Bitcoin L2 Stacks stopped issuing blocks for nearly 9 hours yesterday due to bitcoin restructuring and unexpected miners
Stacks, the Bitcoin L2 scaling network, suffered a severe outage on Friday, halting block production for nearly 9 hours. The incident was attributed to Bitcoin restructuring (reorg) and "unexpected miner behavior", triggering a 12% drop in the price of STX on the day (currently at 1.9274USDT, 24H down 6.76%). "Unexpected miner behavior" may refer to miners not updating their software or coordinating effectively in response to Bitcoin restructuring, causing delays in block production and suggesting technical or operational issues among miners. Developers are also continuing to monitor miner activity to prevent similar outages in the future.
Stacks co-founder Muneeb Ali pointed out that the upcoming Nakamoto upgrade, which focuses on a new consensus mechanism, aims to eliminate the possibility of a fork and mitigate the impact of a bitcoin restructuring. The Nakamoto upgrade was originally expected to launch in late spring, but was delayed at the last minute due to potential issues that were too severe to be addressed in a subsequent update. It is scheduled to launch in August.