Crypto News

Solana is Down For Hours: Validators Planning Network Restart

Solana mainnet has stopped processing transactions. The fashionable blockchain halted over 7 hours in the past. Meanwhile, Ethereum layer 2 resolution Arbitrum has skilled an outage.

Potential Restart Incoming

As tweeted by Solana Status, the Solana mainnet started experiencing “intermittent instability” a number of hours in the past, and builders are nonetheless attending to the underside of it.

The account adopted up two hours later, revealing that “resource exhaustion” was inflicting a denial of service on the community. According to Solana’s CEO, Anatoly Yakovenko, the outage has been caused by “Raydium IDO bots trying to snipe the tokens at launch.”

Apparently, the community validators are making ready for a “potential restart” if needed, although there is some confusion about what a “restart” would entail.

This comes after the community experienced “intermittent performance degradation” for about an hour at first of this month, earlier than shortly resolving the problem.

Meanwhile, Arbitrum, the layer 2 protocol designed to assist scale the Ethereum community, experienced an outage similtaneously Solana. Curiously, the Arbitrum workforce gave an replace later saying that the community has since been absolutely restored, but many on-line are reporting that it has already gone again down once more.

Despite Solana is experiencing outages, the worth of SOL hadn’t been a lot affected. At least on the time of writing these traces. Currently, the SOL worth is buying and selling amid the $150 space, after recording a every day excessive of $171 as the difficulty began, in keeping with Binance.

So far, SOL has blessed its holders, following an imaginary ROI of over 13,700% for the reason that starting of the year.


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