Solana Stops Block Production, Verifiers Said to Prepare to Restart, Network Decentralization Criticized – News Bitcoin News

On June 1, 2022, the Solana network again stopped block production as the blockchain network stopped working several times during the life of the network. According to the Solana status update, validator operators are being asked to prepare for a reboot.

Solana Continues SOL Outage Due to Crypto Community Reported Outages

Blockchain network Solana (SOL) crashed again as it was stopped by the network development team. Twitter account Solana Status (@solanastatus) tweeted out About the incident that occurred at 12:56 p.m. ET on Wednesday, and the Solana status website also explains that block production has been halted.

“Block production has been discontinued in Solana Mainnet Beta. Validator operators should be prepared for reboot in mb-validators on Discord”, status details.

The Solana (SOL) network has been plagued by a series of outages and estimated Proof-of-stake (PoS) blockchain eight times. News reported on a series of outages from Solana and the outage that followed Anatoly Yakovenko’s (Solana co-founder) latest comment.

Yakovenko claimed last month: “If [Bitcoin] Eventually it doesn’t switch to Proof-of-Stake, no one uses it.” After the comments, Solana’s blockchain lost consensus for more than seven hours. News also revealed Solana’s outage in mid-September and the blockchain downtime. He also reported on the discussion.

Solana’s development team has formally acknowledged some of the issues it was dealing with and how it “degraded performance”. The team blamed “high-throughput operations that reduce network capacity to a few thousand transactions per second.”

Of course, when Solana fell again, comments on social media and crypto-related forums weren’t too kind to the $14 billion crypto project. “Solana has now failed for the 8th time. The network is currently stopped,” one person tweeted out. “It is still possible to trade $14 billion in assets on centralized exchanges, which appears to be the primary use case of a constantly failing network,” the person added.

Bitcoin defended Dennis Porter Wrote: “Solana just stopped. Bitcoin cannot be stopped. Invest accordingly.” According to Bitcoin Uptime Tracker, the Bitcoin network has been functional for 99.98742319836% of its life.

Another person said “Solana’s diamond hands are amazing” criticized Wednesday afternoon. “0 NFTs listed in the last hour. You cannot say the same for any chain other than Terra/LUNA,” he added.

Meanwhile, ethereum, XRPand cardamom holders have stated why they think their favorite token is so much better than Solana. In the midst of the downtime and at time of writing, the faded (SOL) tumbled 9.9% against the US dollar. also coin base reported He noted in Solana’s recent outage and that the exchange had to disable sending and receiving operations on the network.

Tags in this story

7 hour outage, Anatoly Yakovenko, Bitcoin, Block Issues, Block Generation, Block Validators, BTC, Cardano, cryptos, Mainnet outage, PoS, Proof of Stake, September Outage, SOL, SOL Issues, SOL price, Solana, Solana Apps , Solana blockchain, Solana consensus, Solana Mainnet, Solana Outage, Solana Status, Solana Status Twitter, Solana Uptime, Solana validators, Transactions, commerce, Transaction Issues, Transaction Spam, uptime

What do you think about Solana stopping block production and how many times the network has crashed? Do you think blockchain uptime is important? Let us know what you think about it in the comments section below.

Jamie Redman

Jamie Redman is a News Editor at News and a financial technology journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for News about the disruptive protocols that emerged today.

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