The crypto market remains unpredictable, and Solana once again fell after its blockchain suffered a second outage in the past month.
Due to the outage, Solana validators could not process new blocks for several hours. The block production was put to a halt due to a bug. In a series of tweets, Solana explained the situation.
“Earlier today, a bug in the durable nonce transactions feature led to nondeterminism when nodes generated different results for the same block, which prevented the network from advancing,” wrote Solana. “Engineers are readying new releases (v1.9.28/v1.10.23), which temporarily disables the durable nonce transactions feature until a patch is released.”
The outage lasted over four hours, and to solve the situation, Solana validators had to restart as instructed by its Twitter page. While there may have been fears about something going on, Solana reassured people that the network and funds were secure.
“Network state is secure, as are funds,” confirmed Solana. “Validator operators are coordinating a restart from the highest confirmed block in public on mb-validators in Discord.”
The cryptocurrency is no stranger to outages as it has suffered from them multiple times in the past year and a half. This year, Solana faced its worst outage in January, with the network crashing every day for seven consecutive days. The outage also caused a plummet in interest in Solana NFTs.
Okay Bears, Solana’s biggest NFT collection, showed a decreased user interest. In addition, trading Volumes of other popular NFT collections like Trippin’ Ape Tribe, DeGods, and FatCats Capital also dropped.
Solana is currently ranked ninth on CoinMarketCap as SOL joins the likes of Bitcoin, Ethereum, Tether, USD, Binance, XRP, Cardano, Binance, and Dogecoin as the top crypto assets on the market. Through the years, Solana has gained momentum thanks to the NFT and DeFi ecosystems for its speed and price, compared to Ethereum. The two factors pit SOL as the rival to Ethereum.
As of this writing, Solana is valued at $38.68.
