Solana continues to face serious technical difficulties despite increasing institutional adoption
One of the top Ethereum competitors, Solana, has suffered seven hours of downtime after the mainnet bet fell out of consensus, according to Austin FederaHead of Communications at Solana Labs.
The global validator community has already managed to bring the network back online, successfully completing a cluster restart at 3:00 PM UTC.
The “Ethereum Killer” suffered an outage due to a “huge” number of inbound transactions clogging the network. The network struggles to process a record-breaking 100 gigabits of data per second, a . According to twitter post,
Candy Machine, an app designed to mint non-fungible tokens, was the main culprit behind the long downtime. Some users criticized Solana for censoring NFT minting bots causing the network to go dark. However, Federa clarified that the foundation did not issue such directives, and that very few validators actually adopted such directives.
not a rare event
Solana emerged as one of the top Ethereum competitors in 2021 due to its high throughput and very low fees.
However, blockchain is plagued by technical bottlenecks. In January, the fledgling network suffered six outages, attracting ridicule from the wider cryptocurrency community.
Solana also saw a massive 18-hour drop in September, taking the market cap of the native SOL token to over $20 billion.
SOL Token is holding up relatively well this time despite another significant outage. It is down 5% over the past 24 hours, performing in line with other top “Ethereum killers” such as Terra (LUNA) and Avalanche (AVAX).