{"id":256,"date":"2021-12-11T15:24:25","date_gmt":"2021-12-11T15:24:25","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=256"},"modified":"2021-12-11T15:24:26","modified_gmt":"2021-12-11T15:24:26","slug":"did-solana-suffer-another-network-outage","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=256","title":{"rendered":"Did Solana Suffer Another Network Outage?"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>Share this article<\/p>\n<p>Another Raydium AcceleRaytor IDO caused major congestion on Solana yesterday. Although transaction confirmations slowed, it appears the network did not suffer an outage this time.<\/p>\n<h2><strong>Solana Transactions Slow<\/strong><\/h2>\n<p>Solana keeps having trouble processing transactions.<\/p>\n<p>The high-throughput blockchain saw its transaction speed per second drop roughly 50% yesterday as users scrambled to participate in Raydium\u2019s latest AcceleRaytor initial DEX offering (IDO). Although many users were frustrated that their transactions took longer to process, the network did not go offline as it did during a previous IDO.<\/p>\n<p><em>Solana\u2019s transactions per second during the IDO. (Source: explorer.solana.com via @0xrooter)<\/em><\/p>\n<p>Projects use initial DEX offerings to launch their tokens and sell them to the public via a decentralized exchange, otherwise known as a DEX. Distribution methods vary, but for many, an IDO is a chance to buy a project\u2019s tokens early before it increases in value.\u00a0\u00a0<\/p>\n<p>Yesterday\u2019s IDO was for Realy, a Metaverse project on Solana aiming to combine social networking, e-commerce, gaming, and trading. Like many other Raydium IDOs before it, allocations for the Realy offering were highly sought after. In order to gain an edge during the IDO, many tech-savvy investors deployed bots to have their transactions processed faster.\u00a0<\/p>\n<p>This practice of using bots on Raydium IDOs has severely affected the Solana network in the past. In September, bots interacting with Raydium\u2019s IDO for Grape Protocol clogged the network with transactions, causing it to halt. The network stayed down for approximately 18 hours as Solana developers and node operators endeavored to bring the network back online.<\/p>\n<p>It\u2019s possible that fixes implemented since the Grape Protocol IDO helped Solana stay online on this occasion, despite the high network traffic caused by bots. Crypto Briefing reached out to Solana Labs co-founder Anatoly Yakovenko for comment but did not receive a response at press time.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing this feature, the author owned SOL and several other cryptocurrencies.\u00a0<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">Solana Rallies Following 18-Hour Outage<\/h3>\n<p>\nThe Solana Foundation reported a denial of service attack that took the blockchain down for 18 hours yesterday. Now that the network is back up, SOL appears to be making&#8230; <\/p>\n<h3 class=\"title\">What is Rarible: A DAO for NFTs<\/h3>\n<p>\nWhat was once dismissed as a silly and expensive sector,\u00a0NFTs\u00a0give creators access to global markets in a way that\u2019s never been possible before, and it\u2019s all thanks to blockchain.Those familiar&#8230; <\/p>\n<h3 class=\"title\">Anatoly Yakovenko Reflects on Solana\u2019s Breakout Year<\/h3>\n<p>\nCrypto Briefing sits down with Solana Labs CEO and co-founder Anatoly Yakovenko at the first edition of Solana Breakpoint. Solana Heads to Lisbon Regardless of where you\u2019re looking in the&#8230; <\/p>\n<h3 class=\"title\">How Decentralized Is Solana?<\/h3>\n<p>\n Solana has gained many new users this summer thanks to its fast transactions and low fees. However, critics have pointed out that the network may not be as decentralized as&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/did-solana-suffer-another-network-outage\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Share this article Another Raydium AcceleRaytor IDO caused major congestion on Solana yesterday. Although transaction confirmations slowed, it appears the network did not suffer an outage this time. Solana Transactions Slow Solana keeps having trouble processing transactions. The high-throughput blockchain saw its transaction speed per second drop roughly 50% yesterday as users scrambled to participate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":257,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=256"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/256\/revisions"}],"predecessor-version":[{"id":258,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/256\/revisions\/258"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/257"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}