On Saturday, there was a network slowness that lasted for many hours.
The Solana blockchain has resumed operation following the second restart attempt. The blockchain resumed when a technical issue caused an hours-long halt on Saturday. The engineers are still keeping an eye on the performance of the network.
As was previously reported, the Solana network crashed early on February 25. The transactions were not being processed by the blockchain as intended. A first network restart was attempted a few hours after the outage but proved unsuccessful, necessitating a second approach.
After hours of downtime, Solana Blockchain has been restored
Solana's monitoring station The patch was made, according to the status, and engineers are still reportedly keeping an eye on the network's performance. The issue was viewed as rectified at that time.
The Solana network has experienced outages of this nature before. Such outages have occurred on numerous occasions in the past. The network's emphasis on enabling a high transaction throughput, which can put great demand on nodes to maintain sync, is mostly to blame for this. After a bug caused a protracted outage in October of last year, the blockchain network experienced a similar restart procedure.
Its pricing is unaffected by the downtime.
The Solana network disruption has little effect on the price of SOL. SOL is now selling at $23.21 at the time of writing. Over the whole interruption, the local cryptocurrency's price barely changed. Yet, the cryptocurrency's price has dropped by almost 1% during the past week.
Such outages have become commonplace and have drawn criticism from the cryptocurrency community. Solana Network, a leading blockchain network that has been compared to Ethereum, has received praise, however it has proven problematic because to its recurrent outages.
