Yesterday, a nearly six-hour network outage with Solana, a blockchain-related team known for its high bandwidth, spurned and supported smart traders and contract developers.

“At around 13.46 UTC on December 4, 2020, Solana Mainnet Beta stopped producing blocks on route 53180900, which prevented new transactions from being confirmed,” according to the Solana Blog.

The hack lasted about five and a half hours before Solana’s more than 200 network auditors, representing more than 80% of the network’s load, fired instructions for a successful network restart and started building blocks again.

“We would like to thank the passionate and earnest global network of auditors who identified this issue and coordinated the network restart,” Solana’s team said.

The inevitable network collapse is inevitable.

Solana founder and CEO Anatoly Yakovenko stated that he supports competition between teams and protocols and that he can help achieve “excellence”. Solana’s SOL token rose 5% to $ 1.97 in 24 hours after yesterday’s drop when the token was pegged at $ 1.85.

Ethereum community critics, as well as other team members, were quick to post Solana’s concerns on Twitter yesterday.

The observer noted that trading at Serum, the decentralized Solana exchange set up by the FTX Central Exchange, processed many BTC trades within hours of closing, indicating less demand for services other than robot trading:

For his part, FTX CEO Sam Bankman-Fried appears to have taken a step:

However, not everyone in the smart contract field seized the opportunity to develop a problematic Layer 1 protocol.

Hudson Jameson, a researcher at Ethereum Corporation, praised Solana’s team for its “rapid response and rapid recovery,” noting that Ethereum has seen a significant proportion of “network emergencies”.

Source: CoinTelegraph

LEAVE A REPLY