Solana PoS Blockchain Network Faces Outage For The Seventh Time
January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept […]
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The proof-of-stake (PoS) blockchain network Solana suffered another outage on September 30 and the network restart did not take effect until six hours later on October 1. Solana has suffered a myriad of network outages during the last year, and the blockchain’s latest downtime caused the network’s native currency to slide 4% lower against the U.S. dollar in the last 24 hours. Solana’s Blockchain Deals With More Downtime — Misconfigured Node Blamed for the Outage Solana’s network had an outage again after validators failed to process blocks due to a....
The Solana network seems to be battling persistent outages while seeking to address the industry’s blockchain trilemma. Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature, it has also encountered a few unique problems.From resource exhaustion to a halt in block confirmation, the Solana network has suffered a number of setbacks that resulted in repeated power outages, causing the network to shut down for hours on several occasions.The network went down on....
Solana’s outages could be interpreted as mere hiccups in a new blockchain, but some suggest there’s cause for concern. Solana is a highly scalable decentralized blockchain developed with a unique method of ordering transactions that significantly improves its transaction throughput, to the point that it has consistently been processing over 2,500 transactions per second. It claims to be able to process 50,000 transactions per second.The power of Solana’s cheap transactions is felt when it’s time to pay transaction fees, with users being able to move funds on the network for a fraction of a....
Solana has suffered its fifth outage of 2022, and the year is only five months old. A bug-related consensus failure was the culprit this time. The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months.A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1. This latest outage lasted around four and a half hours as validator operators managed to restart the mainnet at around 21:00 UTC, according to the incident report.Validator operators successfully completed a....
While some piled on the layer-one blockchain for its network hiccup, others offered support. Yesterday, a nearly six hour network outage from Solana, a layer-one blockchain known for its high throughput, drew both jeers and support from traders and developers across the smart contract space. “At approximately 1:46pm UTC on December 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed,” a live update blog post from Solana reported. The outage lasted roughly five and a half hours before over 200....