News from the block

Solana experienced a 5-hour network outage

Solana, deemed to be one of the fastest blockchains among its peers, experienced a 5-hour outage last week that required the network to be restarted.

“Engineers from across the ecosystem are readying a new validator software release, which includes a patch to address an issue which caused the cluster to halt. Validator operators should prepare for an upgrade and restart of the network,” read a status update from Solana on X.

The price of SOL dipped 3% following news of the outage but quickly recouped 2% of its losses . The Solana network has a chequered history with outages, but, up until now, has been running without incident for more than a year.

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