Solana (SOL), which is worth close to $ 50 billion, was completely stopped for more than 10 hours, and no one was able to trade in the meantime.
Having such a problem with Solana, which is noted for its incredible speed and ability to process thousands of transactions per second, literally caused an earthquake in the crypto money industry.
Why did the Solana network stop?
The problem with the Solana network has been solved, but now many people wonder how something like this happened.
Solana CEO Anatoly Yakovenko said in a statement on the matter that this is actually caused directly by bots on the Raydium platform.
Anatoly emphasized that bots that want to participate in IDO (presales) on Raydium overload the network to capture and buy tokens on their first market entry.
raydium bots gone trying to fire the tokens on launch
– Anatoly Yakovenko (@aeyakovenko) September 14, 2021
Although the capacity of the Solana network is much greater than that of networks such as Ethereum or AvalancheX, the continuous processing of thousands or even hundreds of thousands of transactions by bots has clogged the network and caused critical messaging on the network. fail.
On the Solana network, messages are also sent as a transaction, so when the network was clogged, important messages could not be sent and the network stopped.
Solana’s developers saw fit to reboot the network, and the network rebooted. Although the network is starting to return to its original state for now, it is quite normal for investors to remain concerned, especially after such a situation.