Solana continues to experience severe technical difficulties despite growing institutional adoption
According to Austin Federacommunications manager at Solana Labs.
Solana, one of the top Ethereum competitors, has suffered seven hours of downtime after its mainnet bet fell out of consensus, according to Austin Federa, head of communications at Solana Labs.
The ‘Ethereum killer’ suffered the outage due to a ‘huge’ number of incoming transactions clogging the network. The network struggled to process a record 100 gigabits of data per second, according to a Posting on Twitter.
Candy Machine, an app designed to mint non-fungible tokens, was the main culprit behind the lengthy downtime. Some users criticized Solana for censoring the NFT minting bots that made the network go dark. However, Federa clarified that the foundation didn’t issue such instructions, and very few validators actually adopted such instructions.
Not a rare event
Solana has emerged as one of Ethereum’s top competitors in 2021 due to its high throughput and very low fees.
However, the blockchain has been plagued by technical hiccups. In January, the fledgling network suffered as many as six outages, attracting ridicule from the broader cryptocurrency community.
Solana also fell for 18 hours in September, causing the native SOL token to lose over $20 billion in market value.
The SOL token is holding up relatively well this time around despite another significant outage. It is down 5% over the past 24 hours, performing in line with other top “Ethereum killers” such as Terra (LUNA) and Avalanche (AVAX).
