Solana network goes down on a bad day for blockchains
Solana network, one of the fastest-growing blockchain networks that are seen as a serious challenger to the Ethereum blockchain in the future, went down for several hours in what is seen as growth pangs and a test of what is yet to come on the network.
It was also a day when the Arbitrum went down, came back up again, and then went down again and it was down for several hours as well. The ETH network also underwent a reorg attack which managed to fool a few nodes on the blockchain network is further proof that the crypto ecosystem is still subject to issues, just like any other financial network, and it is always going to be a battle in terms of keeping the network safe and secure.
The Solana network is still down as we write this though it is expected to be back up within the next couple of hours. They reported a massive increase in transaction load that went up to 400,000 transactions per second and this flooded the transaction processing queue. This, in turn, led to a massive memory consumption among the validators within the network and as the problem continued to grow, the network validators decided to do a restart of the network and it is expected that a new release will be made to address this situation for the future.
Though this led to some bad press for the network and frustration among the users, it has to be noted that many of the large blockchain networks of today, like BTC and ETH, have undergone similar trouble at the early stages of the network and have still managed to pull through in a sign of growing maturity within the network. It is also hoped that a similar thing would happen within the Solana network and this would only help the network to become even more resilient in the future.
But what this also shows us is that the blockchain networks, especially the newer ones, are still not highly robust enough and are likely to go down and face issues from time to time and it would depend on the resilience of the entire blockchain network community to come together to face and resolve such issues. The community which does this the best is likely to gain more trust in the years to come.
