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Solana (SOL) suffers another network outage, its second in a month

Solana (SOL) has suffered its second outage over the last month and the price of SOL has dipped over 12% in the aftermath.

The latest Solana outage marks its fifth outage inside 2022, averaging almost 1 a month so far for the year. The Solana blockchain has had at least seven different outages within the last 12 months making it a rough year for the SOL blockchain. Solana, which many have referred to as a potential “Ethereum Killer” clearly has some work to do in order to secure its network as well as maintain its reliability and uptime before it can live up to such a moniker.

Solana, Solana outages, SOL, Solana outages, crash
Solana (SOL) Cryptocurrency

What caused the latest Solana outage?

Todays Solana (SOL) outage was apparently caused by a bug related consensus failure according to Solana developers. A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1. This latest outage lasted around four and a half hours as validator operators managed to restart the mainnet at around 21:00 UTC, according to the incident report listed on status.solana.com.

Anatoly Yakovenko, the Solana Labs co-founder also commented on the outage in a tweet shown below: “Durable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed.”

Solana Labs Co-Founder tweets about latest outage

‘Durable transaction nonce’ essentially is a mechanism addressing the typical short lifetime of a transaction block hash according to the official Solana paperwork. A bug in the feature caused nodes to generate different outputs resulting in consensus failure, which essentially caused the latest outage or downtime.

The Solana blockchain was then restarted without the feature enabled, and the fixes for this bug “will be out ASAP” according to Yakovenko.

The Solana outages have caused a bit of an uproar within the crypto community with many negative comments directed towards Solana via its twitter pages. The price of SOL fell over 12% to below $40.00 according to coinmarketcap. The SOL cryptocurrency has fallen 85% from its all time highs in November 2021 of $260.

Solana, Sol, Solana outage, Sol price
Solana (SOL)

Solana blockchain clock is running 30 minutes slow or behind real world time:

In addition to the outage and adding to the Solana woes, The Solana blockchain clock is now slow and running 30 minutes behind real-world time. The Solana status website has stated that “On-chain time continues to run behind that of wall clocks, due to longer-than-normal block times.”

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