Solana shuts down for hours after network reports processing setback
Popular blockchain network Solana fell into an “intermittently unstable” situation from around 20:50 on the 14th, according to the network’s Twitter account. The processing snag caused Solana to shut down for over 10 hours.
According to Solana’s blockchain explorer SolScan, a block was last processed 11 hours ago and hasn’t been updated since. Also, according to explorer Solana Beach, a block had been intermittently approved and failed, and appears to be in an unstable state.
The Solana foundation has now explained the setback in a Twitter update. The foundation wrote:
“Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused the network to start forking.
This forking led to excessive memory consumption, causing some nodes to go offline. Engineers across the ecosystem attempted to stabilize the network, but were unsuccessful.”
The foundation has announced that its validator community has elected to coordinate a restart of the network and is preparing a new release.
Solana Blockchain is one of the youngest blockchains in operation and recently gained attention after reaching record highs the previous week. according to data by coinmarketcap.com, Solana’s token SOL saw more than $50 million in inflows the previous week, a large figure compared to Bitcoin’s $200,000 inflow.
The post Solana shuts down for hours after network reports processing setback appeared first on Our Bitcoin News.
OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
