The Solana network behind the popular altcoin SOL has experienced a fork event this morning, which has restricted users’ ability to transact. Here are the details…
A new issue has emerged in the Solana network
According to Solana Explorer, the network processed about 93 transactions per second in the morning hours. That’s pretty low given that the network normally processes 5,000 transactions per second. Such low trading volume prevented Solana users from effectively running any on-chain activities, from trading to asset transfer. Two validation operators said they didn’t know what caused the “long fork event”.
SolBlaze, alias SolBlaze, which runs a staking service, said that validator operators and representatives from the Solana Foundation and Solana Labs are investigating the case. “To be clear, the SOL network is still confirming interceptions, but validators are at risk of running out of memory to do so until the root cause of the fork is determined,” SolBlaze said in a message to Discord. In a Discord channel set up to coordinate the work, validators and SOL engineers were discussing a number of options, including a potential reboot of the network or a software downgrade.
Currently, the SOL validator has announced that they are trying to restore the speed of the network. While validators underline that this is a fix that could take hours, it’s worth noting that restarting the chain is seen as a “last resort”. As we have reported as Kriptokoin.com, there have been many problems with the SOL network since its launch.
54775
