The Solana Blockchain Goes Down Again for 4 Hours

The Solana Blockchain Goes Down Again for 4 Hours

June 2, 2022 Off By Roland G

The SOL price dropped by 11% on June 2, as the Solana network dealt with another downtime that forced it to roll back and restart with a validator.

Solana Blockchain | Source: Greenhouse

The blockchain platform Solana was down for more than 4 hours this afternoon due to an error that stopped the production of the blockchain. 

The official Solana status page and Twitter account reported the issue shortly after it occurred. The report said that validators restarted the network at around 5 p.m. to bring it back online. 

According to information shared on Twitter by Solana co-founder Anatoly Yakovenko and other developers, the problem was due to a bug in the blockchain’s persistent nonce feature. 

“We couldn’t reach a consensus,” Jacobenko said, tweeting that the issue “has caused some parts of the network to consider the ban invalid.”

Validators worked together to disable the persistent nonce feature and restart the Solana network, and Yakovenko added that this bug will be fixed in a future update. Overall, the Solana status page reports that the network has been down for 4 hours and 10 minutes. At the time of this writing, some Solana RPC nodes are still online.

For instance, Solana claims to be Ethereum’s competitor. The blockchain has become a popular platform for NFT collectibles, decentralized apps (DApps) and games, and decentralized finance (DeFi) services. 

Furthermore, the SOL token surged last year but has cooled in recent months, along with many of the other crypto markets. According to CoinMarketCap data, Solana is now down 11% over the last 24 hours, just above $40. That’s 84% ​​down from the $260 peak last November.