Solana blockchain stopped due to a bug, developers are trying to restart the network
An unforeseen bug disrupted the Solana blockchain this Friday. The project developers drew attention to the problem in a discussion on GitHub.
“On December 5, 2020 at approximately 13:46 UTC (16:46 Moscow time), the Solana Mainnet Beta cluster stopped producing blocks on slot 53 180 900. This prevents any new transactions from being confirmed,” the project writes on its Medium blog. “The Solana team is actively working with the validator community to restart the network.”.
“All up!” – wrote the founder of the project Anatoly Yakovenko on Twitter, referring to the validators with a call to go to Discord for instructions on restarting the network.
The developers note that nothing threatens user assets in this situation, and the team is working on a “smooth restart”. At 19:41 Moscow time, they wrote that 67% of the active share of validators was ready for launch with the required value of 80%.
At the time of this posting, browser data confirms that blocks are still not being added to the network.
Solana is a Tier 1 network and is positioned as a faster and cheaper alternative to Ethereum, with the ability to process tens of thousands of transactions per second for a fraction of a cent. In March, the project held a token sale on the CoinList platform, with which the total amount of funds it raised reached $ 25.6 million. To date, the blockchain has been involved in several large projects, including the stablecoin Tether and the FTX-backed decentralized exchange Serum..
Solana’s own token (SOL) has lost 8% of its value over the past 24 hours and is ranked 117th on the market with a capitalization of $ 90 million.
UPD: The developers report that the blockchain was successfully restarted at 22:32 Moscow time. This is also confirmed by the data of the blockchain explorer, which displays new blocks on the network..