Crypto project Avalanche made headlines on Monday after making a remarkable announcement to the community. The developments indicate that Avalanche’s blockchain explorer will end its operations on November 30.
On the morning of October 30, 2023, the crypto community discovered that SnowTrace, the leading Avalanche blockchain explorer tool developed by Etherscan, posted an attached notice on the website that they would stop working from 7:00 AM on the 30th. /11 (Vietnamese time).… pic.twitter.com/m7isRzBDQf
— Forward Robin (@ForwardRob37930) October 30, 2023
Meanwhile, Snowtrace users should download their contract verification information, private keys, and nameplates before the deadline. That means a tight deadline for users to look for an alternative platform within the next 30 days.
Snowtrace will end its services at the end of November
The news that Avalanche’s browser was terminating its services on November 30 caused an uproar within the community. Snowtrace is an AVAX C-chain browser designed by developers of the well-known Etherscan explorer.
Meanwhile, the decision surprised many and sparked speculation and several questions among individuals using Snowtrace for blockchain ventures. Some believe that the AVAX team could leave the platform.
Nevertheless, Phillip Liu Jr. emphasized from Ava Labs that the crypto project will implement a new and progressive solution. That eased users’ concerns, while some enthusiasts wait for more clarity.
What’s next for users
The November 30 deadline remains tight, as those dependent on Snowtrace must quickly find an alternative solution. Failure to download private keys, contract verification information, and nameplates before deactivation could mean data loss for users.
While the future of Avalanche remains uncertain as far as the blockchain browser is concerned, users can expect an advanced solution that will lead to an improved experience for AVAX enthusiasts. Nevertheless, Snowtrace fans should prepare for service disruptions while securing their sensitive data.
Avalanche rose over 2.60% after the latest news, changing hands to $11.21 at the time of writing. Additionally, volume increased 12.24% to $164.59 million over the past day.
AXAX 24-hour chart on Coinmarketcap
The altcoin gained almost 10% over the past seven days as bulls dominated the crypto world. As I wrote here, this week remains crucial to the market trajectory due to the upcoming federal meeting.
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