Blockchain News

Solana Network Remains Functional Despite Foundation’s Public RPCs Being Offline

Because of a bug in the Validator client’s test release 1.14, Solana Foundation-managed Remote Procedure Call (RPC) endpoints are unavailable.

According to Solana Status, the bug affected nodes that had installed the most recent test release. It urged those using the node to upgrade to 1.13.

The nodes that connect decentralised applications and wallets to the blockchain are known as RPC endpoints. However, the incident had no effect on the network, and block production continues as usual. This is due to the continued availability of private RPCs from companies such as QuickNode, Alchemy, and Triton.

Austin Federa, Head of Strategy & Communications at Solana Foundation, stated that the bug only affected the foundation’s nodes. Private providers, he claims, are operating normally.

In the meantime, given the network’s history, this is a welcome development. Solana experienced 14 outages last year, totaling 4 days, 12 hours and 21 minutes. The most recent network outage occurred in October 2022 due to a node problem. These outages raised questions about the community’s viability.

Meanwhile, the layer1 blockchain, which had a terrible 2022, is off to a great start in the new year. Solana co-founder Raj Gokal tweeted, citing Artemis data, that the network’s daily addresses surpassed those of major competitors such as Ethereum, Polygon, and others as of January 5.

Its native token, SOL, has also increased in value by 37% in the last week, currently trading for $13.65 as of press time. The network’s positive price performance is a welcome development, given that it traded for as little as $8 in the final weeks of 2022. As of press time, the digital asset had risen to the 14th largest digital asset by market cap.

Aside from that, the Solana community appears to have banded together in support of a new memecoin that has taken the network by storm. The Bonk Inu token increased by more than 1000% in the first week of 2023, attracting increased network activity. According to the token, it “represents the best of Solana.”

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