The developers have fixed the runtime bug that caused the last Solana network outage on June 1st.
According to a report published by Solana Labs on June 5, Solana’s fifth outage in 2022 was caused by a bug in the “nonce durable transactions feature” that caused the network to stop producing blocks for approximately four and a half hours.
“in 2022 it was caused by a bug in the “nonce durable transactions function” that caused the network to stop producing blocks for approximately four and a half hours..”
“Durable nonce transactions will not be processed until the mitigation is applied and the feature is re-enabled in a future release,” they added.
The term durable nonce transactions refers to a type of transaction in Solana that is designed not to expire, unlike a normal transaction on the network which usually has a short lifetime of around 2 minutes. before a blockhash gets too old to be validated.
It is typically used to support pathway-linked transactions such as escrow services, which require more time than usual “to produce a signature for the transaction”according to Solana’s documentation.
Solana Labs noted that durable nonce transactions require a “separate mechanism to prevent double processing, and are processed serially”, however, a runtime bug occurred after a durable nonce transaction was processed as a regular transaction and failed, but then resubmitted and caused the network to stop.
“After processing the failed transaction, but before reusing the nonce, the user resubmitted the same transaction for processing. This resubmission triggered the bug at runtime”, says the report.
The price of Solana’s native asset, SOL, SOL has fallen by approximately 13.9% since the mainnet outage on June 1 and stands at $39.08 at the time of writing this article. However, investor appetite to trade the asset has only increased as trading volume in 24 hours has increased by 61% to reach USD 2,141 million in that same period of timeaccording to data from CoinGecko.
Data from Solana-focused analytics platform Hello Moon shows that the total value moved on-chain (successfully) in terms of a seven-day moving average has fallen significantly since the end of March.
After reaching an all-time high of about $3.18 trillion on March 24, the figure has dropped to about $159.71 billion on June 4.
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