Solana recorded the first network outage in 282 days
The Solana blockchain network, known for its high-speed transaction capabilities, suffered a major crash on Tuesday. Validators reported a temporary halt in trading activities due to “performance failure”.
This version shows a pause in the network operations, where the block progress is stopped.
Solana network outage
According to a statement by popular Solana verifier Online on X, the Solana network is being investigated by lead engineers and verifiers to resolve the minnet-beta shutdown.
“Solana Minet-beta is experiencing a performance drop, block progress is currently halted, while lead engineers and validators are actively investigating,” Lane detailed.
Insights from Solana blockchain trackers indicate that the blocking process stopped at 09:52 UTC, calling the network's efficiency into question. Despite this setback, Solana's SOL tokens have not suffered in value, maintaining stability amid the meltdown.
Read more: How to buy Solana (SOL) and everything you need to know
This disruption follows a two-day outage in April 2023 for almost a year, challenging the reliability of the network. As the Solana community expects a faster solution, its focus on maintaining a robust and efficient blockchain ecosystem is critical.
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