On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. The Solana status update states that validator operators have been asked to make preparations for restart.
Solana continues to be plagued by outages and SOL downtime denounced by Crypto Community
As the Solana blockchain network (SOL), has been stopped by its developers, it is now down once again. The Twitter account Solana Status is @solanastatus tweetedAbout the Wednesday incident at 12:56 PM (ET), the Solana status site also clarifies that block production was halted.
“Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the status details.
Solana is now in the 8th round of failure.
The network has been halted at the moment.
It is possible to trade the asset worth $14 billion on centralized exchanges. However, this seems like the principal use case for an inexorable network. https://t.co/ZKIVzTlhlQ
— Hector Lopez (@hlopez_) June 1, 2022
Numerous outages have plagued the Solana (SOL), network. estimatedThe total number of proof-of-stake blockchains has fallen to a whopping eight times. Bitcoin.com News has reported on a number of Solana’s outages and the one that followed Anatoly Yakovenko, the Solana co-founder’s commentary.
Yakovenko claimed last month that “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it.” After the statements, Solana’s blockchain lost consensus for over seven hours. Bitcoin.com News also reported on Solana’s mid-September outage and the debate that surfaced after the blockchain’s downtime.
Solana’s development team has formally acknowledged some of the issues it was dealing with and how it “degraded performance.” The team blamed “high compute transactions, which is reducing network capacity to several thousand transactions per second.”
The comments made on forums and social media about the Solana downfall haven’t been good for the cryptocurrency project that is worth $14 billion. “Solana has now failed for the 8th time. The network is currently halted,” one individual tweeted. “Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network,” the person added.
Dennis Porter advocates Bitcoin wrote: “Solana just stopped. Bitcoin can’t be stopped. Invest accordingly.” According to the Bitcoin Uptime Tracker, the Bitcoin network has been functional for 99.98742319836% of its lifetime.
“The diamond hands of Solana are amazing,” another person criticizedOn Wednesday afternoon. “0 NFTs have been listed in the last hour. You can’t say the same for any other chain except maybe Terra/LUNA,” the individual added.
Too bad Luna v1 failed, UI was amazing
Ethereum fees kinda expensive
Solana network works in the same way as McDonald’s ice cream machine.
— Romano (@RNR_0) June 1, 2022
Meanwhile, ethereum, XRPPlease see the following: cardanoMany owners shared reasons why their preferred tokens were better than Solana. Solana (SOL), which has been experiencing downtime since the beginning of the writing process, had lost 9.9% against the U.S. dollars. Coinbase reported on Solana’s latest outage and noted that the exchange had to disable send and receives on the network.
Do you agree with Solana stopping block production? How about the numerous times that the network has crashed? Are you a believer in blockchain uptime? Comment below and let us know how you feel about the subject.
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