After a six hour downtime, Solana draws criticism and support


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Yesterday, a nearly six-hour network outage of Solana, a layer-one blockchain known for its high throughput, sparked both scoffs and support from traders and developers across the smart contract space.

“At around 1:46 p.m. UTC on December 4, 2020, the Solana Mainnet beta cluster stopped producing blocks at slot 53,180,900, preventing new transactions from being confirmed,” reported a live update blog post by Solana.

The outage lasted approximately five and a half hours before over 200 Solana network validators, representing over 80% of the network’s operating weight, successfully initiated instructions to restart the network and restarted production of blocks.

“We would like to thank the passionate and hardworking global network of auditors who identified this issue and coordinated the restart of the network,” said the Solana team.

An autopsy of the network interruption is imminent.

Solana founder and CEO Anatoly Yakovenko previously said that he welcomes the competition between Layer-One protocols and that it can help breed “excellence”. Solana’s SOL token is up over 5% to $ 1.97 in 24 hours after bottoming out at $ 1.85 yesterday.

Critics within the Ethereum community, as well as other first-level competitors, quickly addressed Solana’s problems on Twitter yesterday.

One observer noted that trading Serum, the Solana-based decentralized exchange built by the central FTX exchange, had few BTC trades in the hours following the interruption, suggesting that after trading ” Bots “there was little demand for the services.

Sam Bankman-Fried, the CEO of FTX, seemed to accept the crush:

However, not everyone in the entire smart contract space took the opportunity to use the problematic Layer 1 protocol.

Hudson Jameson, an Ethereum Foundation researcher, praised the Solana team for its “quick response and immediate recovery”, noting that Ethereum has seen its fair share of “network emergencies”.

Another Ethereum Foundation alumni Nick Johnson also pointed out that given the lengthy roll-out process of Ethereum 2.0, it would be wise to hold back bullying: