On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart.
Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community
The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET) and the Solana status website also explains that block production has been halted.
“Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the status details.
Solana has now failed for the 8th time.
The network is currently halted.
Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network. https://t.co/ZKIVzTlhlQ
— Hector Lopez (@hlopez_) June 1, 2022
The Solana (SOL) network has been plagued by a number of outages and its been estimated that the proof-of-stake (PoS) blockchain has been down a total of eight times. Bitcoin.com News has reported on a number of Solana’s outages and the one that followed Anatoly Yakovenko, the Solana co-founder’s commentary.
Yakovenko claimed last month that “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it.” After the statements, Solana’s blockchain lost consensus for over seven hours. Bitcoin.com News also reported on Solana’s mid-September outage and the debate that surfaced after the blockchain’s downtime.
Solana’s development team has formally acknowledged some of the issues it was dealing with and how it “degraded performance.” The team blamed “high compute transactions, which is reducing network capacity to several thousand…
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