Solana is experiencing another major outage in processing transactions on its network…Details here
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Answer Solana is experiencing another major outage in processing transactions on its network…Details here
A misconfigured node caused the Solana network to stop processing transactions and go out of business on Friday, the fourth major outage of the Solana blockchain since January, when the network experienced a series of partial outages for most of the month, according to Solana data.
This outage comes one year after a break of nearly 18 hours last September.
Meanwhile, the crypto winter drove the price of the cryptocurrency SOL, the 9th coin by market capitalization, by 81% in 2022.
At 7:01 p.m. Friday night EST, Solana caseoperated by the Solana Foundation, said that the network was “suffering from degraded performance” and that Solana’s developers were working on diagnosing the problem.Read:COMP coin is witnessing a rise of more than 250% for these reasons
Soon after, Solana posted that the network “Experiences an outage and does not process transactions”.
Solana’s network is experiencing outages and does not process transactions.
What is the reason for the interruption of the work of Solana network?
Solana’s auditor tweeted about the incident by saying:
It appears that a misconfigured node has caused an unrecoverable partition in the network.
According to the tweeter “Stakewiz”, it was assumed that the source of the program Solana had dealt with the problem, but for some unknown reason, it caused an unrecoverable partition or fork.
They believe the misconfiguration was an accident.
Solana’s comment on the incident:
Solana executives have argued in the past that the number of outages is few and far between, while its founder Anatoly Yakovenko told earlier this month that outages in Solana’s network were “our curse.”Read:The transfer of $ 300 million in cryptocurrency from the “Huobi” platform to “Binance” … details here
Solana Network is one of a large number of smart contract blockchains touted as the Ethereum killer, a popular blockchain for minting non-fungible tokens, NFTs, and decentralized applications.
After the transition of Ethereum to the Proof of Stake mechanism on September 15, Solana is now the number three network in the stakes network by market capitalization behind both Ethereum and Cardano.
If Solana really intends to compete with Ethereum, she will need to stay in shape all the time.
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