Five hours after a Solana outage, the Layer-1 network has now <\/span>resumed<\/span><\/a> block production.<\/span><\/p>\n A recently published update confirmed that the Solana outage which began at 09:53 UTC and lasted for 5 hours has finally been fixed. Consequently, block production on the beta mainnet has resumed as before. Notably, the resumption was possible as a result of a successful upgrade to version 1.17.20 and a restart of the cluster by validator operators.<\/span><\/p>\n <\/p>\n Even with the Solana outage out of the way, the engineers in charge of the mainnet will keep monitoring the performance of the system. Additionally, the root cause report will be made available as soon as core contributors are done with their compilation.\u00a0<\/span><\/p>\n The Solana ecosystem suffered a serious performance degradation earlier today with similarities to the previous attacks on the protocol. There have been other attacks on the Solana ecosystem since the beginning of this year but this happened to be the first major disruption that will halt activities across the board.<\/span><\/p>\n Some experts attributed the Solana outage and others that have happened before now, to the <\/span>design of the system<\/span><\/a>. For context, Solana consensus are basically handled on-chain, meaning that all validator\u2019s communication happens on chain just like a transaction.<\/span><\/p>\n <\/p>\n <\/p>\n This triggers a massive rise in transaction volume as well as TPS and then the Solana outage.\u00a0<\/span><\/p>\n Unfortunately, the incident led to an interruption in Solana\u2019s services. Prominent cryptocurrency exchange Upbit <\/span>temporarily suspended<\/span><\/a> the deposits and withdrawals for SOL, GMT, RAY, and ACS tokens.<\/span><\/p>\n According to Upbit, SOL staking services would not be restored until normal network operations are restored. This\u00a0move\u00a0aims to ensure stable deposit and withdrawal services for users amidst the network\u2019s performance degradation.\u00a0<\/span><\/p>\n <\/p>\n Similarly, Cardano founder Charles Hoskinson also <\/span>mocked the Solana network<\/span><\/a> in the wake of the outage, underscoring the ongoing rivalry between the two networks.\u00a0<\/span><\/p>\n SOL suffered a slight price plunge due to the Solana outage but with the system back on, the coin is likely to regain its bullish pace moving forward. At the time of this writing, SOL was trading at $95.53 with a 0.49% drop in value within the last 24 hours.<\/span><\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n <\/p>\n Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on Twitter<\/a>, Linkedin<\/a> <\/p><\/div>\n<\/p><\/div>\nSolana Outage Fixed<\/strong><\/h2>\n
Fate of Solana After the Network Slump<\/strong><\/h2>\n
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