Solana's network experienced an outage for over 16 hours due to a transaction overload. The developers are working to issue a network reboot which is currently in beta.
What happened
Solana's blockchain is experiencing problems as a network outage has forced it to go offline. The outage has been going on for over 16 hours. The outage is an anxious time for the high-performance network, which has performed well in 2021.
Solana's team successfully restarted the mainnet beta on September 15. Full functionality should be restored within hours of publication.
Tweets from an account that monitors the status of the Solana blockchain claim that a sharp increase in transaction load caused a spike of 400.000 transactions per second. This then flooded the translation processing queue and a "lack of priority of network-critical messages caused the network to start forking."
The subsequent increase in memory consumption caused some nodes to go down. To solve this problem, the developers of Solana have stated that they intend to issue a network reboot, the instructions of which have been posted on the official Discord server.
The problem is reportedly in level 1 and has affected everything built on Solana. It should be noted that Solana is currently in beta, which improves the effects of the discontinuation somewhat.
Also the quotation di Solana dropped significantly, dropping 10% in the hours immediately following the news. It has since recovered and has only declined by about 2,5%.
Solana and Arbitrum offline, Ethereum escapes the attack
Solana isn't the only one who went offline, with the Arbitrum scaling platform going down for about an hour. Arbitrum One stated that no funds have been put at risk and that only new transactions cannot be processed. Both of these platforms have generated a lot of interest in the market, so it's no surprise how much discussion these disruptions are receiving.
Ethereum was also attacked, but remained unharmed. Developer Marius Van Der Wijden said on Twitter that an unidentified entity attacked Ethereum, with some Nethermind nodes switching to an invalid chain. But with other clients securing the network, the nodes have since rejoined the right chain.
At a time when these next-generation networks and solutions are becoming an important part of the blockchain ecosystem, these attacks will put them under the magnifying glass. They are often seen as a key part of the future, but this is proof that they are in the early stages of development.
After all, Ethereum has also experienced many ups and downs throughout its life, most notably the infamous DAO crash. They are pains when they happen, and it is fortunate that there has been nothing as malicious as the theft of funds. As has been the case in the past, teams implement stronger measures following such incidents.
