The Solana network was down again for 48 hours, but this time users who took loans were forced to pay the price as they faced heavy liquidations.
While the crypto market was bleeding heavily on Friday, Solana experienced another network hiccup that caused panic among traders and DeFi users across the crypto community.in January. But unlike other occasions, the latest outage lasted about 48 hours.“The mainnet-beta cluster is experiencing some performance degradation, we are currently investigating the issue,” the team wrote.
The investigation lasted more than 24 hours before the team was able to identify the cause on Saturday at 17:55 UTC. According to the brief report on the Solana Status page, the issue was caused by “excessive duplicate transactions” done by bots.The issue was resolved today , at about 16:19 UTC after the release and adoption of v1.8.14, which was designed to “mitigate the worst effects of the issue.”
“These forthcoming releases are aimed at improving the state of the network, with more improvements expected to roll out in the next 8-12 weeks. Many of these features are currently live on Testnet, where they are being rigorously tested,” the team added.The recent Solana network issue provided developers and non-Solana supporters another opportunity to jeer the supposed Ethereum killer.
HarperCollins’ author Mark Jeffery believes that Solana is already out of the winning blockchain of the future due to persistent network outages.
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