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The Solana network has suffered from multiple outages, with the latest one happening on June 1. The outages have raised questions over the reliability of the Solana network, given that users of decentralized applications (DApps) based on the network suffer immensely because of these outages.
Solana developers fix bugs
A report released by Solana Labs on June 5 said that the latest outage on the network was caused by a bug in the “durable nonce transactions.” The bug made the network stop producing blocks for around four and a half hours.
“The durable nonce transaction feature was disabled in releases v1.9.28/v1.10.23 to prevent the network from halting if the same situation were to arise again,” the report added. Durable nonce transactions cannot process transactions until the issue has been mitigated.
Your capital is at risk.
Durable nonce transactions are a type of transaction on the Solana network that has been designed to be long-lived. The transactions operate differently than the normal transactions on the network that have a short life of around 2 minutes before the blockhash becomes too old to be validated.
Transactions on the network are linked to several services, such as custodial, which needs extra time to process compared to the usual. More time is needed to generate a signature that will be used for the transaction according to the data provided by Solana Documentation.
According to Solana Labs, durable nonce transactions need a different mechanism to prevent issues such as double transaction processing. A runtime bug will be avoided when a durable nonce transaction has been processed as a regular transaction but has failed.
The Solana report also added, “After the failed transaction was processed, but before the nonce was used again, the user resubmitted the same transaction for processing. This resubmission activated the bug in the runtime,” the report added.
Solana prices make significant losses
The value of the SOL token has recorded a significant plunge since the latest network outage. The token’s value was trading at $39.51 at the time of writing after plunging by double-digits during the past 24 hours. The trading volumes for the token have also increased significantly.
The data provided by Hello Moon also shows that the total value locked (TVL) has also decreased significantly since the end of March. The TVL reached an all-time high towards the end of March, but it has since dropped significantly.
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