June 4, 2023

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Solana Foundation operates RPCs or Remote Procedure Call protocols. However, on account of the current reign of terror on Solana unleashed by the FTX collapse, many of its RPCs have gone offline.

The bug in the validator for Solana Foundation RPCs is seen as the main cause of the lag. The bug was introduced as a result of the test release 1.14.

Solana has posted that the bug has impacted the nodes that are connected to these public RPCs on the blockchain network. The status update also called to return to the nodes to revert to the previous version, namely 1.13.

Meanwhile, despite the technical and price momentum issues inflicting the Solana network, it has managed to remain online.

Solana Network Suffered Major Outages in the Past

Despite the public RPCs on the Solana network going offline, the devs have managed to keep the main Solana blockchain predominantly functional.

Under these circumstances, there are some private RPCs on Solana for companies like QuickNode, Triton, and Alchemy. All of these corporations are still online and available for usage.

Austin F. is the head of Communication and Strategy at Solana Foundation. Speaking to the media, he informed that the bug had impacted the performance of the nodes that are directly operated by the Foundation.

He also ensured that the private nodes were fully functional and active. At the same time, the blockchain operations for the Solana network are also intact and online.

Solana blockchain has a history of suffering from technical ailments and frequent outages. The Solana users had to deal with around 14 outages alone last year within four days. On the other hand, Solana has often touted itself as a major competitor for the Ethereum blockchain.

Also Read:  Elon Musk and Edward Snowden Issue Positive Projections for Bitcoin Despite FTX’s Bankruptcy

Raj Gokal, the co-founder of Solana, tweeted that daily addresses on Solana have surpassed in comparison to Ethereum using data projections from Artemis.

The Solana network also suffered from a massive loss of traction on account of its association with the infamous cryptocurrency exchange FTX. Meanwhile, the Solana community is currently flocking around a new sensational meme coin called the BONK Inu token.

This token has reportedly gained 1000% during the first week of the New Year and helped in increasing trading volume for the Solana Blockchain.

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