Solana Alami Network Disruption For Five Hours

Solana's network was interrupted. (Photo; Doc. Solana)

Solana, a blockchain platform that offers high speed and scalability, experienced network disruptions on Tuesday, February 4, 2024. This disruption caused the Solana network to stop processing new blocks for approximately five hours, from 10.00 UTC to 15.00 UTC. As a result, all transactions and applications running on the Solana network were temporarily suspended.

According to an official report from the Solana Foundation, the cause of this disruption is the problem with the BPF loader, a component responsible for loading and running smart programs on the Solana network.

This problem causes Solana's network to experience a tremendous gain, reaching more than 400,000 transactions per second (TPS), which far exceeds its normal capacity. This then triggers consensus errors, which result in Solana's network unable to reach an agreement on transaction sequences.

To solve this problem, Solana developers and validators must restart the network using a repaired version of the software. This restart process takes about four hours and involves coordination of more than 1,000 validators spread around the world. Once restarted, the Solana network returns to normal operations and processes new blocks.

This Solana network disruption had a negative impact on the price of the SOL coin, which is the original currency of the Solana platform. According to data from CoinMarketCap, the price of SOL fell 13.8% in the last 24 hours, from US$96.32 (Rp 1.5 million) to US$83.04 (Rp 1.3 million) at 16.00 WIB. The price of SOL is also far from the all-time high achieved in January 2024, which is US$214.22 (Rp 3.3 million). The volume of SOL trading has also decreased 34.6% to US$3.2 billion (Rp 49.9 trillion) in the last 24 hours.