The Solana Mainnet-Beta is currently experiencing a significant downtime in block production, with core engineers and validators actively investigating the issue. This disruption has raised concerns within the crypto community, as Solana is known for its high-speed block production.
Users on social media have noticed that the Solana blockchain has not produced a block for over 25 minutes, which is unusual given Solana’s typically rapid block production time of 400 milliseconds.
Solana validator stakewiz has reported that developers are working on a release containing a remediation solution. Once this solution has been built and tested, further instructions will be provided to validators. Additionally, validators have begun generating snapshots using their local ledger state to prepare for a network restart, while core engineers are still in the process of preparing the release.
The ongoing Solana network outage has already had repercussions on cryptocurrency exchanges. For example, Upbit announced the suspension of deposits and withdrawals for Solana-based tokens such as SOL, GMT, RAY, and ACS due to the interruption in Solana’s block production.
This is not the first time that the Solana blockchain has faced network outages or downtime in block production. In fact, this latest incident marks the 11th such occurrence in the past two years.
Solana blockchain was launched in March 2020 with a focus on providing scalable solutions for the decentralized ecosystem, aiming to rival Ethereum with faster transaction processing times and lower transaction fees. The network gained prominence during the 2021 bull cycle due to increased adoption and rising token prices.
Despite its growth and popularity during the bull market, Solana has grappled with persistent network-related issues. Developers have had to initiate network restarts on multiple occasions in the past, highlighting the challenges faced by the blockchain network in maintaining uninterrupted operations.
The current Solana network outage underscores the ongoing challenges and interruptions faced by the blockchain, despite its potential for scalability and rapid transaction processing. The crypto community will closely monitor the situation as core engineers and validators work to resolve the issue and prevent future disruptions.
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