Solana blockchain activity down 11%

Solana blockchain (SOL) was down for more than four hours yesterday due to a bug that suspended all blockchain production.

Figures dropped 11% as the company waited for validators to bring the network back online, which started at around 5pm ET.

Just before 1pm ET yesterday, posts were made by Solana on the official Solana Status page and company Twitter to report the issue.

Solana co-founder Anatoly Yakovenko tweeted: “Durable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed. Network is restating with the durable nonce feature disabled. Fix for durable nonces will be out asap.”

Validators worked together to restart the Solana network while disabling the durable nonce feature, Yakovenko added that the bug will be fixed in a future update.

Solana has become a popular platform for NFT collectibles, games, decentralized apps and decentralized finance (deFi) services, and is steadily rising to its competitor, Ethereum.

Because of the bug, Solana has taken a tumble to just above $40 over the last 24 hours, according to data from CoinMarketCap. This is its second bout of downtime over the past few months.

In September, the network was down nearly five times more than yesterday’s figures; around 18 hours after being overwhelmed by a new token launch where transactions were sent to a DeFi protocol which Solana Labs described as a “denial of service attack”.

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Source

Updated: 06/02/2022 — 09:00