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Key takeaways:
Solana went darkish for the third time since April on Wednesday, after a bug brought on community nodes to generate totally different resultsThe community suffered a sequence of partial outages in January, resulting in an uptime of solely 96.4% through the monthIn response to the newest community issues, the worth of SOL took successful and decreased by roughly 10%
Solana validator operators restarted the Solana Mainnet on Wednesday at 9 PM UTC
The Solana (SOL) blockchain went by one other community outage on Wednesday, with block manufacturing halting for about 4 and a half hours.
Per a from SolanaStatus, Solana nodes “generated totally different outcomes for a similar block” on account of a bug. This halted the method of including new blocks to the Solana blockchain. Consumer funds on the Solana blockchain had been unaffected by the outage.
Solana validator operators restarted the Solana Mainnet at 9 PM UTC. On the time of writing, the Solana blockchain seems to be functioning usually.
Solana is among the quickest good contract platforms out there at this time and in addition provides very low transaction charges to its customers (solely 0.000005 SOL per transaction). Nonetheless, Solana has been going through technical difficulties and outages, which has soured some buyers and customers on the community.
In accordance with the Solana Standing web site, the community suffered a sequence of outages in January of 2022, leading to an uptime of solely 96.4% through the month. The community additionally had outages on April 30 and Could 1.
SOL, the native asset of the Solana blockchain, misplaced roughly 10% on the day of the outage. As compared, the overall cryptocurrency market capitalization was down 4.7%. With a $13.7 billion market capitalization, SOL is at present the ninth largest crypto asset by market cap.
The technical difficulties is likely to be a contributor to the poor efficiency SOL has displayed in 2022. The value of SOL is down 76.9% since January 1—88 cash within the cryptocurrency high 100 have carried out higher in the identical time interval.
To be honest, many native property of different blockchain platforms have sustained comparable year-to-date losses. For instance, AVAX is down 77%, and each MATIC and ALGO are down about 76% since January 1. For context, BTC is down 36.6% and ETH misplaced 51% of its worth in the identical time interval.
David is a crypto fanatic and an skilled in private finance. He has created quite a few publications for various platforms. He likes to discover new issues, and that’s how he found blockchain within the first place.
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