{"id":56217,"date":"2023-09-02T16:40:13","date_gmt":"2023-09-02T20:40:13","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/starkware-addresses-upgrade-related-lockouts-heres-what-happened\/"},"modified":"2023-09-02T16:40:15","modified_gmt":"2023-09-02T20:40:15","slug":"starkware-addresses-upgrade-related-lockouts-heres-what-happened","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=56217","title":{"rendered":"StarkWare Addresses Upgrade-Related Lockouts \u2013 Here’s What Happened"},"content":{"rendered":"
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StarkWare, the development firm behind Ethereum scaling solution Starknet, has released funds that got locked up following a system upgrade last week.<\/p>\n

In a post on social media platform X, StarkWare said a total of $550,000 worth of crypto held in accounts that had not been upgraded had become \u201ctemporarily inaccessible\u201d after the upgrade.<\/p>\n

That happened after all Starknet users earlier this year were asked to \u201cperform an essential upgrade to their account.\u201d<\/p>\n

\u201cAs of today, the upgrade is reenabled, allowing users to immediately regain access to their accounts,\u201d the StarkWare team wrote in the post.<\/p>\n

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The fact that accounts that had not been upgraded suddenly became inaccessible came as a surprise to many users, with some expressing their frustration with the whole case on X.<\/p>\n

The lock-up is the \u201cequivalent of having the money in your bank account disappear if you don’t get the latest software package,\u201d wrote<\/a> one user.<\/p>\n

\u201cThank You For Flying With StarkWare Airlines,\u201d the user added.<\/p>\n

Others made fun of the whole incident, with one user ironically asking<\/a> \u201cIs that the zero in zero knowledge?\u201d<\/p>\n

Testnet launched in July<\/h2>\n

Back in July, Starknet launched the testnet for a major new upgrade called the Starknet Quantum Leap.<\/p>\n

At the time, the testnet launch was the first step towards bringing the upgraded solution to the mainnet.<\/p>\n

The upgrade has since the beginning been touted as key to boost transaction throughput on the network, and the team described the improved throughout as \u201cunparalleled\u201d in the Ethereum ecosystem.<\/p>\n

According to a blog post at the time, the throughput \u201csurged\u201d from an average of 30,000 Cairo steps per second (CSPS) on the previous version, to 220,000 CSPS in Quantum Leap, representing close to a 10x increase.<\/p>\n

The last upgrade necessary to complete the Starknet Quantum Leap launched on mainnet on August 21, with the team promoting the upgrade as infrastructure developers can use \u201cto build amazing frontends!\u201d<\/p>\n

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