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On June 1, 2022, Solana Network stopped block production again as the blockchain network has stopped working many times during the life of the network.Solana’s status update states that validator operators have been asked to prepare for resumption.
Solana continues to be plagued by outages, and SOL’s downtime is denounced by the crypto community
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blockchain networkis down again as Solana (SOL)has had its network shut down by its development team, Twitter account Solana Status (@solanastatus) tweetedSolana Status (@solanastatus) tweeted. explaining that block production has stopped
“Solana Mainnet Beta block production has stopped, Validator operators please prepare to resume on Discord mb-validators,” he details his status.
Solana has now failed for the eighth time.
The network is currently down.
Trading of $14 billion in assets is still possible on a centralized exchange, which seems to be the primary use case for networks that always fail. https://t.co/ZKIVzTlhlQ
– Hector Lopez (@hlopez_) is June 1, 2022
Solana (SOL)network has suffered many outages and the Proof of Stake (PoS) blockchain has been down a total ofeighttimesand is estimated to be down Bitcoin.com News follows Solana’s many outages and comments from Solana co-founder Anatoly Yakovenko reported on the outages.
Yakovenko claimed last month that “if [bitcoin] doesn’t eventually switch to proof-of-stake, nobody is going to use it.” Following this statement, Solana’s blockchain lost consensus for more than seven hours; Bitcoin.com News also reported on the debate that surfaced following Solana’s mid-September outage and blockchain downtime.
Solana’s development team formally acknowledged some of the issues it was dealing with and how it “degraded performance.” The team blamed “high computation transactions, which reduced network capacity to thousands of transactions per second.”
Of course, with Solana down again, comments on social media and crypto-related forums have not been kind to the crypto project worth $14 billion.” Solana has now failed for the eighth time. The network is now down,” one individualtweeted.” Trading of $14 billion in assets is still possible on a centralized exchange, which seems to be the main use case for networks that always fail.” He added that.
Bitcoin advocate Dennis Porter wrote: “Solana just stopped. Bitcoin is unstoppable. Invest accordingly.” According toAccording to the Bitcoin Uptime Trackerthe Bitcoin network is functioning at 99.98742319836% of its lifetime.
“Solana’s diamond hands are great,” anothercriticizedon Wednesday afternoon.” 0NFT is mentioned in the last hour. You can’t say the same for any other chain except maybe Terra/LUNA,” added that individual.
It’s a shame Luna v1 failed, the UI was great
Ethereum fees are a bit high
Solana network is like the McDonald’s ice cream machine
– Romano (@RNR_0) is June 1, 2022・・・・・・.
whileEthereum, XRP88} Cardanoowner opined why he thinks his favorite token is much better than Solana. During the downtime, and at the time of writing,Solana (SOL)lost 9.9% of its value against the USD. Coinbase alsoreportedon Solana’s latest outage, noting that the exchange had to disable sending and receiving on its network.
What do you think about Solana stopping block production and the number of times the network has been down? Do you think blockchain uptime is important? Let us know what you think about this subject in the comments section below.
Image credits: Shutterstock, Pixabay, Wiki Commons
