SOL Drops 6% as Solana Suffered Another Network Outage

The Solana blockchain experienced another outage on Friday afternoon, but is back online after restarting.

The protocol’s native cryptocurrency fell 6% daily as a result of the latest network outage.

  • The Solana State Twitter Page reported last night about network issues when it stopped processing transactions.
  • Shortly after, Stakewiz, an entity operating a validator node in Solana, provided more details, saying that validators stopped voting at 22:41 UTC on September 30.
  • They also stated that the network outage was not a problem on the network itself and should be able to handle it.
  • Although not yet confirmed, it appears that the problem lies in the creation of a duplicate block, which led to an obscure code path where validators were unable to return to the master fork.
  • The solution came from restarting the cluster from the last confirmed slot: 153139220. Once the participation threshold reached 80%, the restart was completed and the network reconnected.
  • It’s worth noting that this isn’t the first time the Solana blockchain has gone down, although the developers behind it published three steps on how to avoid this a while back.
  • As in the previous examples, however, the network downgrade had a similar effect on the native cryptocurrency. SOL declined about 6% in the last 24 hours below $35.

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