The Solana network has been alerted to a severe chain split, but the cause is unknown. Developers are preparing for the worst-case scenario of restarting the blockchain to patch the bug.
As was Kyptos quick news, in the early afternoon of February 25, 2023 in Vietnam time, the Solana network encountered a “serious chain split problem”, but the cause has not been determined. Transactions on Solana may not be possible.
According to information on Discord Solana, the blockchain began to be forked (forking) around 12:53 PM this afternoon. Immediately after that, the validators’ RAM increased rapidly, but the chain’s transaction throughput dropped dramatically.
Arrived around 2:00 PM Vietnam time, according to the data page Solana Explorerthe network can only process about 93 transactions per second (TPS), much lower than the nearly 5,000 TPS about 15 minutes ago.
After more than 4 hours since the “split” problem was discovered, the Solana developers are still unable to pinpoint the cause and are considering the option of restarting the network to restore operations.
Specifically, validators on the network are moving node software from v1.14 back to v1.13 because they think the new version could be the reason for the problem. If the situation still cannot be resolved, Solana will have to be restarted.
However, validator Stakewiz reassured that the Solana blockchain restart will not reverse transactions that have already been confirmed.
A network restart is likely going to occur in the coming hours, no confirmed user transactions will be rolled back. While the network is limping along in vote-only mode a restart will provide the fastest restoration of normal services to end users.
— Laine ❤️ stakewiz.com (@laine_sa_) February 25, 2023
The fact that the programmers believe that the cause lies in v1.14 is not coincidental, but because earlier in January, the v1.14 test version also encountered technical errors.
And this is not the first time the Solana network has had problems. During 2022, there were no less than 5 times the Solana network “stagnated”. Most of these outages are due to poor resistance to spam bots, which overloads transactions.
Most recently, more than 1,000 nodes were disconnected because of being blocked by a cloud service provider, causing over 22% of SOL staking to not receive transaction confirmation rewards. The most “bad jokes” is probably the May 2022 incident, the network “stands still” for 8.5 hours, behind the record of 18 hours in August 2021.
Solana’s SOL token price is gradually declining in line with the overall market trend, currently trading around $22.74, down about 4% over the past 24 hours.