On Tuesday, there was a five-hour downtime on Solana, the low-latency blockchain that has witnessed a tremendous increase in activity in recent months.As long as the issue persisted, Solana’s SOL token fell from roughly $96 before it started to less than $94 now.More than the 1% decline in the CoinDesk 20 Index, which serves as a benchmark for the biggest cryptocurrencies, it was down 2.5% as of late.
According to blockchain statistics, transaction processing started up again approximately 15:00 UTC.According to statistics, they had halted at 09:52 UTC.After the Solana network went down for about two days in April 2023, the halt occurred over a year later.
“Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating,” Laine, a Solana validator, said in an X post when the problem was still going on. Core engineers said they identified a fix and were building a new version for validators to upgrade, network validator @mtromp said in an X post.
Laine stated in a follow-up article that validators have started creating snapshots in order to get ready for a restart using their local ledger state, or the most current data prior to the outage.According to the Solana Foundation, who looks after the network, the latest validator software release has a patch to fix a problem that led to the cluster coming to an abrupt stop.“Validator operators should prepare for an upgrade and restart of the network,” it said.Validators are organizations that use computer power to handle transactions and keep a blockchain up to date.A precise replica of blockchain data at a specific moment in time is referred to as a snapshot.