Solana comes back to life today after the efficient network restart from the shutting down on Tuesday due to the transaction overload which caused the price of the native token to crash. In our latest altcoin news, we are taking a closer look at Solana’s analysis.
Solana is gradually coming back to life after the validators restarted it and it is regaining its full functionality after being forced offline on Tuesday. The network validators restarted Solana during the earlier hours on Wednesday. As we reported recently, the rising blockchain network Solana hit a roadblock on Tuesday when the network went offline because of the overwhelming transaction volumes. Solana went offline for 18 hours before the validators were able to restart the network but it seemed that the continuation of block production is not as simple as flicking a switch.
The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25. Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored.
— Solana Status (@SolanaStatus) September 15, 2021
The rising blockchain network Solana hit a roadblock when the network shut down because of the overwhelming transactions and it stayed offline for 18 hours before restarting. The official Solana Status Twitter account tweeted:
“Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored and we’re back.”
It is still unclear whether the full functionality has been restored at this time as Solana showed transactions being processed less than a minute ago as of the time of writing but displayed longer tag times in the past hour. Solana validators stopped producing blocks before 8 AM on Tuesday and the network was incapable of processing transactions until it was restarted. The Foundation representatives didn’t immediately comment on the request for further information but in a statement yesterday, the Foundation did attribute the network outage to the flood of transactions that overwhelmed the network and said that the engineers can’t stabilize the network in time:
“Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 [transactions per second]. These transactions flooded the transaction processing queue, and the lack of prioritization of network-critical messaging caused the network to start forking. This forking led to excessive memory consumption, causing some nodes to go offline.”
Solana Labs CEO Anatoly Yakovenko said that the transactions were sent to Raydium which is the leading decentralized fiannce protocol on Solana which was about to start an IDO as a type of token sale that is comparable to an initial coin offering. In this case, it takes place on the decentralized platform rather than the centralized exchange. The IDO in question was for Grape PRotocol which is a popular toolset for the developers of DeFi apps. Yakovenko also added that the Solana engineers already started addressing these issues prior to the outage.
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