Solana network was down for 5 hours today

[Zed0X]

When was the last time this happened? IIRC, it was last year or maybe 2022? It's not that I hate Solana but this is really the one weakness of this blockchain. In fact, I also use it for transferring funds. I only have an issue with supporters who do not see the trade off here. You enjoy the cheap transaction fees and fast confirmation but, in exchange, you get a centralized protocol. Outages like this will happen from time to time as a result.

https://www.theblock.co/post/276174/solana-major-outage-mainnet-beta

[rdluffy]

I remembered coming here to the forum and you've already opened the thread hehehe
Solana network, if I'm not mistaken, has had no problems since the end of February last year (2022), it didn't complete an entire year without any outage

I don't know why this problem happened just now, since SOL's network had coped well with Jupiter's airdrops and launches, I thought these problems were behind us
Keep an eye out for them to come back as soon as possible as there are a lot of projects running on the network right now

[bitmover]

https://www.coindesk.com/markets/2024/02/06/solana-network-suffers-brief-outage-sol-steady/

Solana, the low-latency blockchain that's seen an explosion in activity in recent months, experienced an approximately five-hour outage on Tuesday.

Solana's SOL token slumped from around $96 before the problem began to below $94 as the incident was ongoing. It was recently down 2.5% from 24 hours earlier, worse than the 1% drop in the CoinDesk 20 Index, a benchmark for the largest cryptocurrencies.

This is the 11th time the Solana blockchain goes down
The ethereum Killer is not doing well!

[Gurujebs]

This is the 11th time the Solana blockchain goes down
The ethereum Killer is not doing well!

Ethereum has transit from proof of work to proof of stake and I have never for one read anywhere that it has went offline or hasn't been able to mine some blocks but Solana has done more offline since ethereum became proof of stake, same project with the same mechanism even when one of them proof to be safer and faster but goes offline than it has stay online. I'm not sure if Solana will ever reach it's full potential.

Could this be as a result of Jupiter? I am yet to see the results real problem or update about the cause of the outage. The developers just announced that the chain is back online and working perfectly but this is not nice to see all the time.

[bitmover]

Could this be as a result of Jupiter? I am yet to see the results real problem or update about the cause of the outage. The developers just announced that the chain is back online and working perfectly but this is not nice to see all the time.

The cause was not reveled yet. However, I doubt this has anything to do with tokens. This is something Solana blockchain has been suffering for years... this is the 11th drop that the network suffers

[philipma1957]

This is the 11th time the Solana blockchain goes down
The ethereum Killer is not doing well!

Ethereum has transit from proof of work to proof of stake and I have never for one read anywhere that it has went offline or hasn't been able to mine some blocks but Solana has done more offline since ethereum became proof of stake, same project with the same mechanism even when one of them proof to be safer and faster but goes offline than it has stay online. I'm not sure if Solana will ever reach it's full potential.

Could this be as a result of Jupiter? I am yet to see the results real problem or update about the cause of the outage. The developers just announced that the chain is back online and working perfectly but this is not nice to see all the time.

Eth was hacked for over a million coins and their fixed cost me my wallet so until mr v pays me my 2 eth eth can fuck off and die.

[dwyane36]

Could this be as a result of Jupiter? I am yet to see the results real problem or update about the cause of the outage. The developers just announced that the chain is back online and working perfectly but this is not nice to see all the time.

I agree with bitmover that the cause of the outage is not due to jup or any other token. For example, this site cites the design of the system as the reason for Solana's periodic network outages. Namely, Solana handles all of its consensus on-chain, meaning that all validator communications are on the chain like a transaction. The problem seems to be that this causes a significant increase in transaction volume and TPS.

[philipma1957]

Could this be as a result of Jupiter? I am yet to see the results real problem or update about the cause of the outage. The developers just announced that the chain is back online and working perfectly but this is not nice to see all the time.

I agree with bitmover that the cause of the outage is not due to jup or any other token. For example, this site cites the design of the system as the reason for Solana's periodic network outages. Namely, Solana handles all of its consensus on-chain, meaning that all validator communications are on the chain like a transaction. The problem seems to be that this causes a significant increase in transaction volume and TPS.

So do you think it is simply a volume issue? If that's all it is then they will simply upgrade servers which can handle the volume. Solana is the work horse for all the helium hotspots there is money invested.

[Crwth]

Keep an eye out for them to come back as soon as possible as there are a lot of projects running on the network right now

Any key reasons how not to be worried about it? I'm overthinking about the price and it could go down because of stuff like this.

[joniboini]

Any key reasons how not to be worried about it? I'm overthinking about the price and it could go down because of stuff like this.

I think worrying about their reliability is a valid concern though, you don't necessarily have to remove it from your mind since it is better to prepare another strategy to increase your wealth. As far as I can see, most people don't necessarily bet on the price of SOL itself, but on the ecosystem. Relying on Solana chain forever is not going to cut it anyway. I guess it also depends on your capital and risk profile. If you're an airdrop hunter, just make sure to liquidate some of your earnings to other chains as soon as possible, while you can stake the rest to get future airdrops. Personally, my holding on Solana is not that big, so I don't necessarily find the outage a big issue.

[Zed0X]

~ I thought these problems were behind us

I guess the devs can only minimize the occurrence but they can't stop it completely

Keep an eye out for them to come back as soon as possible as there are a lot of projects running on the network right now

Any key reasons how not to be worried about it? I'm overthinking about the price and it could go down because of stuff like this.

Unless it happens more often (at least once a month), people wouldn't mind the outages. It's inconvenient but I think traders/investors are already used to it.

[MrSpasybo]

When was the last time this happened? IIRC, it was last year or maybe 2022? It's not that I hate Solana but this is really the one weakness of this blockchain. In fact, I also use it for transferring funds. I only have an issue with supporters who do not see the trade off here. You enjoy the cheap transaction fees and fast confirmation but, in exchange, you get a centralized protocol. Outages like this will happen from time to time as a result.

Solana has many advantages such as high speed and low fees, but it seems that POH really needs to be further improved by the Solana team in the future to help users have more confidence in the network stability.

Anyway, the problem with the Solana blockchain is not a concern, because investors enter the market to make profits. As long as the SOL token price continues to increase well, any problems with the network can be ignored ^^

I only sympathize with those who need to use the network right when the network stops working 😂

[rdluffy]

Keep an eye out for them to come back as soon as possible as there are a lot of projects running on the network right now

Any key reasons how not to be worried about it? I'm overthinking about the price and it could go down because of stuff like this.

In my opinion, a drop like this after so many months won't affect the price
SOL is already at 97 USD and from what I've seen nothing has happened apart from delaying our transactions and during the outage time we can't transact, but it's important that they keep the netword online, it can't keep dropping once a month for example, it could affect future projects and them the price

[philipma1957]

 solana is back over 100 i think they simply will improve the server network and its is a non issue.

[KryptoBull]

When was the last time this happened? IIRC, it was last year or maybe 2022? It's not that I hate Solana but this is really the one weakness of this blockchain. In fact, I also use it for transferring funds. I only have an issue with supporters who do not see the trade off here. You enjoy the cheap transaction fees and fast confirmation but, in exchange, you get a centralized protocol. Outages like this will happen from time to time as a result.

Not good but this is the Solana I know: there are many issues that need to be resolved with blockchain quality but the native SOL token price continues to increase strongly and is above 100 USD. This reinforces my belief in the truth: technology does not determine token price movements.

• Is technology really important for investment decisions?

Looking from the positive side: Solana has been operating stably for nearly a year, much better than before. I hope the Solana team will soon solve this problem to continue attracting users in next uptrend!