Problem occurred in Solana
Solana’s blockchain temporarily stopped operating at around 18:53 Japan time on the 6th.
The validator’s software was then upgraded and block generation resumed at 11:57 p.m. This time, the outage was for approximately five hours, and the company plans to release a report summarizing the root cause as soon as it is completed.
What is a validator?
A node that verifies the validity of data recorded on the blockchain. You can receive compensation in virtual currency as compensation for contributing to the operation of the network.
▶️Virtual currency glossary
The above information is stated in the “Solana Status” X account and incident report. The Solana Status X account first announced yesterday at 7:24 pm that it was investigating the network.
Solana’s blockchain has experienced processing delays or outages in the past. This is the first time in about a year that a failure has occurred. The impact of the outage has also spread to Japanese exchanges.
We are currently temporarily suspending the acceptance of SOL deposits and deliveries.
We will notify you again regarding reopening.We apologize for any inconvenience this may cause and ask for your understanding and understanding. https://t.co/2AsTeWhdKz
— GMO Coin[Official](@gmo_coin) February 6, 2024
connection:Bitcoin rebounds to $23,500 level, Solana recovers from large-scale failure
Last month, Solana’s major DEX aggregator Jupiter Exchange conducted a large-scale airdrop of the meme coin WEN, but the network was stable at the time.
connection: First large-scale airdrop “$WEN” on Jupiter Exchange, price soared 566%, Solana network operating normally
About the cause
The cause of the outage is still under investigation, but Matthew Sigel, head of digital asset research at U.S. asset management firm VanEck, believes there was a bug in a previous upgrade.This bug was discovered on the testnet, but since it was a test, a solution was developed but not implemented.explanationdid.
Specifically, it was pointed out that the failure occurred in a mechanism called “BPF Loader” that deploys upgrades and runs programs in Solana. He said someone may have manually triggered a bug that caused the network to go down.
According to data from CoinGecko, immediately after the block was suspended, Solana’s price fell by approximately 2.7% from 14,281 yen to 13,888 yen. However, it has since started to rise, and at the time of writing this article, it is hovering around 14,300 yen.
connection:What is the virtual currency Solana (SOL)? Key points and future prospects
