In June, the Solana blockchain had network downtime.
The outage was caused by issues with 5 NFT drops, according to Solana users. The network was prevented from evolving due to a bug, according to Solana. The Solana team, on the other hand, assured investors that their money was secure.
The team instructed validators to restart the network in order to solve the problem. The goal was for validators to follow strict protocols, including taking a photo of a specific time slot from which the network may be restarted.
What is happening with Solana?
In recent months, the Solana network has experienced up to three outages (or more), despite claiming to be a high-performance blockchain.
It went offline for seven hours in April before being restarted by validators.
According to the Solana Foundation, the Solana Mainnet Beta lost consensus after a large number of inbound transactions overwhelmed the network. To restart the network, a validator had to provide operators with the necessary instructions.
The same thing happened to the network last September, when it was down for 17 hours. “Intermittent instability,” according to the Solana Foundation, was what they were addressing. Solana Status announced in a short statement that validators were “getting ready for a potential restart if required.”
They soon clarified, however, that the network had been clogged with a surge in transaction volume, which reached 400,000 TPS. The high number of transactions clogged the transaction processing queue, causing the network to split.
Solana Status, on the other hand, was more opaque. It stated that the network was secure and that there had been no reports of TPS problems. And that validator operators were actively working to initialize a restart from the highest confirmed block.
The launch of Solana in 2020 facilitated the development of decentralized apps (DApps). To increase scalability, the blockchain combines proof-of-history (PoH) and proof-of-stake (PoS) consensus algorithms. Solana is home to several NFT marketplaces, including Magic Eden, Solanart, and SolSea. The site attracted interest from small and big investors before the frequent network outages.