptions in Sequencer batch posters caused batches not to be posted, but user funds were still kept safe.
Release [v2.1.0-beta.2] was created to fix and prevent future problems.

According to official sources, Arbitrum has released a post-event analysis report on previously failed bulk submissions of transactions.

Arbitrum Error Analysis Report: No User's Money At Risk

The network claims that the sequencer has not stopped working or is out of funds, and that the sequencer continues to accept user transactions without risking user funds.

We’ve published a post-mortem doc explaining what transpired to disrupt the Sequencer batch posting.
Important to note:
– The Sequencer did not go down or run out of funds
– The Sequencer continued accepting user tx
– No user funds were at riskhttps://t.co/pcACvgUMRD https://t.co/lPl0dsXphu
— Arbitrum Developers (💙,🧡) (@ArbitrumDevs) June 10, 2023

Reports use that the sequencer ran out of funds need to be corrected. The Arbitrum Nitro funding mechanism consists of the batch poster wallet and the “gas-refunder” wallet. The batch poster wallet is responsible for posting transactions on-chain and has a relatively low ETH balance that is programmatically refilled. The gas refunder is a smart contract with a high ETH balance, and it automatically refills the batch poster wallet when it successfully posts batches.

According to previous news, there was a bug in Arbitrum’s sorting code, causing the network’s bulk transaction sending function to be temporarily disrupted and transactions unable to be confirmed on the main chain.

According to confirmation from the developer team, the sequencer of Arbitrum has encountered an error. This is an essential component of the design of the network and other rollup platforms. They are responsible for ordering transactions and executing them on the network.

The software bug has temporarily disrupted network operations due to a backlog of transactions in the queue, a community manager for the Arbitrum Foundation added on the Discord channel. As soon as the problem was found, the network immediately fixed the problem and now has the situation under control.

A new beta release, [v2.1.0-beta.2], was created with a root cause fix and various mass poster hardening measures to prevent similar problems in the future.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News

Source: https://news.coincu.com/193832-arbitrum-error-no-users-money-at-risk/