Solana Recovers After 10-hour Outage

The Solana blockchain suffered a major outage yesterday, which ultimately forced a network restart following a hurried bug-fixing upgrade, to curtail uncontrollable forking of the chain.

Although still technically in beta, the protocol’s growing DeFi ecosystem has amassed nearly $11 billion in total value locked, and Solana has also tapped into the latest NFT mania, propelling its $SOL token into the top 10 by market cap at over $47 billion.

A patch was released Tuesday afternoon, requiring the community of validators who operate the network to coordinate a software update and restart the chain, a process which was completed early Wednesday, according to the Solana Foundation.

Solana is a proof-of-stake smart contract blockchain, one of the few such protocols that is incompatible with the Ethereum Virtual Machine (EVM). Ethereum suffered an unintentional fork on August 27th, after a bug in one of the main Ethereum clients was exploited, but the practical effect on network activity was comparatively mild.

The CEO of Solana Labs, Anatoly Yakovenko, tweeted wryly, “better now then [SIC] when its a billion users”.

Source : blockworks.co