Reliably hard to rely on: Solana cost dives after latest network outage

The Solana network isn’t getting a great year, getting endured full or partial outages a minimum of seven separate occasions in the last 12 several weeks.

An insect has knocked the Solana blockchain offline again as block production stopped at 16:55 UTC on Wednesday. This latest outage lasted around 4 . 5 hrs as validator operators were able to restart the mainnet around 21:00 UTC, based on the incident report.

Solana Labs co-founder Anatoly Yakovenko described what went down in a tweet:

“Durable nonce instruction caused area of the network to think about the block is invalid, no consensus might be created.”

“Durable transaction nonce” describes a mechanism addressing the normal short duration of a transaction block hash based on the official Solana documentation. An insect within the feature caused nodes to create different outputs leading to consensus failure, which ultimately caused the most recent duration of downtime.

The network was restarted with this particular feature disabled, and Yakovenko added that fixes for that bug “will be out As soon as possible.”

Naturally, there is a good quantity of backlash in the community with comments such as this filling its feed:

“Get it together Solana. You should be past this already. I’m big believer but I’m even doubting at this time.”

CNBC crypto trader and Onchain Capital Chief executive officer Ran Neuner simply quipped:

SOL prices have taken an enormous hit, tanking almost 14% in the last 12 hrs approximately inside a fall below $40, based on CoinGecko. The network’s native token has slumped 85% from the November 2021 all-time a lot of $260, which is poised to slide from the top ten by market capital.

SOL/USD 24 hrs. Source: CoinGecko

Solana, that has frequently been dubbed an “Ethereum killer,” continues to be fully or partly offline a minimum of seven occasions since September 2021, if this endured denial and services information attack-related outages two times within the same month, based on the network uptime tracker.

The blockchain was plagued with problems in The month of january if this endured service disruptions and degraded performance for nine days from the 31 within the month. Duplicate transactions were blamed for that second outage in The month of january. At the end of April and early May, Solana was lower again for nearly eight hrs because of nonfungible token minting bots overwhelming the network.

Related: Solana suffers 7 hour outage as bots attack the network

Furthermore, Solana’s blockchain clock is slow and running half an hour behind real-world time. The status page notes, “On-chain time is constantly on the run behind those of wall timepieces, because of longer-than-normal block occasions.”

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