Solana was down for four hours today after the agreement was blocked by a bug. Network validators have disabled the feature to restart the network. As a result, Solana is down 11% on the day.
Solana is offline again
The Solana Blockchain (SOL) platform has just been down for over four hours due to a bug that stopped blockchain production. again.
Solana’s official status page and Twitter account reported the issue just before 1pm ET today, with validation by restarting the network back online around 5pm.
Block production on Solana Mainnet Beta has stopped. Validation operators should prepare for a restart in b-collectors on Discord. https://t.co/gRJJRqEMPn
– Solana Status (@SolanaStatus) June 1, 2022
According to Solana co – founder Anatoly Yakovenko and other developers on Twitter, the problem was caused by a bug in the blockchain’s ongoing nonce implementation. Yakovenko tweeted that the question “causes part of the network to consider the block invalid” – and “no consensus could be formed” as a result.
The validators then worked together to restart the Solana network and that feature was not disabled. According to Yakovenko, the bug will be fixed in a future update. Overall, according to Solana’s status page, the network was down for 4 hours and 10 minutes. At the time of this writing, some Solana RPC nodes are not yet back online.
Solana’s meteoric rise
Solana is an emerging competitor for Ethereum, which is now popular for NFT collectibles, decentralized apps (Dapps) and games, and decentralized financial services (DeFi).
The network’s native cryptocurrency, SOL, saw a metric rise last fall. In recent months, however, the upswing has cooled along with much of the rest of the crypto market.
Solana is currently down 11% in the last 24 hours to a price of just over $ 40, according to data from CoinMarketCap. That’s up 84% from the high of $ 260 last November.
Solana has had two high profile failures in recent months. Last September, the network went down for almost 18 hours after being congested by transactions sent to DeFi protocol for the launch of new signals. Solana Labs described this as an “attack of denial of service” in a posthumous report.
Recently, on April 30, the network crashed after NFT mining robots hit Solana with 6 million transactions per second. These robots are automated programs designed to manipulate the launch of new NFT projects. Metaplex, makers of the Solana NFT protocol, introduced a “bot tax” to avoid this problem in the future.
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Last updated June 2, 2022
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