Solana (SOL) Experienced Eighth Network Outage In 2022

According to statistics from Solana, a faulty node led the Solana network to cease processing transactions and go down on Friday. This was the fourth significant network outage for the well-known blockchain since January, when it had a succession of partial outages throughout most of that month. The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available. — Solana Status (@SolanaStatus) October 1, 2022 Last Year’s Network Outage After a roughly 18-hour network outage in September of last year, this one occurs now. Last year, Solana encountered a significant obstacle when its blockchain network was unavailable for more than 17 hours beginning on September 14. In its initial investigation of the incident, the Solana Foundation provided additional insight into the reason. Meanwhile, SOL, the ninth-ranked cryptocurrency by market size, has dropped 81% in 2022 due to the severe crypto winter. Solana Validator Behind Stakewiz.com The Solana Status website, run by the Solana Foundation, reported on Friday night that the network was experiencing decreased performance and that Solana developers were trying to figure out the problem. The Solana validator behind Stakewiz.com tweeted that the event appeared to be a misconfigured node that had caused an irrecoverable net...