RPCs are not online however the Solana Network is still operational

According to Solana Status, the bug affected nodes that had installed the most recent test version. It advised users using the node to upgrade to 1.13.

Network is still operational

The nodes that link decentralized programs and digital wallets to the blockchain are known as RPC endpoints. The network was unaffected by the interruption, and block generation is continuing as usual. This is due to the fact that private RPCs made by companies like QuickNode, Alchemy, and Triton are still usable.

Austin Federa, the Solana Foundation's Head of Strategy & Communications, said that the flaw only affected nodes managed by the foundation. He claims that business with private suppliers is doing well.

Considering the network's past, this is a positive improvement in the meanwhile. 14 outages that affected Solana last year lasted for a total of 4 days, 12 hours, and 21 minutes. In October 2022, there was a system outage that was brought on by a node problem. The community became concerned about its sustainability as a result of these interruptions.

Solana Gradually Recuperates From 2022 Terror

While this is occurring, the layer1 blockchain, which had a terrible year in 2022, is off to a fantastic start in 2019. Solana co-founder Raj Gokal, citing statistics from Artemis, stated that the networks daily registrations topped that of big rivals like Ethereum, Polygon, etc., as of Jan. 5.

Its native token, SOL, has already seen its value climb by 37% in the previous week, trading at $13.65 as of press time. Given that it traded for as little as $8 in the latter weeks of 2022, the network is pleased with the price performance. As of the time of publication, the digital asset had risen to the position of 14th biggest online property by market cap.

In addition, it seems that the Solana neighborhood has united behind a brand-new memecoin that has swept the internet by storm. In the first week of 2023, the value of the Bonk Inu token increased by over 1000% and increased network engagement. “Represents the best of Solana,” the token claims.

About Solana

Among the approximately 10,000 cryptocurrencies that are now in existence, Solana is among the most well-known. A sol is a single cryptocurrency unit, and Solana is the name of the cryptocurrency platform.

Solana, developed by Anatoly Yakovenko, utilizes a blockchain-based decentralized computer network. This blockchain database basically keeps a permanent record of each transaction that has ever taken place in the currency, managing and tracking it like a long-running receipt. The monetary transactions are tracked by the computer network, which also checks the accuracy of the data.

The system is much more stable because of this decentralized architecture, and users may execute business without the aid of a middleman. The Solana blockchain claims to be the quickest in the world and boasts that it can verify 65,000 transactions per second for less than one penny apiece.

While many people simply think of cryptocurrency as a method of payment, it's more beneficial to consider it as a token that can fuel or allow other platform-based applications. Solana, for instance, can enable NFTs, decentralized finance apps, smart contracts, and more.

As a reminder, WikiBit is ready to help you search the qualifications and reputation of projects in a bid to protect you from hidden dangers in this risky industry!

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