Solana has experienced its second outage.
Solana has already seen its fifth outage of the year. This particular failure in consensus might be traced back to a defect in its own blockchain. As a result, another piece of crypto news of a token that is massively dropping has been seen.
Solana, one of the largest cryptocurrencies in the market, experienced another outage in its blockchain on Wednesday. The outage caused its SOL token to go down by 12%.
Solana's Price Drop
The Solana outage was reported by CNBC to have been caused by a flaw. Solana's newest outage was caused by a flaw in how its blockchain system processes a certain type of transaction that is usually used for offline use-cases. The network's outage was reported to last for four hours, taking down all the apps built on the blockchain along with it.
However, the crypto company alerted the public about the status of Solana through its official Twitter account. It is reported that the outage started around 1 p.m. eastern...
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