Ethereum – Following six-hour outage, Solana attracts criticism and help

Yesterday, a virtually six hour community outage from Solana, a layer-one blockchain recognized for its excessive throughput, drew each jeers and help from merchants and builders throughout the sensible contract area. 

“At approximately 1:46pm UTC on December 4th, 2020, the Solana Mainnet Beta cluster stopped producing blocks at slot 53,180,900, which prevented any new transactions from being confirmed,” a stay replace weblog publish from Solana reported.

The outage lasted roughly 5 and a half hours earlier than over 200 Solana community validators, representing over 80% of the stake weight of the community, efficiently initiated community restart directions and started producing blocks once more.

“We would like to thank the passionate and diligent global network of validators who identified this issue and coordinated to restart the network,” mentioned the Solana crew.

A autopsy on the community interruption is forthcoming.

Solana’s founder and CEO, Anatoly Yakovenko, has beforehand mentioned that he embraces competitors between layer-one protocols, and that it may assist to breed “excellence.” Solana’s SOL token is up over 5% to $1.97 on a 24-hour foundation, following a dip yesterday the place the token bottomed at $1.85.

Critics throughout the Ethereum group, in addition to different layer-one rivals, had been fast to put into Solana’s troubles on Twitter yesterday.

One observer observed that trades on Serum, the Solana-native decentralized exchange constructed by centralized exchange FTX, had processed few BTC trades within the hours after the interruption, implying that there was little demand for the companies past buying and selling “bots:”

For his half, Sam Bankman-Fried, the CEO of FTX, appeared to take the jostling in stride:

Nonetheless, not everybody throughout the sensible contract area took the chance to pile on the troubled layer-1 protocol. 

Hudson Jameson, a researcher on the Ethereum Basis, praised the Solana crew for his or her “quick reaction and prompt recovery,” noting that Ethereum has skilled its fair proportion of “network emergencies.”

One other Ethereum Basis alumni, Nick Johnson, additionally identified that with Ethereum mired within the lengthy strategy of rolling out, it could be smart to withhold bullying: