{"id":456382,"date":"2022-06-02T04:42:39","date_gmt":"2022-06-02T01:42:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/reliably-unreliable-solana-price-dives-after-latest-network-outage\/"},"modified":"2022-06-02T04:42:39","modified_gmt":"2022-06-02T01:42:39","slug":"reliably-unreliable-solana-price-dives-after-latest-network-outage","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/reliably-unreliable-solana-price-dives-after-latest-network-outage\/","title":{"rendered":"# Reliably unreliable: Solana price dives after latest network outage"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3eaed60089a\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3eaed60089a\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/reliably-unreliable-solana-price-dives-after-latest-network-outage\/#%E2%80%9D_Reliably_unreliable_Solana_price_dives_after_latest_network_outage_%E2%80%9C\" >&#8221; Reliably unreliable: Solana price dives after latest network outage &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Reliably_unreliable_Solana_price_dives_after_latest_network_outage_%E2%80%9C\"><\/span>&#8221; Reliably unreliable: Solana price dives after latest network outage &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months.<\/p>\n<p>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<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/status.solana.com\/incidents\/m6qzbgc7np9b\"> report<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half hour outage after the network failed to reach consensus. Network operators an d<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>s will continue to restore client services over the next several hours.<\/p>\n<p>\u2014 Solana Status (@SolanaStatus) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SolanaStatus\/status\/1532106367279955969?ref_src=twsrc%5Etfw\">June 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nSolana Labs co-founder Anatoly Yakovenko explained what happened in a<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/aeyakovenko\/status\/1532076517739532288\"> tweet<\/a>:<\/p>\n<blockquote><p>\u201cDurable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed.\u201d<\/p><\/blockquote>\n<p>\u2018Durable transaction nonce\u2019 refers to a mechanism addressing the typical short lifetime of a transaction block hash according to the official Solana <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/docs.solana.com\/offline-signing\/durable-nonce\">documentation<\/a>. A bug in the feature caused nodes to generate different outputs resulting in consensus failure, which ultimately caused the latest period of downtime.<\/p>\n<p>The network was restarted with this feature disabled, and Yakovenko added that fixes for the bug \u201cwill be out ASAP.\u201d<\/p>\n<p>Naturally, there was a fair amount of backlash from the community with<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nxscryptofund\/status\/1532108492672274432\"> comments<\/a> like this filling up its feed:<\/p>\n<blockquote><p>\u201cGet it together Solana. We should be past this already. I\u2019m big believer but I\u2019m even doubting at this point.\u201d<\/p><\/blockquote>\n<p>CNBC crypto trader and Onchain Capital CEO Ran Neuner simply quipped:<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: SOLANA.<\/p>\n<p>\u2014 Ran NeuNer (@cryptomanran) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cryptomanran\/status\/1532087084093214720?ref_src=twsrc%5Etfw\">June 1, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>SOL prices have taken a massive hit tanking almost 14% over the past 12 hours or so in a fall below $40, according to CoinGecko. The network native token has now slumped 85% from its November 2021 all-time high of $260, and it is poised to slip out of the top ten by market ca.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-06\/37f0ed99-d732-42b2-b917-d6ac923d76f8.jpg\"><figcaption style=\"text-align: center;\">SOL\/USD 24hr &#8211; coingecko.com<\/figcaption><\/figure>\n<p>Solana, which has often been dubbed an \u201cEthereum killer,\u201d has been fully or partially offline at least seven times since September 2021, when it suffered denial of service attack-related outages twice in the same month, according to the network uptime<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/status.solana.com\/uptime\"> tracker<\/a>.<\/p>\n<p>The blockchain was plagued with problems in January when it suffered service disruptions and degraded performance for nine days out of the 31 in the month. Duplicate transactions were blamed for the second outage in January. In late April and early May, Solana was down again for almost 8 hours due to NFT minting bots overwhelming the network.<\/p>\n<p><strong><em>Related:<\/em><\/strong><strong><em> <\/em><\/strong><strong><em>Solana suffers 7 hour outage as bots invade the network<\/em><\/strong><\/p>\n<p>Additionally, Solana&#8217;s blockchain clock is slow and running 30 minutes behind real-world time. The status page <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/status.solana.com\/\">notes<\/a> &#8220;On-chain time continues to run behind that of wall clocks, due to longer-than-normal block times.&#8221;<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/reliably-unreliable-solana-price-dives-after-latest-network-outage\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Reliably unreliable: Solana price dives after latest network outage &#8220; The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months. A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":456383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvMGYxNDE4YmEtNDRkOC00YTkzLWE5YWEtOGJhMmZmODUwOGE0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,92498],"class_list":["post-456382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-solana"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=456382"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/456382\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/456383"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=456382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=456382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=456382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}