The Solana blockchain network has resumed operations after a five-hour interruption early Tuesday morning. The outage, the fifth longest in the network's history, began around 09:53 UTC and concluded with block production resuming at 14:57 UTC.
Solana's engineering team swiftly addressed the issue by deploying a new validator software release, version 1.17.20, coupled with a cluster restart by validator operators. The team advised all validator operators to upgrade their software to rectify the problem.
During the downtime, SOL experienced a decrease of more than 3% in its value.
Source: binance
This recent incident adds to a series of intermittent outages experienced by the Solana network over the past two years. These disruptions have prompted concerns among users and investors regarding the network's reliability.
Despite the challenges, there has been renewed optimism surrounding the Solana network following the departure of FTX founder Sam Bankman-Fried, a prominent supporter of the ecosystem. Since the departure, SOL has witnessed a remarkable surge of over 600%.
Solana's core contributors are actively investigating the root cause of the outage and have committed to releasing a detailed report once the investigation is complete.
In summary, while the Solana blockchain has successfully resumed operations after a significant downtime, the incident highlights ongoing concerns about the network's reliability and stability.
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