The Solana foundation is still investigating to find out the actual reason behind the recent issue that occurred in the Solana blockchain network, where the Solana network was taking a significantly huge time to produce blocks.
Solana is a Proof-of-stake (PoS) blockchain network. Over the last two years, Solana emerged as a top scalable network. Solana network can process crypto transactions at a scalability of 50,000 TPS easily, thanks to its Proof-of-history (PoH) protocol.
Two days ago, the Solana network was failing to produce blocks because of an unknown bug, which occurred after the fork of the network when Solana was shifting from V1.13 to V1.14. Later the Solama team pushed Solana back on v1.13 to restart the network.
The Solana network is currently restarting after an issue during the upgrade from 1.13 to 1.14 that slowed block finalization
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Once validators with 80% of stake have restarted the network will resume
You can track the progress of the restart here:https://t.co/HclrUqWQ2y
— Solana
Compass
(@SolanaCompass) February 25, 2023
On 27 Feb 2023, the Solana team published a dedicated blog post on the recent network outage and noted that the root cause behind that issue is still unknown.
“Root cause is still unknown and under active investigation. This document will be updated as more information becomes available,” the blog post stated.
These things are showing that the Solana blockchain needs more talented devs to handle the security & ability of the network.
On 28 Feb 2023, Solana founder Anatoly Yakovenko shared some information about Solana’ “voted transactions” system. He explained that the Solana team decided to choose a unique approach to ensure security and performance.
Anatoly mainly explained the strategy of deciding to go through a single optimised pipeline for all messages, including votes because it was the most efficient method for Solana blockchain.
Why are votes transactions? Every thread that I've seen that talks about this comes form pure ignorance.
Classic BFT consensus requires quadratic messaging overhead.
The more nodes you have in the same quorum, the part of the network that agrees on the state, the more messages… https://t.co/8lOhICb8mn
— toly
(@aeyakovenko) February 27, 2023
At the time of publication of this article, the trade price of Sol coin, a native token on the Solana network, is $22.22 & this trade price is 2.36% down over the last 24 hours trade price.
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Solana team failed to understand why the network was down on V1.14
https://bitcoinik.com/solana-team-failed-to-understand-why-the-network-was-down-on-v1-14/feed/
https://bitcoinik.com/solana-team-failed-to-understand-why-the-network-was-down-on-v1-14/feed/
