Breaking News: Solana Blockchain is Down. What happened?

It seems Solana hit a snag on Tuesday, with what's being described as a "major outage" according to the network's system status page.

Prasanna Peshkar

Prasanna Peshkar

February 6, 2024 1:28 PM

Breaking News: Solana Blockchain is Down. What happened?

It seems Solana hit a snag on Tuesday, with what’s being described as a “major outage” according to the network’s system status page.

The message from Laine, a Solana validator, posted in an X thread, sheds some light on the situation: “Solana Mainnet-Beta is experiencing a performance degradation, block progression is currently halted, core engineers & validators are actively investigating.”

It’s like hitting a bump in the road for Solana, but it looks like the folks behind the scenes are on it, working hard to get things back on track. Let’s hope for a speedy resolution!

The Solana mainnet is experiencing downtime: Engineers to Deploy Fix

It looks like there’s some progress on the Solana front. According to a post by network validator @mtromp, core engineers have identified a fix and are working on building a new version for validators to upgrade.

In a follow-up post, Laine mentioned that validators have started generating snapshots using their local ledger state, which basically means they’re grabbing the most recent data before the outage to prepare for a restart.

The new software release for validators includes a patch to tackle the issue that caused the cluster to come to a halt, as noted by Solana Foundation, the organization overseeing the network. They’ve advised validator operators to gear up for an upgrade and restart of the network.

Now, a quick refresher – validators are the ones keeping the blockchain in check, using their computing power to process transactions. And those snapshots? They’re like freeze frames of the blockchain at a specific point in time.

According to data from Solana blockchain trackers, the last processed blocks were at 09:52 UTC. And as for SOL tokens, they took a bit of a dip, falling over 2% to $94 after the news broke.

This hiccup comes almost a year after the Solana network faced a similar situation back in February 2023. The last time the Solana network was down was on February 25, 2023 for less than 19 hours. Here’s hoping for a smoother road ahead for Solana!

So, Solana’s recent hiccup isn’t its first brush with trouble. Let’s rewind and take a look:

– Back in September 2021, there was a bit of chaos because of “resource exhaustion.” Basically, it caused a denial of service across the network. Not a fun time for Solana.

– Then, in January 2022, things got bogged down again. This time, it was because of a flood of “high compute transactions.” That threw a spanner in the works and made a lot of transactions stumble.

 It’s like facing a new challenge each time, but Solana’s shown it’s got some resilience.

It’s clear Solana’s journey hasn’t been all smooth sailing, but it’s also shown it can bounce back. Let’s hope for some smoother seas ahead for Solana and its crew.

Prasanna Peshkar
Article By

Prasanna Peshkar

Prasanna Peshkar is a seasoned writer and analyst specializing in cryptocurrency and blockchain technology. With a focus on delivering insightful commentary and analysis, Prasanna serves as a writer and analyst at CryptoTicker, assisting readers in navigating the complexities of the cryptocurrency market.

Latest articles on Cryptoticker

View All

Regular updates on Web3, NFTs, Bitcoin & Price forecasts.

Stay up to date with CryptoTicker.