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Solana block production stalls for hours, SOL holders unable to transact, validators deploy a fix – Bitcoin News

According to reports on social media, the Crypto Forum, Onchain Metrics and Solana Status Twitter account indicate that Solana’s blockchain has come to a halt. Solana mainnet-beta suffered four hours of downtime and is still closed after a technical glitch.

Network stalls of Solana

In recent times, Solana (SOL) has joined the top ten crypto assets by market valuation and today, SOL’s market cap position is the seventh largest. At the time of writing, SOL is exchanging hands for $159 per unit and is down 2.8% over the past week.

On 14 September, an error was encountered in the protocol and, at the time of writing, the series has now stalled for a total of four hours, as the outage is still ongoing. Twitter account Lido Finance on Tuesday tweeted:

A tx overload has caused an OOM error in most Solana nodes, including the validation nodes. The network is down, engineers in the team and the node operator community are working towards a solution. Verifiers are preparing for a possible restart, if necessary.

Lido Finance also asked its Twitter followers to follow the ‘Solana Status’ Twitter account for more information. “Solana mainnet-beta is experiencing intermittent volatility,” Solana Status Account Detailed In a pinned tweet. “It started about 45 minutes ago, and engineers are investigating the issue.”

Estimates say production of Solana block may take some time

Some have said that it can take anywhere from 24 hours to 48 hours for problems to be fixed. “Transactions are being filtered, and failing that, and validators need to be upgraded and deployed… will take approximately 24-48 hours to fix,” said Twitter account ‘bruce.codes’ . Explained.

in another Tweet, ‘bruce.codes’ wrote that a “solana fix [is] v1.6.23.” The Solana Status Twitter account also added to the account’s initial outage tweet, saying:

Lack of resources in the network is causing denial of service, engineers are working towards a solution. Verifiers are preparing for a possible restart, if necessary.

Solana now joins the list of networks that have stalled for failing to generate a block. For example, in February 2020, the IOTA blockchain was closed for more than 11 days. The EOS blockchain also has problems with block production. Cardano had problems with block production in the past and Solana had problems with block production in December 2020.

Furthermore, while Solana has managed to drop XRP down a notch in recent days, XRP has once again managed to achieve the sixth largest market capitalization worldwide. At the time of writing, XRP is a touch over $3 billion from Solana’s (SOL) overall valuation.

What do you think about the problems Solana Blockchain is facing on Tuesday? Let us know what you think about this topic in the comment section below.

Tags in this story

block issue, block production, bruce.codes, cardano, coin market cap, crypto, eos, iota, phantom wallet issues, sol, sol issues, sol price, solana, solana apps, solana blockchain, solana status, solana status twitter, tether , trade, trading, trading pairs, transaction issues, twitter, USDT, volume, XRP

image credit: Shutterstock, Pixabay, WikiCommons, Twitter,

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