What happened with Solana’s mainnet “SOL”?
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Answer What happened with Solana’s mainnet “SOL”?
The bullish momentum of the digital currency “SOL” stopped abruptly after the beta version of the “mainnet” experienced a transaction glitch.
The flaw resulted in very high transaction frequency of up to 400,000 transactions per second.
These transactions flooded the transaction queue, but not prioritizing critical network messages resulted in network fork which in turn consumed a large amount of memory on the network.
After that, many Solana blockchain nodes were disconnected due to excessive memory usage.
This resulted in the network being down and inactive for more than 10 hours.
He told the developer team that they were working on getting the network online as soon as possible.
1/ Solana Mainnet Beta experienced a significant increase in transaction load that peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and the lack of prioritization of important network messages caused the network to start ramifying.
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SolanaStatus September 14, 2021
The error halted Solana’s momentum, halted its upward trend, and weakened the chances of continuing its upward march towards new heights.
Many even highlighted that the network was completely centralized as one indicated last week that it would only take 20 auditors to shut down the network.
Well, I’ve spent most of the day researching decentralization in Tweet embed And I seriously can’t find any of them.
20 auditors could collude to shut down the network right now, according to Tweet embed.
This is not impossible, this is not independent, this is not censorship-resistant. pic.twitter.com/kjeY0on5AP
– Chris Blake (@ChrisBlec) September 9, 2021
Restarting the SOL network:
Solana became the biggest success story after the market crash in May, as the altcoin managed to hit nearly 7 times its price since August.
The digital currency SOL entered price discovery mode after breaking through the $100 level and defied all market trends to hit a new high of $215.
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Altcoin has become one of the fastest growing ecosystems and has joined the NFT craze and is crowding out Ethereum.
However, with the current major flaw that has kept the network offline for more than 10 hours, it could decimate progress and damage the gains that Solana has made over the past two months.
The developers were able to correct the bug and the network was back up and running again.
The update indicated that Dapps, Blockchain Explorer, and Support System will be back online in a few hours and functionality will be fully restored.
Although things are back to normal, the price of the digital currency SOL is still red, declining by 3.66% in the last 24 hours.
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