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Solana network restarts after major outage

Solana network restarts after major outage

The Solana validator community successfully completed the restart of the Mainnet Beta. No new blocks had been produced for more than sixteen hours.

“Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored,” wrote the developers.

The restart occurred after updating the node software to version 1.6.25.

On September 14, around 16:00 (MSK), the Solana blockchain stopped producing blocks. Founder Anatoly Yakovenko said that resources were exhausted as a result of a spam-transaction attack.

“The Solana network faced a sharp increase in transaction load, peaking at 400,000 TPS. These transactions overwhelmed the processing queue, and the lack of prioritization of network-critical messages led to the network starting to fork,” the developers explained.

According to them, this led to excessive memory consumption, causing some nodes to go offline.

The Block analyst Larry Cermak suggested on the eve that Solana validators faced RAM shortages, particularly those with 128 GB or less.

Following the outage, the SOL token price fell from around $160 at one point to $142.39 (Kraken exchange). However, as the situation developed, the coin’s price recovered to previous levels.

Сеть Solana перезапустили после масштабного сбоя
Hourly chart of SOL/USD on Kraken. Data: TradingView.

In March 2021, a multi-hour outage in block production occurred on the Stellar network.

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