Coinbase, the US cryptocurrency exchange, has reported issues affecting managed access to Solana.
Haseeb Qureshi, managing partner of Dragonfly Capital, expanded by saying that custodians cannot move Solana to refrigerated warehouses. He added that the problem was in the same “durable nonce” bug that caused a four-hour massive network outage on June 1.
Custodians do not seem to be able to move SOL in refrigerated storage due to the durable nonce bug that defeated Solana.
(TL; DR: Solana does not use nonce except for a special type of transaction called a “persistent transaction” for offline use. This is disabled.)https://t.co/6HSiWHnGAj pic.twitter.com/pA7xzLlgSE
— Hassseeb (@hosseeb) June 8, 2022
Following a series of network outages, the pressure on Solana is increasing. The suspension on June 1st 12th of such cases From the beginning of 2022.
Notification of Coinbase issues
Cresi’s Tweet It included a screen grab for Coinbase notifications to notify the user of the situation.
CoC transactions via Prime Vault and Custody have been temporarily disabled. Features include creating, withdrawing, and staking new wallets. However, deposits on existing wallets are not affected.
The company said the issue affects not only Coinbase, but other Solana custodians as well. And they are waiting for Solana developers to reactivate the feature.
“Once the Solana network is able to take advantage of this feature again, we are enthusiastic about upgrading the system.”
Durable transaction nonce Is a Solana-specific function used for transaction block hashes when transferring nonce account permissions to new permissions. This feature supports account ownership arrangements. Quereshi commented that this feature is disabled.
Some social media commentators point this out as further evidence of cracks within the project.
Solana seduces developers with a $ 100 million investment fund
Meanwhile, Solana Ventures has partnered with the Solana Foundation to launch a $ 100 million fund for Korean web3 startups, especially game studios and platforms operating in the GameFi, NFT and DeFi sectors.
Johnny Lee, general manager of games at Solana Labs, said the fund is particularly interested in Web3 games. Lee said the Korean gaming industry is heading in this direction.
Part of the funding is also aimed at helping developers affected by the Terra disaster. $ 60 billion Lost, causing community crisis and further scrutiny by regulators and lawmakers.
However, given the issue of Solana network outages, the jury will decide if a developer wants to risk building on the platform, even with financial incentives.
