January has been a tough month solana Because the coin faced a total of six blockages. This time Solana again faced downtime as the number of transactions increased due to network congestion by candy machine NFT bots.
Blockchains often have a problem with scaling because they are quite inept in handling the traffic that Web2.0 can handle without facing any major issues. Layer-1 Ethereum competitor Solana suffered this outage for 7 hours over the weekend.
As reported by Solana, the network received a staggering amount of transactions per second which was as high as 4 million per second. The Solana blockchain also received 100 gigabits of data per second, leading to network congestion.
Solana network stalled for seven hours
The network went down on Saturday at around 8:00 AM UTC, seven hours later at 3:00 AM UTC the validators were up and about to get back to work.
The NFT minting project for Solana, called Candy Machine, was faced with heavy traffic by bots, leading to a consensus mainnet crash as nodes belonging to validators failed to bear the load of transactions.
Verifiers are computers that verify transactions while maintaining the integrity of the blockchain. Yesterday morning these validators completed the cluster restart of the mainnet.
The official channel of Solana Team said,
“Verifier operators completed a cluster restart of Mainnet Beta at 3:00 AM UTC, after nearly 7 hours of failure for the network to reach consensus. Network operators and dapps will continue to restore client services over the next several hours.
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Solana fell by almost 7% due to power outage
Since bots were primarily responsible for network hoarding and outages, Metaplex tweeted Confirming that the traffic of their bots was also responsible for the accident.
Metaplex also said it would impose a 0.01 solana (SOL), or $0.89 fee, on the wallet to help complete invalid transactions. These transactions are usually completed by the bots themselves. This outage caused the coin to lose 7% of its market value as it was seen exchanging hands at $84.
The altcoin is currently priced at $88 after the network recovers. During the first and second weeks of January, the network of altcoins faced several problems, causing the network to crash for an entire 18 hours.
During the end of January 2022, a total of 30 hours of network downtime was reported during the third week of the month.
Overcrowded again due to excessive duplicate transactions
This constant problem of outages has caused considerable concern to the crypto community. The Solana community has been particularly affected by these disruptions.
Sikka has witnessed around 11 such incidents during the first quarter of 2022. Any outage on the coin’s blockchain network would damage transactions that were halted during such a crisis.
SOL is the second network that was negatively affected due to the increase in NFT-related transaction volume. Ethereum’s gas fee has increased due to the issuance of 55,000 NFTs by Yuga Labs.
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