Solana suffers 7th outage as bots scramble for NFTs By BTC Peers
[ad_1]
Solana is hit with a 7th Outage by bots as they scramble to find NFTsWhile the network crumbled under the high demand for Otherside NFTs over the weekend, Solana’s proof-of-stake (PoS) is battling with another type of demand. NFT minting robots have wiped validators from consensus seven times in 2022. This crashing of the network took place over several hours.
Contrary to Ethereum where customers have to pay more for gas to accelerate their transactions, Solana’s fastest fingers win. It has also led to an increase of NFT minting robots, which bombard the network daily with millions upon transactions.
On Saturday, Solana experienced seven hours of downtime due to millions in transactions coming from NFT minting Bots. The network experienced a record breaking four million transactions and 100 gigabits per second at around 8 PM UTC Saturday. Solana was thrown into disarray by the sudden surge in transactions. After validators had successfully restarted their mainnet, the network did not come back online until Sunday at 3:00 PM UTC.
At 3:00 am UTC Validator operators succeeded in completing a Cluster Restart of Mainnet Beta. It was completed after a 7 hour-long outage that followed the failure to reach consensus. Over the coming hours, network operators and dapps will restore clients’ services. https://t.co/ezqEYQYKWl
— Solana Status (@SolanaStatus) May 1, 2022
Metaplex confirmed these theories by confirming that bots from its Candy Machine are partly responsible for the crash of the network.
Botting on the Metaplex Candy Machine Program caused today’s #Solana beta to drop partially. As part of our larger effort to stabilize the network, we have merged with the Metaplex Candy Machine program and will soon apply a botting penality to it. https://t.co/QaAZT3VxXz
— Metaplex (@metaplex) May 1, 2022
Moving forward, the company will be implementing a 0.01 Solana fee on wallets that attempt to complete an invalid transaction, an act that the firm claims “is typically done by bots that are blindly trying to mint.”
The outage also caused the price of the blockchain’s native token, SOL, to fall by nearly 7% to $84. SOL traded at $88 as of press time.
[ad_2]