Saturday 01 October 2022 ▪ 7:00 pm ▪
min read – with
The crypto platform Solana (SOL) is yet to be talked about negatively. In fact, very early this morning, the Solana Foundation announced via tweet the fourth major blockchain breach since the beginning of this year. According to the announcement, there was a major outage on the network, making any transactions impossible. In the process, Solana ecosystem developers tried everything to make the network functional again.
Solana (SOL) has its fourth break since January
Solana (SOL) he just got his fourth breakdown of the current year. The Solana Foundation announced it on Twitter. One hour after the outage alert was issued, Solana status came back to the charge. The platform has set up a document with the quote “Solana Mainnet Cluster Restart-Beta”, towards beta validation. The tweet encouraged the validators in question to follow all instructions related to a restart cluster. However, despite Solana’s desire to quickly correct this obstacle, there was some resistance. Many collectors were unable to follow resume instructions. Blame it on network connection difficulties.
Multiple collectors, just like the game developer P2 Mao, confirmed on Twitter that the outage was still unresolved. After that, stakewizthe software and blockchain company, clarified: “ a misconfigured node caused a non-recoverable partition in the network “.
Ethereum’s competitor falls back in its ways and loses big
After Solana’s breakdown, its price dropped further. In 24 hours, its price fell by almost 3.3%, it had already regressed after The Merge. As a reminder, this is not the first time that Solana has suffered such a disappointment. Last month, many SOL holders were complaining about the gradually disappeared their assets. After investigation, it turned out that this malfunction was the work of a hacker. The executor managed to steal tokens from millions of online wallets.
Solana’s multiple correction efforts do not reassure holders. Some of them also expressed their displeasure on Twitter. Finally, after many attempts, everything was back to normal. It took almost 6 hours for network technicians to put everything back in order. Logically, this new incident will cast doubt on the credibility of the Solana network.
While waiting for his update, Solana is still struggling to find a constructive solution. The company loses a lot again with the drop in its value and its credibility with users.
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A doctoral student in financial law and an experienced SEO web editor, Cédrick Aimé is passionate about cryptocurrencies, trading, etc. He naturally participates thanks to his articles in the daily blockchain revolution for a better democratization of DeFi.