Solana Blockchain Faces Yet Another Outage
Share:
The Solana blockchain experienced a significant outage, halting all block production on its mainnet-beta since 10:22 UTC, February 6th. Engineers and validators across the Solana ecosystem are currently in a frantic race against time to resolve the issue that has temporarily brought the network to a standstill.
The outage was first acknowledged through an official communication by the Solana team, stating that all hands were on deck to investigate the root cause of the stop-in block advancement. The Solana Blockchain Explorer confirmed the severity of the situation by marking it as a “major outage.”
After Effects
This disruption has not gone unnoticed, with social media platforms buzzing about the inability of the blockchain to generate a block after 25 minutes, a significant delay considering Solana’s touted block creation time of just 400 milliseconds.
In response to the crisis, Stakewiz, a noted Solana validator, revealed that developers are hastily working on a fix. There is a concerted effort to prepare a version that addresses the outage, with further details to be shared upon readiness. Meanwhile, validators are taking proactive steps by creating snapshots of their local ledger state, gearing up for a network restart.
Validators have begun generating snapshots using their local ledger state to prepare for a restart. Core engineers are still preparing the release.
— Lainestakewiz.com (@laine_sa_) February 6, 2024
The ripple effects of the outage have extended to cryptocurrency exchanges, with Upbit announcing a temporary halt on the trading of Solana-based tokens, including *SOL*, GMT, RAY, and ACS.
Read More
South Korea’s Bold Crypto Crackdown: 20% Individual, 34% Corporate Exchange Ownership Caps Force Major Divestments
Aave Liquidations: The $27 Million Shock Triggered by a Safety Mechanism Flaw
Solana Blockchain Faces Yet Another Outage
Share:
The Solana blockchain experienced a significant outage, halting all block production on its mainnet-beta since 10:22 UTC, February 6th. Engineers and validators across the Solana ecosystem are currently in a frantic race against time to resolve the issue that has temporarily brought the network to a standstill.
The outage was first acknowledged through an official communication by the Solana team, stating that all hands were on deck to investigate the root cause of the stop-in block advancement. The Solana Blockchain Explorer confirmed the severity of the situation by marking it as a “major outage.”
After Effects
This disruption has not gone unnoticed, with social media platforms buzzing about the inability of the blockchain to generate a block after 25 minutes, a significant delay considering Solana’s touted block creation time of just 400 milliseconds.
In response to the crisis, Stakewiz, a noted Solana validator, revealed that developers are hastily working on a fix. There is a concerted effort to prepare a version that addresses the outage, with further details to be shared upon readiness. Meanwhile, validators are taking proactive steps by creating snapshots of their local ledger state, gearing up for a network restart.
Validators have begun generating snapshots using their local ledger state to prepare for a restart. Core engineers are still preparing the release.
— Laine
The ripple effects of the outage have extended to cryptocurrency exchanges, with Upbit announcing a temporary halt on the trading of Solana-based tokens, including *SOL*, GMT, RAY, and ACS.
Read More
South Korea’s Bold Crypto Crackdown: 20% Individual, 34% Corporate Exchange Ownership Caps Force Major Divestments