Solana Network Faces Disruption, Urgent Upgrade and Reboot Required
The Solana layer one (L1) blockchain is currently experiencing a service disruption. The Solana Status website reveals that engineers are actively investigating the cause of the disruption. In response, validators on the mainnet have been instructed to implement an upgrade to version 1.17.20 and initiate a system reboot.
Continued Disruptions for Solana
This disruption marks the first outage of the year for Solana, which has had a 99.8% operational status in the past 90 days. However, it is not the first time the blockchain has faced disruptions. Solana has experienced periods offline in 2020, 2021, and 2022, during which it was unable to generate blocks.
Status Update and Communication
The Solana Status web portal has provided initial updates, labeled “mb-020624,” regarding the ongoing issue. The development team is actively investigating the problem. Public updates about the situation have also been shared through the Solana Status X account.
According to a post from the Solana Status X account, engineers are working on a new validator software release that includes a patch to address the cluster’s halt. Validator operators have been instructed to upgrade and restart their networks. Instructions on how to restart can be found on the associated Github page.
Market Reaction
Following the news of the disruption, Solana’s native crypto asset SOL experienced a dip of over 3%. It is currently trading at just over $94 per unit. As of February 6, 2024, SOL is the fifth largest crypto asset by market capitalization, valued at $41.12 billion.
Hot Take: Solana Works to Resolve Service Disruption
The Solana network is currently grappling with a service disruption, prompting an urgent upgrade and reboot. While this is the first outage of the year, Solana has experienced previous disruptions in 2020, 2021, and 2022, which led to extended periods offline. Solana’s development team is actively investigating the cause of the disruption and has provided updates through the Solana Status web portal and social media accounts. Validator operators have been instructed to upgrade and restart their networks to resolve the issue. The market has reacted to the news, with Sol experiencing a dip in value. Solana continues to work towards resolving the disruption and restoring full operational status.
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