Solana

Thursday, June 2, 2022 Edit

The Solana blockchain is back up and running after a software glitch caused an outage of more than four hours the latest in a series of shutdowns of the network in. 1 day agoSolana suffered its latest outage Wednesday felled for over four hours by a bug in how the blockchain processes a niche type of transaction thats designed for offline use-cases.

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1 day agoSolana is a network known for its scalability.

. The outage at the beginning of the month lasted roughly seven hours and the one at the end of the month lasted about four. At least four other incidents preceded todays outage including a 47-hour outage in January 2022 at least two incidents in December 2021 and at least one incident in September. Solana is able to achieve an estimated 50000 transactions per second with transaction costs less than 001.

SOL began 2022 trading at 173 but has since recorded a year-to-date YTD drop of about 77 trading at 39 by press time. Solana has been the subject of frequent outages and congestion incidents. Of course this would make Solana one of the.

19 hours agoSolana SOL the smart contract functionality blockchain also dubbed as Ethereum killer has extended losses in 2022 with the network experiencing recurrent outages in recent months. The Solana Foundation issued a press release to clarify that her choice of the platform was not officially part of any Solana-led initiative The Solana blockchain again went offline on May 1st 2022 and May 31st 2022. 1 day agoThe outage is the second in a month for Solana which often promotes itself as a high-performance network meant to complete speedy transactions and rival the Ethereum network.

Investors who had been focused largely on ethereum began diversifying into Solana and other. Indeed developers assert that theoretically Solana could handle up to 65000 transactions per second. 1 day agoSolana fell more than 12 on Wednesday as the blockchain suffered its second outage in the last month.

This latest fall is a. The most recent issue occurred on Apr. Solana is a Proof of Stake L1 blockchain that uses novel blockchain innovations like Proof of History and Sealevel to process smart contract transactions in parallel with 400ms block times.

30 when NFT minting bots flooded the network with transactions. 13 hours agoOver the past 24 hours the Solana SOL coin has fallen from 4555 to 3836 across cryptocurrency exchanges which represents a 16 decline according to CoinMarketCap.

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