Layer 2 solution Arbitrum reported an outage and said the team is working on fixing it.
Arbitrum reports an outage
Ethereum layer 2 solution Arbitrum reported that it is currently experiencing an outage on Arbitrum One. The outage could affect the transactions of users on the Ethereum network who use the solution.
The Arbitrum team announced this latest development via a tweet earlier today, stating that the team is currently working to fix the problem.
We are currently experiencing an outage on Arbitrum One. Our team is working on it and we will post updates here.
— Arbitrum is live on mainnet! (@arbitrum) September 14, 2021
Arbitrum is a layer 2 solution designed to improve the capabilities of Ethereum smart contracts. It improves the speed and scalability of the Ethereum smart contracts while adding additional privacy features to boot.
The Arbitrum platform was developed to address some of the shortcomings of current Ethereum-based smart contracts, including poor efficiency and high execution costs. It is designed to allow developers to easily run unmodified EVM contracts and Ethereum transactions on a second layer while still benefiting from Ethereum’s excellent layer 1 security.
Solana also experiencing network difficulties
This latest development comes a few hours after Solana reported that it is experiencing instability with its mainnet-beta. The mainnet-beta has been down for the past two hours and has affected the transactions of some of its users.