The Solana community halted block manufacturing but once more on Wednesday. This is the ninth such Solana halt that occurred on the blockchain community.
A Solana standing update shared on Twitter said that validator operators are being requested to organize for a restart. The tweet on Solana halt stated,
“Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord.”
‘Prepare For A Restart’
In a subsequent replace shared by the staff, there have been a set of directions for mainnet beta validators. It stated,
“Mainnet Beta Validators: Please follow the restart instructions linked below, and upgrade 1.9.x to 1.9.28 – If you are on 1.10.x please upgrade to 1.10.23”
Ninth Time Outage
There have been a number of outages within the Solana community up to now. In September final yr, the community remained inactive for over 10 hours because the blockchain nodes went offline as a result of extreme reminiscence use.
Earlier this yr in January, Binance famous that the SOL community skilled congestion. This had resulted in lowered throughput of the community to a number of hundreds of transactions per second. The outage affected withdrawals on the alternate by way of the Solana community and led to failed transactions.
Despite all of the troubles within the latest previous, the community had fared pretty properly with respect to the NFT market. As per latest information from crypto analytics platform Messari, Solana’s NFT gross sales quantity took a significant leap. This resulted in it turning into the second-largest protocol by the top of the quarter, subsequent to Ethereum at first place.
The community outage led to a steep fall in Solana’s worth. As of writing, the coin is buying and selling at $40.59, down 11.24% within the final 24 hours, in line with CoinMarketCap. SOL’s present market cap stands at $13 billion and a rating of 9.
Meanwhile, crypto analysts have been fast to query the community’s repeated outages. They even raised questions on the decentralised nature of the network. An analyst that goes by the identify Nick on Twitter requested, “The Solana (SOL) network has been globally halted. How can we call this decentralized?”
The offered content material could embrace the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability to your private monetary loss.