Solana Prioritizes Stability After Suffering Repeated Outages

• Solana Labs forms an “enemy team” to address blockchain stability issues after repeated outages; a team consisting of almost a third of Solana engineers, with a focus on improving stability for 2023.
• Solana experienced an 18-hour network outage on February 25, with the cause still under investigation; engineer suggested downgrade to earlier version 1.14. The previous outages occurred in September 2021 and May 2022.
• SOL is down 0.4% in the last 24 hours, trading at $20.82; the recent launch of the NFT collection and meme coin helped Solana regain market value. Ethereum founder Vitalik Buterin praised Solana’s smart developer community, contributing to the price increase.

Following repeated outages on their systems, Anatoly Yakovenko, co-founder of smart contract platform Solana, recently revealed that Solana Labs, an organization dedicated to improving the Solana blockchain, has formed a “counter team” to improve blockchain stability. The team will have nearly a third of Solana’s engineers.

“The priority for 2022 is to deliver new features and tools. 2023 is stability,” he said tweeted.

On February 25, Solana experienced a network outage which resulted in a halt in processing user transactions. Unfortunately, the outage lasted 18 hours as their technicians were unable to determine the cause of the problem.

Currently, the cause of the blackout is still under investigation. The engineers also suggested that Solana should downgrade to a previous version as the outage may be related to its latest update, version 1.14.

Prior to that, Solana also experienced disruptions in previous years. In September 2021, Solana experienced issues with several of their nodes on their smart contract chain and ended up going offline after the network had trouble handling higher than normal loads. In May 2022, the platform experienced a 7 hour outage after a bot tried to create an NFT on 4 million transactions per second.

Currently, the price of SOL is down 0.4% in the last 24 hours and is trading at $20.82, according to data from CoinGecko.

In January, the BONKz non-fungible token (NFT) collection was launched on Solana–which sold out four hours after release. The BONK token partner was launched on the Solana blockchain last December. It is a meme coin imitating the popular Shiba Inu (SHIB) dog themed token, 24 hours after launch, the price of this coin has increased by 150%. The digital asset launch helped Solana regain market value after SOL fell below $10 for the first time in almost two years.

Ethereum founder Vitalik Buterin also praised the platform stating that there were “some smart people” who told him that “there is a community of really smart developers at Solana.” His comments also helped increase the price of Solana. (Read more: After Receiving Positive Reception from Ethereum Founders, Solana Is Now Back Above $10)

This article was published on BitPinas: Solana Prioritizes Stability After Repetitive Outages

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