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Benzinga
Benzinga
Business
Samyuktha Sriram

HISTORICAL FACTS: Here s what caused the solana blockchain halt on wednesday - Caught on Camera

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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