Solana developers reported on Monday that the cause of a network-wide outage over the weekend is still unknown and under investigation. The outage occurred at 05:46:16 UTC 2023-02-25 and led the validator community to opt for a restart of the network. The developers stated that the root cause is still unknown and under active investigation. They are continuing to investigate the cause of the outage and are working to ensure that similar issues do not occur in the future.
Solana, a blockchain network, experienced a near complete shutdown of activity over the weekend due to sluggish transaction processing. During the outage period, users were unable to move any tokens or conduct any transactions. Market reaction to the halt remained relatively timid, with Solana’s native tokens (SOL) falling slightly before erasing all losses. Solana Labs co-founder Anatoly Yakovenko dismissed theories of increased network voting as a major cause behind the network outage, noting that if there was a cheaper way to get votes to all the nodes in the network, then user transactions would also take the cheaper path.
Solana Developers are still investigating the cause of the outage, which occurred at 05:46:16 UTC 2023-02-25. The validator community opted for a restart of the network, but the root cause is still unknown. Developers are actively investigating the issue and will provide updates as they become available. In the meantime, the Solana community is encouraged to remain patient as the team works to identify the cause of the outage.
Solana suffered a significant performance degradation on February 25th, 2023, leading to a near complete shutdown of activity. The root cause of the issue is still unknown and under active investigation. During the outage, users were unable to move any tokens or conduct any transactions. After a restart by the network’s validators, transactions began to occur again, albeit very slowly. The market reaction to the halt was relatively timid, with Solana’s native tokens (SOL) falling from $23.50 to just over $21 on Saturday night, before erasing all losses from Sunday to Monday. Developers are still investigating the cause of the issue, and are working to ensure that similar issues do not occur in the future.
Solana Labs co-founder Anatoly Yakovenko has dismissed theories that increased network voting caused the recent network outage on the Solana blockchain. Yakovenko argued that if there was a cheaper way to get votes to all the nodes in the network, then user transactions would also take the cheaper path. Over the weekend, users of the Solana blockchain were unable to move any tokens or conduct any transactions due to the outage. After a restart by the network’s validators, transactions were able to occur again, albeit very slowly.
Solana Labs, the company behind the Solana blockchain, experienced a network outage on Saturday night, causing the company to halt all transactions. Despite the halt, the native token (SOL) only experienced a minor dip in price, erasing all losses by Monday. Co-founder Anatoly Yakovenko dismissed theories of increased network voting as the cause of the outage, stating that if there was a cheaper way to get votes to all the nodes in the network, then user transactions would also take the cheaper path. The cause of the outage is still unknown, but the Solana team is working to resolve the issue and restore the network.
