• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Join Lightchain AI
No Result
View All Result
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
👆 BUY LIGHTCHAIN HERE 👆
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Ripple And SEC Reach Major Deal: Remaining $75M Penalty Returned, Injunction Lifted
Solana SOL

Can You Switch Off Solana? There Is A 6-Figure Reward Waiting For You

Dalmas Ngetich
by Dalmas Ngetich
2 years ago
·
Posted in Solana
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Jacob Creech, Solana’s Head of Developer, reminds the broader community that the team will reward anyone with $400,000 in SOL, the platform’s native currency, if “switch off” or halt the high throughput network. Taking to X on October 13, Creech encouraged interested white hacks and coders to head over to their repository and begin penetration tests. 

Solana Bug Bounty Program

The executive also linked Solana’s GitHub, where interested coders could learn more about the bug bounty program. The Solana bounty program rewards different amounts to white hacks depending on the severity of the vulnerability. Those who successfully halt the blockchain’s consensus will receive $400,000 in locked SOL for a year.

Related Reading: Is Grayscale GBTC Signaling An Imminent Bitcoin Breakout?

Solana is a highly scalable network and one of Ethereum’s top competitors. Through its architecture, it can process more transactions than legacy chains, including Bitcoin (BTC) or Ethereum (ETH), which can manage 7 and 15 transactions per second (TPS), respectively, when working optimally.

Solana remains popular, and its developers have gradually enhanced the platform, making it more performant and reliable. However, though Solana has high throughput, there have been multiple occasions when its reliability has been questioned. 

Solana price on October 13| Source: SOLUSDT on Binance, TradingView
Solana price on October 13| Source: SOLUSDT on Binance, TradingView

Public ledgers like Solana should maintain a high level of reliability, close to 100%, because of the distribution of its validator nodes. These nodes are supposed to remain online, ensuring that every transaction posted is confirmed to be valid and added to a block. This, on some occasions, has not been the case for Solana.

Will Firedancer Client Make The Network More Reliable?

Since launching, the smart contract platform has been halted over five times at diverse dates in 2022. Records show that in the first half of 2022 alone, the blockchain stopped working for 11.5 hours. The error was primarily related to node updates, which were resolved moments after the effect of the bug halted the network. 

Developers also noted that Solana stopped without apparent reason, as recorded in April and September 2022. The latest network halt was in late February 2023 when, due to a validator node update, some validators couldn’t confirm blocks, forcing the network offline.

Since the last halt in February 2023, Solana has remained online despite a notable spike in non-fungible token (NFT) activity in Q2 2023. Usually, an uptick in network requests can lead to network halts. Analysts blame the lack of client alternatives as the reason for the downtime. This will change once Solana releases the Firedancer client by Jump Crypto in an upgrade scheduled for the second half of Q4 2023. Firedancer will be the second validator client.

Related Reading: Binance Received Almost $200M In Bitcoin Inflows As BTC Fell Below $27,000: Data

Specifically, Firedancer aims to enhance network performance, especially scalability and reliability, while concurrently making the platform more decentralized. Developers say the Firedancer client will be more robust, meaning it will be less susceptible to bugs and outages.

Feature image from Canva, chart from TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Dalmas Ngetich

Dalmas Ngetich

Follow

Dalmas is an experienced journalist with over a decade in Forex, general finance, technology, and blockchain developments. He is currently a crypto reporter for Bitcoinist, where he covers DeFi, blockchain, DeFi, and latest industry news. His work and that of his partners have been featured in top news outlets, including Forbes, investing.com, CoinTelegraph, and Entrepreneur, among others. He is passionate about technology and politics and is always on the lookout for the latest trends in these fields. He also loves spending time with his family and friends, exploring nature, and traveling to new places. Connect on X: @Dalmas_Ngetich, or message him directly on Telegram here: @Dalmas_Ngetich.

Full Profile

Related Posts

Solana news

Solana Under Fire Again — Expert Reveals Why It Isn’t Out Of Beta Yet

3 weeks ago
Solana

Solana Builds Momentum For An Explosive Rally As Key Chart Pattern Takes Shape

3 weeks ago
Solana news

Solana Inflation Reform Gets Second Try From Galaxy Research

4 weeks ago
Solana

Solana Eyes Market Shift: Key URPD Indicator Forms The Largest Supply Cluster

4 weeks ago
Solana news

Solana Rolls Out Confidential Balances For Private Token Transfers

1 month ago
Solana

Solana DeFi Ecosystem Strengthens: TVL Climbs To Highest Level In Nearly 2 Years

1 month ago

Premium Sponsors

Press Releases

  • CoinACE Throws Open the Doors to Risk‑Free...

    19 minutes ago
  • STAU Foundation Announces Official Listing of Digital Gold...

    25 minutes ago
  • Ripple (XRP) holders earn $78,597 per day through ALL4...

    1 hour ago
  • HODL 2025 opens in Dubai, advancing the Emirates’...

    3 hours ago
  • Tradoor Unveils ‘Fastest DEX on TON’ Following $3.2m in...

    3 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Join Lightchain AI

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.