According to reports on social media, encrypted forums, on-chain indicators, and Solana Status Twitter account, Solana’s blockchain has stalled. The Solana mainnet test version suffered 4 hours of downtime and was still down after a technical failure.
Solana’s web booth
Recently, solana (SOL) ranks among the top ten crypto assets by market capitalization, and today, SOL’s market capitalization ranks seventh. At the time of writing, the trading price of SOL was $159 per unit, which was down 2.8% last week.
On September 14th, there was an error in the agreement. At the time of writing, the chain has been stopped for a total of four hours so far because the interruption is still in progress. On Tuesday, Twitter account Lido Finance Tweet:
The tx overload causes OOM errors on most Solana nodes (including verification nodes). The network is stagnant, and the engineers and node operator communities in the team are working hard to find solutions. If necessary, the verifier is preparing for a possible restart.
Lido Finance also told its Twitter fans to follow the “Solana Status” Twitter account for more information. “Solana mainnet-beta is experiencing intermittent instability,” Solana Status account detailed In a fixed tweet. “This started about 45 minutes ago, and the engineer is investigating this issue.”
It is estimated that Solana block production may take some time
Some people say that the repair may take any time between 24 hours and 48 hours to solve the problem. “Because the transaction is filtered out, the submission fails, the validator needs to be upgraded and deployed…it will take about 24-48 hours to repair,” the Twitter account named “bruce.codes” explain.
In another tweet,’bruce.codes’ wrote, “Solana fixes [is] Deploying in v1.6.23. The Solana Status Twitter account was also added to the account’s initial interrupted tweet and said:
The exhaustion of network resources leads to denial of service, and engineers are working hard to find a solution. If necessary, the verifier is preparing for a possible restart.
Solana has now joined the list of networks that have stalled due to the inability to produce blocks. For example, as early as February 2020, the IOTA blockchain was down for more than 11 days. EOS blockchain also has problems in block production. Cardano has encountered problems with block production in the past, and Solana encountered problems with block production in December 2020.
In addition, although Solana recently managed to bring XRP down a notch, XRP once again managed to regain the sixth largest market value in the world. At the time of writing, XRP is more than $3 billion higher than the overall valuation of solana (SOL).
What do you think of the problems faced by the Solana blockchain on Tuesday? Please tell us your thoughts on this topic in the comments section below.
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