The Solana Network experienced another network outage for 48 hours before the issue was resolved.
There has been a downward trend throughout the entire crypto market for the last week. However, Solana also has to deal with another problem in addition to investor sentiment. The network experienced another downtime.
The Solana network has encountered numerous issues in recent months. However, the weekend incident is the second in January. The difference between this failure and earlier ones is that the problems lasted approximately 48 hours this time.
Solana initially observed the issue at 00:00 UTC on Friday, January 21, 2022. At the time, the group wrote:
The mainnet-beta cluster is experiencing some performance issues, which we are looking into right now.
It took up to 24 hours before the cause of the failure could be identified.
According to a brief notice on the Solana Status website, the issue was caused by “many duplicate transactions” done by bots.
The issue was resolved on Sunday at around 16:19 UTC following the release and adoption of version v1.8.14, which was aimed to “mitigate the problem’s worst impacts.” Additionally, the team stated:
These forthcoming updates are intended to improve the network’s condition, and additional enhancements are anticipated during the next 8-12 weeks. These features are now operational on the testnet, where they are subjected to intensive testing.
Solana is a blockchain project that is meant to provide an alternative to the Ethereum network. It’s a decentralized, peer-to-peer network that includes both sidechains and mainnet.
Following Solan’s issues, skeptics of the project had another opportunity to mock the “Ethereum killer.” Mark Jeffery of HarperCollins feels the network no longer has a chance to take over a larger share of the market than Ethereum.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.