The Solana network experienced a significant outage on Tuesday, causing a halt in block progression and performance degradation on its Mainnet-Beta. Core engineers and validators are actively investigating the issue, with plans to implement a new version for validators to upgrade. Validator operators are advised to prepare for an upgrade and restart of the network as the new software release includes a patch to address the issue that caused the cluster to halt. This disruption led to a decrease in Solana’s SOL tokens by over 2% to $94, and it follows a similar incident in April 2023 when the network was down for almost two days.
Despite the identified fix and plans for a new software release, the disruption resulted in a significant decrease in Solana’s SOL tokens, reflecting the impact of the outage on investor sentiment and confidence in the network’s reliability. Following the outage, validators have started generating snapshots using their local ledger state to prepare for a restart, emphasizing the importance of maintaining accurate and up-to-date blockchain data. This incident comes after a previous outage in April 2023, highlighting the need for ongoing maintenance and updates to ensure the stability and performance of the Solana network. As core engineers and validators work towards addressing the issue and implementing the necessary software updates, the network will be closely monitored for any further developments.
The halt in block progression and performance degradation on Solana’s Mainnet-Beta has prompted core engineers and network validator operators to take immediate action to investigate and address the issue. Validator operators are advised to prepare for an upgrade and restart of the network, as the new software release includes a patch to resolve the disruption. This incident has had a negative impact on Solana’s SOL tokens, demonstrating the market’s response to the outage and the network’s stability. The need for ongoing maintenance and updates has been highlighted, with efforts focused on resolving the issue and ensuring the stability and reliability of the Solana network.
