Solana was down for several hours

[michellee]

It is just a matter of time for Solana to rise back from the lower price to the higher price. Besides that, Solana has much time to increase the price step by step. If the price can not jump to the high price, it is better to lift the price for a small price but constantly because that will be better for the coins to have a stable increase. All in all, Solana needs to stay strong to compete with the other coins/tokens which already have support from traders and investors and that is not easy to compete with them.

[nutildah]

The technical problem of Solana network is that it is very difficult to operate a node, people need equipment with powerful configuration. I saw the problem before looking at the 'Proof of history' consensus method. It is really recursive and makes the blockchain more and more heavy.

This is probably the best explanation for what happened I read here.

It just goes to show how if a coin has an inherently centralizing design (however by accident), it can lead to long-term problems for the success of the coin.

As I was just mentioning in another thread, a pretty bigtime blockchain game has adopted Solana for their game NFTs. Imagine if you wanted to play the game and couldn't because its host blockchain was "down." That would be quite unacceptable. Hope they get it together.

[Sayeds56]

~Snip~

How long do you think this crash will last? I'm curious but many say until the middle or end of this month. and i'm holding a few coins from the solana network so it's currently going through a pretty deep drop.

After Solana flew so high a while ago, maybe it's time for Solana to take a break and give traders a little space to get Solana at a low price. correction will always occur when a coin has pumped so strongly, thus making traders who already hold Solana a little worried about the accident that just happened. But this is not the end of Solana, After the storm ends we will see a clear sky.  

The outage of Solana network for more than 16 hours was very disappointing for Solana investors because it raises question about capacity of network to handle transactions load as well as people are  asking questions whether Solana is really Decentralized. New buying interest is again seen on Technical charts of Solana and it  looks good buy at current price after having shredded extra fat due to the incident of network outage.  

[liqidoxgen]

The Solana blockchain is still very young, but rapidly developing. It is quite natural that unexpected difficulties may appear in the process of rapid growth. This has already happened with other popular blockchains, so there is nothing extraordinary here. I see such events as another chance to increase my SOL balance in my wallet at a discounted price.

[Semar Mesem]

What happened to Solana of course no one predicted, the surge in the number of active Solana users skyrocketed in a short time so the network was very busy, a few days ago I sent Solana and it took up to 6 hours to get 3 confirmations, now the network is stable and hopefully it doesn't happen another network problem.

[dhemasm]

The technical problem of Solana network is that it is very difficult to operate a node, people need equipment with powerful configuration. I saw the problem before looking at the 'Proof of history' consensus method. It is really recursive and makes the blockchain more and more heavy.

Just found it today and looking some stuff on google before, I never though it's going to make Blockchain network more heavy since basically solana was more distributed and their maintain it's own while the others need interact intensively and need to wait block confirmation on the network, I'm not really understand the whole process though but thanks for sharing this so i can learn more details about this downtime.

[tokyohd]

I believe, the future of Solana Token is bright. It may crash for a while due to the impact of the market, but it is likely to move to a much better position in the future. I also invested in this Solana token. Hoping to get better results in the future.

[jakdanyel]

It was really not good to see Solana like this. I know that it is still in beta phase but still this is not ideal for a promising project. Because people couldn't do anything while this problem was going on. This could besmirch Solana's reputation a little bit. I hope to see Solana solving this kind of problems after the beta phase. Otherwise, the number of people using Solana could start going down. By the way, Solana price was also affected negatively by this.

[David.Jack]

It appears the new flying superstars of the cryptospace has landed on the ground with a few wounds and scratches hehehe. This might not greatly affect the Solana ecosystem market, however, this is a red mark on their report card. According to Solana Status, the network is being manually restarted and presently has 42% of the validators online. Solana blockchain requires 80%.



The network underpinning one of this year’s fastest-rising cryptocurrencies is having problems validating transactions, according to a Twitter account run by the Solana project.

The issue stemmed from “resource exhaustion” in the network that caused denial of service, one tweet from the Solana Status account said over eight hours ago. Third parties that validate transactions on the blockchain elected to coordinate a restart of the network and are preparing a new release, the developer team said later in a statement.  

“It has some interesting technical features, but realistically Solana hasn’t yet been fully tested in a live setting,” said Strah Savic, head of data and analytics at FRNT Financial. “What we are likely seeing is the experimental nature of blockchain tech playing out.”

Read in full https://www.bloomberg.com/news/articles/2021-09-14/blockchain-underlying-red-hot-crypto-solana-hits-processing-snag

SOL blockchain is a superior technology (super fast, secure, modern features and low transaction fee..etc). Thus, this market niche can be significantly attempting. The next security module update could be released to fix/enhance this issue and its unveil pumping price.

[southerngentuk]

The news came out and people started talking about it more than the mixed and supportive opinions only fueled its spread.
And as I feel, this is a pretty good opportunity for those who are looking for an opportunity to hold more SOL at a good price. Honestly, after many years I have to admit that it is better to act on your own rather than listen to other people's thoughts, and always question it before any news.

[Gayong88]

Heavy traffic in my view has an impact as you said above and I'm sure the developer will quickly resolve this problem regarding the convenience of its users. Soluna itself has been fundamentally proven and will focus on decentralized as well as Cardano.

[traderethereum]

The news came out and people started talking about it more than the mixed and supportive opinions only fueled its spread.
And as I feel, this is a pretty good opportunity for those who are looking for an opportunity to hold more SOL at a good price. Honestly, after many years I have to admit that it is better to act on your own rather than listen to other people's thoughts, and always question it before any news.

Although SOL has a good price to buy, the price is already increasing too high so I think people can wait for a while to enter the market.
With $141 for the price now, I am worried that the price can down for more and maybe it will reach $120 so if you decide to buy right now, you should consider buying from a small part and see where the price will go later.
Yes, you do not need to listen to other people's thoughts because we will have our own analysis that we used to give us a different conclusion from them.
We do not know how deep the SOL price will be down and if you buy SOL at a big amount, you should prepare for the next dip that can happen to SOL.

[firesurfer]

The technical problem of Solana network is that it is very difficult to operate a node, people need equipment with powerful configuration. I saw the problem before looking at the 'Proof of history' consensus method. It is really recursive and makes the blockchain more and more heavy.

This is probably the best explanation for what happened I read here.

It just goes to show how if a coin has an inherently centralizing design (however by accident), it can lead to long-term problems for the success of the coin.

As I was just mentioning in another thread, a pretty bigtime blockchain game has adopted Solana for their game NFTs. Imagine if you wanted to play the game and couldn't because its host blockchain was "down." That would be quite unacceptable. Hope they get it together.

Thanks for your feedback. That's my understanding at the moment, and someone has found it helpful. If you are looking for a blockchain project with high consensus and not too congested that must collapse as well as high decentralization (the ability to set up individual nodes easily), then maybe Lamden (TAU) is responding to the above problems.
I'm really impressed with their consensus building philosophy.

High Performance and Scalability on a Python Blockchain
https://blog.lamden.io/high-performance-and-scalability-on-a-python-blockchain-47c0200c3ef6

One more problem of Solana is that they use RUST as the programming language for the project. RUST is a powerful but difficult language to use. When creating DAPPs developers need to be knowledgeable about this language because if something goes wrong it will be difficult to fix. As a result, it took Solana 12 hours to bring her blockchain back online.

[southerngentuk]

The news came out and people started talking about it more than the mixed and supportive opinions only fueled its spread.
And as I feel, this is a pretty good opportunity for those who are looking for an opportunity to hold more SOL at a good price. Honestly, after many years I have to admit that it is better to act on your own rather than listen to other people's thoughts, and always question it before any news.

Although SOL has a good price to buy, the price is already increasing too high so I think people can wait for a while to enter the market.
With $141 for the price now, I am worried that the price can down for more and maybe it will reach $120 so if you decide to buy right now, you should consider buying from a small part and see where the price will go later.
Yes, you do not need to listen to other people's thoughts because we will have our own analysis that we used to give us a different conclusion from them.
We do not know how deep the SOL price will be down and if you buy SOL at a big amount, you should prepare for the next dip that can happen to SOL.

Of course, no one will force you to buy or keep it
As you can see, I wonder if $120 vs $140 is that much of a difference for a future patient, even though it's increased a lot, but admittedly it's worth it. So I expect a lot of things they build, and that's the basis that makes me think that SOL is really having a clear opportunity.

[turneps]

Due to transaction overload, the Solana network was down for over 16 hours. The number of failed transactions surged to more than 400,000. As a result, the network is paralyzed. Additionally, “the lack of prioritization of network-critical messages caused the network to start branching out.” It is said that the problem is in the first layer, so it will affect all Solana based content. Since Solana is currently in beta, this mitigates the impact of the outage to a certain extent. Due to Solana network issues, prices plummeted. Immediately after the news was announced, the price dropped by 10%. At the same time, Solana recovered in time and was only able to record a decrease of 2.5%.

[Emitdama]

Of course, no one will force you to buy or keep it
As you can see, I wonder if $120 vs $140 is that much of a difference for a future patient, even though it's increased a lot, but admittedly it's worth it. So I expect a lot of things they build, and that's the basis that makes me think that SOL is really having a clear opportunity.

I read too much about this and after checking few charts and analysis I personally fell in love with Solana because it's really decentralized. New buying interest is again seen on Technical charts of Solana, and it looks good, even too much hype about this downtime but team done good job and now all things working smoothly. Solana blockchain is still very young, and it's in beta version, we all know that many difficulties will happen in start and growth.

Until now, we have too many talk about price and other things, but I feel members need to do some own search and then do any decision about their investment, never go on hype.

[RealMalatesta]

I read too much about this and after checking few charts and analysis I personally fell in love with Solana because it's really decentralized. New buying interest is again seen on Technical charts of Solana, and it looks good, even too much hype about this downtime but team done good job and now all things working smoothly. Solana blockchain is still very young, and it's in beta version, we all know that many difficulties will happen in start and growth.

Until now, we have too many talk about price and other things, but I feel members need to do some own search and then do any decision about their investment, never go on hype.

Ever since SOL team decided that they could stop the blockchain anytime they want and fix stuff and then revert the wrong stuff and then restart the whole blockchain, I am out.

You can read about it a lot more here; https://dailycoin.com/solana-comes-to-a-halt-ethereum-killer-killing-itself/ and you can see that it was stopped by the team itself, which is peak centralization and there is no situation in the world that could make me invest into something that is this hardly centralized. Even BNB is basically all the centralized things you can imagine but they never stop it.

If you want to invest, which you should if you want to, then you should do it knowing that they could literally take money out of your wallet too if they want to, or they could stop it anytime they want or revert it or change anything they want at anytime these are all risks. Know the risks before you get in, if you are fine with them then many people who were fine with it made money when it skyrocketed recently so I hope you do make profit too.

[King Raymond]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

[Kasabus]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

Well, if we compare Solana to bitcoin, then it's clear that its too far from bitcoin's achievements. But when it comes to ethereum, there are really chances that it can replace ethereum from its position because Solana is definitely gaining more supporters which makes it a bigger community today. And if ethereum cannot resolve its issue on high gas fees, might as well those projects will shift into Solana's network because the trasaction fee is lesser. Solana has really good potentials that has developed overtime and even if there is a sudden crash, i think it will easily recover.

[lixer]

It appears the new flying superstars of the cryptospace has landed on the ground with a few wounds and scratches hehehe. This might not greatly affect the Solana ecosystem market, however, this is a red mark on their report card. According to Solana Status, the network is being manually restarted and presently has 42% of the validators online. Solana blockchain requires 80%.

This is really bad, As a project that is getting huge they shouldn’t allow such a thing to be happening to them. Right from time they should have had this in mind when the project started growing and booming in price, they should have expected more people to join the platform and they should have prompted them to create and improve their platform to a higher level than what it is so that there wouldn’t be a need for such occurrences.

Rather they chose to neglect such, anyways let’s just hope that they will get better from here and wouldn’t let such a thing to repeat itself as time goes on, because if it continues there are lots of other projects that are ready to replace them immediately because people are going to be discouraged.