Cardano Founder Has Got A Solution For Solana Network’s Outage

Bitcoinethereumnews 2 months ago Report
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Solana’s mainnet sparked a social media firestorm yesterday before pausing for a second time in such a short time. In response to a tweet about Solana’s collapse, Charles Hoskinson, the founder of Cardano, couldn’t stay away and proposed to its developers a video on how to restore ancient video games.

When asked if he believes excessive ignorance may play a nasty trick over him like it did on Do Kwon and Luna. The Cardano creator responded that nothing is absolutely safe, and that everyone has troubles at times.

Why Did The Solana Network Halt

The delay on the Solana Mainnet Beta lasted roughly four and a half hours, after which validators were able to restore service to the main network.

Anatoly Yakovenko, a co-founder of Solana Labs, clarified that there was a flaw in the part of the network that made the block invalid, preventing consensus. This flaw caused nodes to provide different results, resulting in a consensus breakdown and the network’s final shutdown.

This feature has been deactivated and the network has been resumed. Bug patches “will be issued as quickly as feasible,” according to Yakovenko.

Solana’s statements, on the other hand, were even less reliable than its network. The SOL price dropped 12.5 percent as a result of the breakdown, settling at around $40 per token. As a result, SOL is now trading at last August’s pricing, wiping out all of the previous year’s gains.

Not The First Outage

The Solana network has already experienced many disruptions. The network was offline for nearly 10 hours in September of last year when the blockchain nodes went offline owing to high memory use.

Binance reported congestion on the SOL network in January 2022. As a result, the network’s throughput dropped to tens of thousands of transactions per second.

However, cryptocurrency experts have questioned the network’s frequent failures. They even highlighted concerns about the network’s decentralized character.

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