Starknet, a Layer 2 solution built on the Ethereum network to enhance scalability, has successfully restored its operations after experiencing an interruption that lasted over four hours.
The Starknet team communicated via an official announcement on X, stating that “block creation has returned to normal.” They also confirmed that most Remote Procedure Call (RPC) providers are again fully operational, with the remaining providers working to implement the necessary updates.
To recover from the disruption, Starknet performed a rollback to block number 1,960,612. This action effectively reversed approximately one hour’s worth of network transactions. Consequently, transactions submitted between 2:23 AM and 4:36 AM UTC were removed from the blockchain and users will need to resubmit them.
The Starknet developers have assured the community that a comprehensive report will be released soon. This report will detail the sequence of events, identify the underlying cause of the issue, and outline the steps being taken to prevent similar occurrences in the future.
Prior to implementing the fix, the development team informed users that they were actively investigating the situation and dedicated to restoring services as quickly as possible.
Despite this recent problem, Starknet continues to be a significant player in the Layer 2 ecosystem, holding roughly $550 million in locked assets, according to data from L2Beat.
However, the temporary outage negatively impacted investor confidence in the network’s native token.
According to market information from CryptoSlate, the value of STRK decreased by 5% during the period when the network was down, reaching a trading price near $0.123 at the time of this report.
Grinta Update
This disruption occurred less than a day after Starknet launched its “Grinta” update. This release was described as an important step forward in promoting decentralization and enhancing the overall user experience.
Version 0.14.0 of the update introduced a Tendermint consensus system consisting of three nodes. This replaces the previous single sequencer system. While StarkWare is currently operating the new system, the plan is for it to evolve into a fully decentralized model in the near future.
The Grinta update also implemented pre-confirmations, which provide transactions with a preliminary status within just half a second. This offers users almost instantaneous feedback on their transactions.
Starknet has reported that this update has increased block production speed by a factor of seven compared to its previous performance, with further speed enhancements scheduled for future implementation.
Furthermore, the Grinta update included a redesigned fee market that draws inspiration from Ethereum’s EIP-1559.
The new fee structure involves base fees and optional tips across three categories: L1 gas, L2 gas, and L1 data gas. This design aims to strike a balance between covering network costs and maintaining affordable fees, typically keeping L2 gas fees under three gFRI per unit.