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Blockchain

Solana Stopped Working Due to Error 1.14 Beta Solana Validator But SOL Soars 22%

January 9, 2023 - Around 2 mins mins to read

Key Points:

  • Solana stopped working due to a bug in the 1.14 Solana Validator beta.
  • Unlike previous crashes, it did not affect Solana’s ability to generate new blocks this time.
  • The above incident does not have much impact on the network. The price of SOL skyrocketed more than 22% in the past 24 hours.
The RPC (Remote Procedure Call) endpoints operated by the Solana Foundation are currently unavailable. Solana stopped working due to a bug in the 1.14 Solana Validator beta.
Solana Stopped Working Due to Error 1.14 Beta Solana Validator But SOL Soars 22%

RPC is understood as a network technical model, a method of communication between two processes, helping programmers to interact easily with the blockchain network. However, the RPC endpoints that help cryptocurrency applications and wallets connect to the blockchain are now offline due to a bug in the 1.14 Solana Validator beta.

The tweet also clarified that the incident did not affect Solana’s ability to generate new blocks, unlike previous outages or network outages. Other RPCs provided by Triton, QuickNode, and Alchemy are still working correctly.

“Mainnet beta Explorer and Solana Foundation Public RPC endpoints are currently offline as RPC node software is upgraded, following a bug in test release 1.14. Block production has not been impacted and the Solana network has not been impacted.”

This is the first time Solana has encountered a problem in 2023, but in 2022 alone, there have been at least five times the Solana network shutting down. Most of these outages are due to poor resistance to spam bots, which overloads transactions.

Most recently, more than 1,000 nodes were disconnected because of being blocked by a cloud service provider, causing over 22% of SOL staking not to receive transaction confirmation rewards. The most extended network outage in 2022 was in May when the network “stood still” for more than 8.5 hours.

The above incident does not have too much impact on the network nor negatively impact Solana’s SOL token price. SOL even increased by more than 22% in the last 24 hours.

Solana Stopped Working Due to Error 1.14 Beta Solana Validator But SOL Soars 22%
24h SOL price chart. Source: Coincu.com

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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