Starknet recovers from four-hour outage, transactions rolled back

Starknet, an Ethereum Layer 2 scaling network, resumed block production after a disruption, rolling back to restore service. The team plans to publish a post-mortem on the incident. Despite the setback, Starknet secures $550 million in assets. The outage affected market sentiment, with STRK losing 5% and trading near $0.123. The “Grinta” upgrade introduced a three-node consensus system, pre-confirmations for faster transactions, and a redesigned fee market inspired by Ethereum’s EIP-1559. Fees are structured to balance network costs while remaining affordable.