Solana Suffers Another Major Outage

Solana Suffers Another Major Outage
  • The Solana network stopped processing and went off on Friday.
  • Solana’s “curse” was to blame for the network disruptions.
  • Solana is the 3rd largest Pos blockchain by market value.

The Solana network stopped processing transactions and went offline on Friday due to a misconfigured node, marking the blockchain’s fourth significant outage since January, when it had a succession of partial outages for most of that month.

They assert that it would increase the network’s scalability, but Solana is very centralized, and the network continues to have interruptions. Because of centralization, Solana’s infrastructure is still in need of improvement.

According to Yakovenko, since its launch in 2020, the Solana network has seen a number of network disruptions that have been caused by a variety of various congestion and spam incidents.

In an interview with Real Vision co-founder Raoul Pal on Friday, Yakovenko claimed that Solana’s “curse” was to blame for the network disruptions, but he also claimed that the network’s low-cost transactions were to blame.

“It’s been, I think, our curse, but there are enough people and apps pushing that because the network is so cheap and quick.”

Solana is a well-known blockchain for creating non-fungible tokens, or NFTs, and decentralized apps. It is one of a number of smart-contract blockchains touted as “Ethereum killers.” 

Solana has surpassed Cardano and Ethereum to become the third-largest proof-of-stake blockchain by market size since Ethereum switched to proof-of-stake on September 15 according to Coinmarketcap.

Since its debut in 2020, Solana has had at least seven network failures, five of which happened in 2022. In September 2021, one of the longest production stops lasted up to 17 hours.

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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

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