Danny is Coindesk's chief data editor. He is the owner of BTC, ETH and SOL.
The deep freeze of the Solana network continued on Saturday as validators prepared a second attempt at rebooting and hoped to restore service to blockchain users.
New York hour, Validators who operate Solana's infrastructure have long concluded that the best way to straighten the chain would be to synchronize a reboot with a bifurcation of the chain. An initial attempt was aborted when validators realized they had chosen the wrong reboot point, which extended the time.
Issues that began as slow transaction processing have escalated into an almost complete closure of the solana business, validators and developers said coindesk. The bulk production of the chain has stopped and the transactions are neither in process nor in the process of validation.
For channel users, that's not possible. Their crypto chain assets are immutable, frozen in place until the critical backbone infrastructure is put back into service.
A few hours after the start of the crisis, the main voices of the solana ecosystem were always trying to identify a culprit. One theory was that a "block of grease" burned down the mechanics of the blockchain. In particular, the network was moving towards an updated release shortly before its problems began.
At the time of the press, the validators, working together with the developers of Solana Labs, were again trying to restart the channel and had obtained about 70% of the total participation behind the movement. They need a supermajority of 80% to move forward.
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Danny is Coindesk's chief data editor. He is the owner of BTC, ETH and SOL.
Danny is the editor-in-chief of CoinDesk. He is the owner of BTC, ETH and SOL.