Skip to main content

Solana (SOL) fails again: failure number 7 in 2022 due to network congestion from bots

 


The Solana network was down for seven hours on Saturday night. The reason for this were many transactions from bots that minted non-fungible tokens (NFT).


Four million transactions, or 100 gigabits of data per second, clogged the network, causing validators to be kicked out of the consensus and Solana going down around 20:00 UTC on Saturday.


Only seven hours later, at 3:00 a.m. UTC on Sunday, were the validators able to restart the mainnet.



The bots have focused on a popular application called Candy Machine, which is used by Solana NFT projects to launch collections. In a Metaplex Twitter post, the company confirmed that traffic from bots on its app was partially responsible for the network outage.



Metaplex said it will charge a fee of 0.01 Solana ( SOL ) (about $0.89 currently) for wallets attempting to complete an invalid transaction. According to the company, this is “typically done by bots blindly trying to mint coins.”


The outage has seen the price of SOL, the blockchain’s native coin, fall almost 7 percent to $84. The price has since recovered to just over $89.


According to the company, this is the seventh time this year that Solana has failed. Between January 6 and January 12, 2022, the network experienced problems that resulted in partial outages that lasted between 8 and 18 hours.


Solana explained that "computationally intensive transactions" would reduce network capacity to "several thousand" transactions per second (TPS). That's well below the reported 50,000 TPS.


The network was down for over 29 hours between January 21 and 22 as excessive duplicate transactions again caused network congestion and blockchain outages.


In September 2021, Solana experienced a major outage that left the network offline for over 17 hours. Solana attributed this outage to a so-called DDoS attack on an Initial Decentralized Exchange Offering, in which bots spammed the network with 400,000 TPS . Industry observers commented on this failure of the "Ethereum Killer".


Solana should now provide business hours.


— pseudotheos in (@pseudotheos) May 1, 2022

Solana wasn't the only network to experience excessive transactions and a subsequent outage related to NFTs over the weekend. Ethereum transaction costs increased to an average of over $450 due to Yuga Labs issuance of 55,000 NFTs . Some users have even spent up to 5 Ether ( ETH ) or $14,000 in gas fees on transactions and much more for minting these NFTs.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more