Cointelegraph Team
Cointelegraph
Solana has suffered its fifth outage of 2022, and the year is only five months old. A bug-related consensus failure was the culprit this time.
The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months.
A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1. This latest outage lasted around four and a half hours as validator operators managed to restart the mainnet at around 21:00 UTC, according to the incident report.
Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half hour outage after the network failed to reach consensus. Network operators an dapps will continue to restore client services over the next several hours.
— Solana Status (@SolanaStatus) June 1, 2022
Solana Labs co-founder Anatoly Yakovenko explained what happened in a tweet:
Durable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed.
‘Durable transaction nonce’ refers to a mechanism addressing the typical short lifetime of a transaction block hash according to the official Solana documentation. A bug in the feature caused nodes to generate different outputs resulting in consensus failure, which ultimately caused the latest period of downtime.
The network was restarted with this feature disabled, and Yakovenko added that fixes for the bug “will be out ASAP.”
Naturally, there was a fair amount of backlash from the community with comments like this filling up its feed:
Get it together Solana. We should be past this already. I’m big believer but I’m even doubting at this point.
CNBC crypto trader and Onchain Capital CEO Ran Neuner simply quipped:
BREAKING: SOLANA.
— Ran NeuNer (@cryptomanran) June 1, 2022
SOL prices have taken a massive hit tanking almost 14% over the past 12 hours or so in a fall below $40, according to CoinGecko. The network native token has now slumped 85% from its November 2021 all-time high of $260, and it is poised to slip out of the top ten by market ca.
SOL/USD 24hr - coingecko.com
Solana, which has often been dubbed an “Ethereum killer,” has been fully or partially offline at least seven times since September 2021, when it suffered denial of service attack-related outages twice in the same month, according to the network uptime tracker.
The blockchain was plagued with problems in January when it suffered service disruptions and degraded performance for nine days out of the 31 in the month. Duplicate transactions were blamed for the second outage in January. In late April and early May, Solana was down again for almost 8 hours due to NFT minting bots overwhelming the network.
Additionally, Solana's blockchain clock is slow and running 30 minutes behind real-world time. The status page notes "On-chain time continues to run behind that of wall clocks, due to longer-than-normal block times."
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Recommended Content
Editors’ Picks
Is Altcoin Season here as Bitcoin reaches a new all-time high?
Bitcoin reaches a new all-time high of $98,384 on Thursday, with altcoins following the suit. Reports highlight that the recent surge in altcoins was fueled by the victory of crypto-friendly candidate Donal Trump in the US presidential election.
Shanghai court confirms legal recognition of crypto ownership
A Shanghai court has confirmed that owning digital assets, including Bitcoin, is legal under Chinese law. Judge Sun Jie of the Shanghai Songjiang People’s Court shared this opinion through the WeChat account of the Shanghai High People’s Court.
BTC hits an all-time high above $97,850, inches away from the $100K mark
Bitcoin hit a new all-time high of $97,852 on Thursday, and the technical outlook suggests a possible continuation of the rally to $100,000. BTC futures have surged past the $100,000 price mark on Deribit, and Lookonchain data shows whales are accumulating.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.