Solana production stalled for hours, SOL owners cannot transact, Validators deploy fix
According to reports on social media, crypto forums, onchain metrics and Solana Status's Twitter account indicates that Solana's blockchain is at a standstill. Solana mainnet-beta suffered a four hour downtime and is still down after a technical glitch.
** Note of the editor: at 3:30 p.m. (EST) on September 14, 2021, this post was updated with a statement written by the target Solana Status Twitter account. At the time of the update, the problems of Solana still persistent and the community is working on a fix.
Stalls from the Solana network
Lately, solana (SOL) joined the top ten crypto assets by market valuation and today SOL's market cap position is the seventh largest . At the time of writing, SOL was trading hands for $ 159 per unit and was down 2.8% over the past week.
The 14th September, the protocol underwent aerror and at the time of writing the channel has stopped for a total of four hours so far because the outage is Tuesday, the Lido Finance Twitter account tweeted :
Lido Finance also declared its Twitter followers follow the "Solana Status" Twitter account for more information. "Solana mainnet-beta is experiencing intermittent instability", the Solana Status account detailed in a pinned Tweet. "It started about 45 minutes ago, and the engineers are investigating the problem.
Solana applications like explorer.solana.com displayed error messages such as: "There was a problem loading cluster statistics" and lPopular SOL wallets like Phantom have had connection issues.
Estimates indicate that the production of the Solana block could take some time
Some have said that the fix can take anywhere from 24 hours to 48 hours to resolve the issues. "With filtered transactions and validation failures, and validators need to upgrade and deploy ... It will take about 24-48 hours to fix," the Twitter account called "bruce.codes explained .
In another tweet , 'bruce.codes ' wrote that a "Solana patch [is] deployed in v1.6.23. " The Solana Status Twitter account was also added to the account's initial outage tweet and said:
Solanhas now joined the list of networks that have stalled by not producing blocks. For example, in February 2020, the IOTA blockchain was down for more than 11 days . The EOS the blockchain had problems with blocking production too. Cardano had problems with the production of blocks in the past and Solana had pr problems with the production of blocks in December 2020.
In addition, while Solana has managed to take XRP down a notch lately, XRP once further succeeded in reclaiming the sixth largest global market cap. At the time of writing, XRP is just over $ 3 billion ahead of solana (SOL) .
** At approximately 3:12 p.m. (EST) the Twitter account called Solana Status tweeted about the ongoing issue an hour after this article was posted. “The beta version of Solana Mainnet encountered a sharp increase in transaction load which peaked at 400,000 TPS ", target Solana Status tweeted . " These transactions flooded the transaction processing queue , and the lack of prioritization of critical messages for the network caused the start of the network bifurcation. "
The Twitter account added:
What do you think any issues that the Solana blockchain faced on Tuesday? Let us know what you think about this in the comments section below.