Cryptocurrency

Morning SOL holders, there’s some bad news for you, but…


Solana [SOL] is again within the news once more. But alas, this time for an disagreeable motive. On 1 October, at 6:15 IST, Solana Status, a Twitter deal with that’s reportedly run by the Solana Foundation, posted a tweet about Solana’s fourth main outage since January.

The tweet said that the community was experiencing an outage and wasn’t processing transactions. Furthermore, builders throughout the ecosystem have been making an attempt their finest to restart the community.

Band-aid for a deep wound?

An hour later, at 7:07 IST, Solana Status shared a hyperlink to a doc through its tweet. The document titled “Solana Mainnet-Beta Cluster Restart 1” was for mainnet beta validators. The tweet additional requested these validators to comply with the cluster restart directions.

The effort on Solana’s finish to repair the problem was met with some resistance. Most validators have been unable to comply with the restart directions owing to points on the community.

For occasion, P2 Moo, a recreation developer, took to Twitter to level out that the community outage was nonetheless up and working.

Additionally, software program and blockchain firm Stakewiz.com additionally commented on the problem. “A misconfigured node caused an unrecoverable partition in the network,” as per the blockchain firm.

Damage is finished!

Following the above-mentioned developments, SOL remained with the bears on the time of writing. It declined by 3.3% within the final 24 hours.

The Ethereum-killer’s worth stood at $32.89, throughout press time. The Relative Strength Index (RSI) rested proper on the impartial 50 line. Traders have been seen having a troublesome time getting readability of the SOL’s market motion.

The Moving Average Convergence Divergence (MACD) line and the sign line have been working collectively and tried to make a transfer above the zero line. To put it merely, the indicator was giving blended alerts to merchants on the time of press.

On the opposite hand, the studying of Awesome  Oscillator (AO) confirmed that the market was in a state of flux. And, on the time of writing, sellers had the higher hand.

Source: TradingView

Stay robust SOL!

Well, this wasn’t the primary time Solana confronted a problem. In August 2022, many Solana homeowners reported that their funds have been regularly vanishing. Later, it was discovered {that a} hacker was draining hundreds of thousands from on-line wallets.

Furthermore, regardless of an tried repair from the blockchain’s finish, Solana customers didn’t appear fairly impressed. Some customers took to Twitter to share their grievances, whereas others trolled the blockchain for “yet another feather in SOL’s cap.”

 

 

Can Solana repair the problem at hand? Can it keep away from SOL from falling into additional losses? When will Solana give you a constructive answer? All these questions can solely be answered after Solana’s subsequent replace.

As of this writing, Solana’s official staff was but to reply on the given matter.

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