Solana Network Struggling with Crises: Has the Network Failed?

wither network has come up with its problems frequently over the past year. In November, it recorded huge price drops with the collapse of FTX. As a matter of fact, in the recent news, the operators detected a pause today. Users also expressed on social media that they have difficulty in trading using the network.

Is Solana Network Closed Again?

According to SolBlaze, a stake pool built on Solana, the struggling network has not shut down. However, a major fork event is in progress, planned in Mainnet-beta. This has slowed down validators trying to resolve forks.

He added that the network is moving moderately and confirming blocks at 16 TPS. Verifier operators and Solana engineers are trying to identify the underlying problem. However, the root cause is still not identified, but some potential fixes are being made.

SolBlaze stated that nothing has been confirmed yet. However, the incremental downgrade (v1.14 > v1.13) issue may be buried in the major v1.14 upgrade that was recently released. Meanwhile, attempting a networked reboot is considered a last resort.

He then added that the validators are trying to downgrade from v1.14 to v1.13 in question. However, v1.14 received great acceptance on February 25, 2023 and it is speculated that this may be the current network issue.

Meanwhile, Solana LabsIt is recommended not to downgrade since there is no official notification from . It highlights the decentralized lowering of nodes. However, a possible reboot attempt is being coordinated if the downgrade attempt does not resolve the issue.

You can follow the current price action here.

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