Thursday, December 26, 2024
HomeCoins NewsSolanaPhantom pockets has been floundering for nearly 3 hours amid excessive demand...

Phantom pockets has been floundering for nearly 3 hours amid excessive demand for the GRASS drop

- Advertisment -
- Advertisment -

Phantom service pockets supplier skilled practically three hours of downtime on October 28 amid a rush by customers to say GRASS tokens. Customers on X have reported lacking balances and the shortcoming to make transactions.

In response to Phantom Standing, the service was brought on by a significant incident with the again of the pockets unresponsive at 13:36 UTC and again reside at 16:20 UTC. It’s the second time Phantom providers have ended this month, with an 8-minute outage reported on 3 October.

- Advertisement -

After fixing the issue, Phantom shared to X that his crew will “proceed to actively monitor the state of affairs” and added that the mandatory steps might be taken to stop related issues.

As well as, Phantom reported 12 main backend incidents in 2024, 7 of which occurred on February 1st, totaling practically one and a half hours of downtime. Two days later, on February 3, the pockets supplier reported delay with token balances.

Since April of this 12 months Phantom reported 7 million customers, making this shortcoming rapidly seen by Solana customers.

In the meantime, the Solana community's methods remained totally operational when Phantom went down, as Solana Standing knowledge reveals the overall uptime for the final 90 days.

- Advertisement -

Stoppage in the course of the touchdown

Notably, Phantom's issues started six minutes after the request for GRASS tokens went reside, prompting observers to attach the 2 occasions as customers went to say rewards for interacting with the protocol.

The tokens are native to the Solana-based Grass Decentralized Bodily Infrastructure (DePIN) community and are used to reward customers who lend unused Web bandwidth. The community capability is then used to coach and fine-tune synthetic intelligence fashions.

Official grass documentation reveals that 100 million GRASS tokens might be distributed on this first drop, representing 10% of the availability.

- Advertisement -

The value of GRASS fluctuated at this time. It fell 28% to $0.65 an hour after its launch and has recovered 9% since then. In response to knowledge by CoinGecko, the token worth is $0.71 on the time of writing.

Talked about on this article
- Advertisment -
- Advertisment -
RELATED ARTICLES
- Advertisment -
- Advertisment -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

- Advertisment -
- Advertisment -