Solana ($SOL) community’s bullish momentum got here to an abrupt halt after the mainnet beta skilled a transaction glitch. The glitch led to very excessive transaction frequency as much as 400,000 transactions per second. These transactions flooded the transaction queue however the absence of prioritization of network-critical messaging led a to fork within the community which in flip consumed a ton of reminiscence on the community.
A number of nodes of the blockchain went offline resulting from extreme reminiscence use and the community remained inactive for greater than 10-hours. The developer group claimed they’ve been working to carry the community on-line as quickly as potential.
1/ Solana Mainnet Beta encountered a big improve in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging prompted the community to start out forking.
— Solana Standing (@SolanaStatus) September 14, 2021
The transaction bug on the peak of Solana’s bull run has dampened its probabilities of extending its bull run to new highs. Many even highlighted that the community was fairly centralized as somebody identified final week that it might take solely 20 validators to come back collectively and shut down the community.
OK, I spent a lot of in the present day in search of decentralization in @solana and I significantly cannot discover any.
20 validators might collude to close down the community proper now, in response to @solanabeach_io.
That is not unstoppable, that is not autonomous, that is not censorship-resistant. pic.twitter.com/kjeY0on5AP
— Chris Blec (@ChrisBlec) September 9, 2021
Solana ($SOL) Community Restarts
Solana ($SOL) turned the most important success story post-Could market crash because the altcoin managed to see an almost 7X improve in worth since August. $SOL entered worth discovery mode after breaching the $100 mark and defied all market traits to publish a brand new ATH of $215. The altcoin turned one of many fastest-growing ecosystems and joined the NFT frenzy with its Degenerate Ape NFTs. Nevertheless, the present mainent glitch that has stored the community offline for greater than 10-hours might carry doom to the progress and positive factors of Solana over the previous couple of months.
The builders have managed to patch the glitch and the community is up and operating once more. The standing replace famous that Dapps, block explorers, and the supporting system shall be again on-line inside few hours and full performance shall be restored.
The Solana validator group efficiently accomplished a restart of Mainnet Beta after an improve to 1.6.25. Dapps, block explorers, and supporting programs will recuperate over the subsequent a number of hours, at which level full performance ought to be restored.
— Solana Standing (@SolanaStatus) September 15, 2021
The worth of the altcoin additionally appears to be recovering because it rose above $160 and at present buying and selling at $164.3 after falling to a brand new every day low of $143.5.
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