The Solana Network Suffered an Outage, Again

02.06.2022 10:45
by Maksym Prykhodko
1 min read

The Solana platform experienced downtime for four hours yesterday. This is the fifth time that Solana was outed this year, and the seventh time in the past 12 months.

Two of the largest outages happened this April and in September last year. Solana then suffered from a Denial-of-Service Attack and was overwhelmed by NFT minting bots, respectively.

This time, the outage happened due to a bug related to the durable nonce feature. Part of the protocol wrongfully considered the block to be invalid, so the consensus mechanism wasn’t functioning properly. Solana is now up and running, but the durable nonce feature will be disabled until an update sometime in the future.

Solana is seen as a respectable Ethereum competitor, being a popular network for DeFi services and NFT. However, in comparison to SOL’s (Solana’s coin) highest value from November 2021, which was $260, Solana’s current value is 84% lower, amounting to just above $40.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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