Knowledge

Why Does Solana Network Often Stop Working?

A problem that prevented blockchain production caused the Solana blockchain platform to be unavailable this afternoon for more than four hours. Just about 1 p.m. ET today, the Solana Status page and Twitter account both reported the problem. Around 5 p.m. ET, validators restarted the network to restore service.

Why Does Solana Network Often Stop Working? 2

An error with the blockchain’s durable nonce function, according to information shared on Twitter by Anatoly Yakovenko, a co-founder of SOL, and other engineers. According to a tweet by Yakovenko, the problem “caused part of the network to assume the block is invalid” and as a result, “no consensus could be reached.”

The durable nonce feature was turned off to allow validators to restart the Solana network, and Yakovenko stated that the bug would be resolved in a subsequent upgrade. According to the SOL Status website, the network was down for a total of 4 hours and 10 minutes.

In addition to NFT collectibles, decentralized apps (dapps), gaming, and decentralized finance (DeFi) services, Solana is an emerging Ethereum rival.

The value of the network’s SOL cryptocurrency skyrocketed in the fall of last year, but it has since declined along with much of the rest of the crypto market.

Over the past few months, Solana has gone through two prominent downtimes. When a new coin launch was taking place in September of last year, the network was overloaded with transactions and went offline for about 18 hours. In a postmortem report, Solana Labs referred to it as a “denial of service attack.”

More recently, on April 30, NFT minting bots—automated programs created to manipulate the introduction of a new NFT project—overloaded Solana with a reported 6 million transactions per second, causing the network to breakdown. The developers of Solana’s NFT protocol, Metaplex, have put in place a “bot tax” fine in an effort to steer clear of that problem moving forward.

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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Annie

Coincu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.