After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

After Solana’s Co-Founder Said BTC Should Change Its Consensus Algo, Solana Mainnet Loses Consensus for 7 Hours

While Ethereum users participating in the Otherside metaverse land sale caused network fees to rise and created issues for the blockchain explorer Etherscan, it overshadowed Solana’s blockchain network outage. It seems a flood of inbound transactions on Saturday caused Solana’s mainnet to lose consensus for roughly seven hours. Solana’s Mainnet Loses Consensus for 7 Hours The Solana proof-of-stake (PoS) blockchain network suffered another outage after a significant amount of transactions flooded the network. Solana’s PoS network has had difficulties in the past, as block production stalled for hours in mid-September 2021. Solana’s network outage was confirmed on Twitter. “Block production on Solana Mainnet Beta has halted. Validator operators should prepare for a restart in mb-validators on Discord,” the Twitter account called Solana Status said. “Validator operators across the ecosystem are working to finalize restart instructions for Mainnet Beta.”

The outage on Saturday follows the statements made by one of the project’s co-founders, Anatoly Yakovenko, who said Bitcoin’s consensus algorithm should change to PoS. “If [Bitcoin] eventually doesn’t switch to proof-of-stake nobody is going to use it,” the Solana co-founder explained in an interview. During the outage, Yakovenko’s recent Bitcoin PoS commentary was mocked and one individual wrote: “Eventually if Solana doesn’t have consistent uptime, nobody is going to use it.” After seven hours, Solana Status updated the public about the downtime and a network restart. “Validator operators successfully completed a cluster restart of Mainnet Beta at 3:00 AM UTC, following a roughly 7-hour outage after the network failed to reach consensus,” the Twitter account wrote. “Network operators and dapps will continue to restore client services over the next several hours.” Solana’s development team had to issue cluster restart instructions and published a document about how to start the process. During the first week of January 2022, Solana’s development team formally acknowledged that “high compute transactions” were “reducing network capacity.” Mainnet Beta Validators: Please follow the cluster restart instructions https://t.co/OSDKJZafeS

— Solana Status (@SolanaStatus) May 1, 2022

While Solana has had issues with a flood of transactions and long-lasting outages, since January 3, 2009, Bitcoin (BTC) has a network uptime percentage rating of around 99.98734244113%. Tags in this story 7 hour outage, 7 hours, Anatoly Yakovenko, Bitcoin, Block Validators, BTC, Mainnet outage, PoS, Proof-of-Stake, September Outage, SOL, Solana, Solana consensus, Solana Outage, Solana Uptime, Transaction Spam, uptime

What do you think about Solana’s blockchain losing consensus for seven hours after being flooded by a large quantity of transactions? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. The Largest NFT Mint in History — Bored Ape"s Otherside Virtual Land Sale Raises $320 Million NEWS | 8 hours ago Solana Co-Founder Believes Bitcoin Needs to Change to Proof-of-Stake Consensus to Remain Relevant NEWS | 14 hours ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleValue Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March Next articleUzbekistan President Issues Decree Regulating Cryptocurrencies, Mining and Trading Show comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms FBI Issues Alert Concerning Malicious State-Sponsored North Korean Hackers Targeting Crypto Firms Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Microbt Reveals Latest Bitcoin Mining Rigs — Machines Produce up to 126 TH/s With Custom 5nm Chip Design