According to The Block, more than 1,000 Solana validators are currently offline. The cause of the outage was that Hetzner, a cloud service provider, blocked all Solana network activity on its servers.
Data from the RockawayX infrastructure dashboard shows the Solana network’s delinquent share rate at 22% – the highest since May. This ratio refers to the percentage of Solana shares that are currently delinquent.
Solana’s stake becomes past due when the validator to whom the stake is authorized goes offline. At this point, validators and delegators receive no rewards. However, the Solana network does not appear to be affected. As of the time of reporting, Solana’s status page did not show any issues.
Authorizers and validators affected by Hetzner’s move will be forced to find suitable alternatives to continue earning staking rewards, Anatoly Yakovenko, Solana Labs co-founder, urged participants the network moves their bets elsewhere.
In early August, Hetzner announced that it prohibits the use of its products for mining-related applications, and that running any cryptographic nodes would violate the terms of service.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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