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Here's What Caused The Solana Blockchain Halt On Wednesday

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Here's What Caused The Solana Blockchain Halt On Wednesday

The Solana (CRYPTO: SOL) network was forced to stop block production for four hours on Wednesday.

What Happened: Validators reported the issue around 1 p.m. ET on the Solana Status Twitter page.

The bug was related to the “durable nonce” feature of the blockchain, which caused the network to consider some blocks invalid, and as a result consensus cannot be reached.

Around 5 p.m. ET, Solana validators brought the network back online by way of a restart.

Solana is considered an Ethereum (CRYPTO: ETH) killer because of its high-speed transactions with lower transaction fees. However, multiple outages over the last few months have made some industry proponents question the network’s reliability.

See Also: HOW TO BUY SOLANA (SOL)

Price Action: SOL was down 13% over the last 24 hours, as per data from Benzinga Pro. The cryptocurrency is down 84% from its all-time high of $259.

 

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Posted-In: Anatoly Yakovenko Ethereum SolanaCryptocurrency News Markets Best of Benzinga

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