Key Points:
According to the official report released by Solana, the outage was possibly caused by a software bug triggered by a large influx of transactions. The bug caused the network to split into two conflicting chains, each with a different transaction history. The network’s validators were unable to reach a consensus on which chain was the correct one, leading to the network’s halt.
Solana’s engineering team quickly diagnosed and fixed the issue by rolling back the network to a previous block height. The team was then able to re-sync the network and restart it successfully. As of the time of writing, the Solana network is fully operational and stable.
Despite the outage, Solana’s network has maintained its impressive uptime record of over 99.9% since its inception. The network has processed billions of transactions to date, with an average transaction time of under one second and a peak throughput of 65,000 transactions per second, per the Coinbase blog spot.
In response to the outage, Solana’s engineering team thoroughly reviews the incident to identify and address any vulnerabilities. The team is also implementing measures to improve the network’s resilience and prevent similar incidents from occurring in the future.
The community has responded positively to the incident, with many praising the team’s quick and effective response to the outage. The incident has also highlighted the importance of rigorous testing and continuous improvement in the development of blockchain technology.
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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