Avalanche C-Chain halts block production, here’s what concerns investors

ambcrypto.com:

There were indications of a shutdown in the Avalanche [AVAX] blockchain on 23 March, raising concerns about the feasibility of the network’s transactions and the value of AVAX.

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Decentralized apps (dApps) and smart contracts are catered for on the Avalanche network by the Avalanche C-Chain, commonly called the Contract Chain. It belongs to the Avalanche network, which promises to offer a highly scalable and functional blockchain ecosystem. 

On 23 March, for reasons not made public, this portion of the blockchain network stopped functioning, per data obtained from the snowtrace.io explorer. At block height 27788298, the Avalanche C-chain ceased producing blocks, and the outage continued for over two hours. As of this writing, the production of blocks had resumed, so everything appeared to have returned to normal.

Source: snowtrace.io

The Avalanche C-chain’s block production halt prompted an examination of the network’s uptime during the previous 90 days, which showed that it had been relatively stable. Except for the mainnet explorer and the mainnet bridge, the Avax status check showed that all network platforms had 100% uptime for the past 90 days.

Source: Avalanche network

In the last 90 days, the mainnet explorer has been down for three days, as revealed by a status check. Service was interrupted for over an hour on 20 March, for 24 hours on 21 March, and over 15 hours on 22 March. Then, on 22 and 23 March, the mainnet bridge was down for six and two hours, respectively.

Due to the interruptions, the Explorer and the Bridge were only available 99.43% and 99.88% of the time, respectively, within the specified time frame.

The daily transactions chart for the C-chain showed