Solana Suffers Setback After Network Is Flooded With Transactions
- Ethereum rival fell by 15% over 24 hours following a denial-of-service disruption.
- As per reports, a high number of transactions overwhelmed the network.
- Other blockchains suffered setbacks on the same day; Arbitrum One and Ethereum.
Major Ethereum rival — Solana (SOL), has shed 15% of its value over the past 24 hours following a denial-of-service disruption. The entire world watched and participated as the blockchain fell from grace.
September 14, 2021, saw Solana Status’ Twitter account announcing the instability of Solana’s mainnet beta at 12:38 PM UTC. It shared on Twitter that the mainnet has been suffering intermittent instability over a 45-minute period.
1/ Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. These transactions flooded the transaction processing queue, and lack of prioritization of network-critical messaging caused th...
Read more: https://coinquora.com/solana-suffers-setback-after-network-is-flooded-with-transactions/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
