Reports on social media, crypto forums, onchain metrics, and the Solana Status Twitter account suggest that Solana’s blockchain has stalled. Solana Mainnet Beta suffered a four hour downtime and is still down after a technical error.
Solanas network booths
Most recently, solana (SOL) was among the top ten crypto assets by market valuation and today SOL’s market capitalization is the seventh largest. At the time of writing, SOL traded hands for $ 159 per unit and is down 2.8% over the past week.
@phantom I’m locked out of my Solana. It says “Cannot Connect to Solana” and no help on your website that makes sense to someone unfamiliar with advanced coding. I shouldn’t have to reconfigure my computer to access my Solana
– MattyG (@Mattygxrp) September 14, 2021
On September 14th, the log suffered an error and at the time of writing the chain has been broken for a total of four hours as the failure is still ongoing. On Tuesday, the Twitter account Lido Finance tweeted:
TX overload caused an OOM error on most Solana nodes, including validation nodes. The network has stalled, engineers in the team and the node operator community are working on a solution. Validators prepare for a possible restart if necessary.
Lido Finance also asked its Twitter followers to follow the “Solana Status” Twitter account for more information. “Solana mainnet beta experiences temporary instability,” the Solana status account is described in a pinned tweet. “This started about 45 minutes ago and engineers are investigating the problem.”
It is estimated that Solana blocks could take a while to produce
Some have said that it could take anywhere from 24 to 48 hours to fix the issues. “If transactions are filtered out, commits fail and validators need to be updated and provided … the resolution will take about 24-48 hours,” explained the Twitter account “bruce.codes”.
The last block on Solana was produced almost 40 minutes ago. Not fantastic pic.twitter.com/yLXjYdSx9L
– Larry Cermak (@lawmaster) September 14, 2021
In another tweet, ‘bruce.codes’ wrote that a “Solana fix” [is] will be made available in v1.6.23. “The Solana Status Twitter account was also added to the account’s initial outage tweet, saying:
The exhaustion of resources in the network leads to a denial of service and engineers are working on a solution. Validators prepare for a possible restart if necessary.
Solana is now joining the list of networks that have stalled because they failed to produce blocks. In February 2020, for example, the IOTA blockchain was down for more than 11 days. The EOS blockchain also had problems with block production. Cardano has had block production issues in the past and Solana had block production issues in December 2020.
While Solana has recently managed to take XRP down one notch, XRP has once again managed to recapture the sixth largest market capitalization in the world. At the time of writing, XRP is just over $ 3 billion ahead of solana (SOL) overall valuation.
What do you think of the problems the Solana blockchain faced on Tuesday? Let us know what you think on this matter in the comments below.
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