Another Outage Of Solana Has Happened

Posted by Somendra Kumar on March 1st, 2023

The cause of a network-wide failure over the weekend is still unknown, according to Solana developers, who also stated that investigations are still underway. The Solana Mainnet Beta had a severe performance reduction at around 05:46:16 UTC on February 25, 2023. That ultimately encouraged the validator community to choose a network restart. Investigations are ongoing, and the cause is yet unknown. Validators and developers informed over the weekend that the issues, which began as delayed transaction processing, escalated into an almost full suspension of activity on Solana. To get more details on the outage of Solana, reach Cryptoknowmics. Explore the best wallets for Solana. 

Are There Concerns?

Get details on the Phantom wallet icon. During the downtime, users were unable to transfer any tokens or complete any transactions, but as the network's validators restarted, transactions started to happen again, although extremely slowly. Even the best wallet for Solana NFT was unusable at that time. On Saturday night, Solana's native tokens (SOL) dropped from .50 to a little over before recovering all of their losses on Sunday and Monday. Anatoly Yakovenko, a co-founder of Solana Labs, disputed ideas that the network outage was mostly caused by increased network voting in tweets on Monday night. Votes are physically handled as transactions since there is no better method to do it, not merely tallied as activities. While trading, implement the best wallet for SOL. Get details on them from Cryptoknowmics.