Solana blockchain halted multiple times.
This time, Solana's consensus mechanism malfunctioned due to a bug.
The bug was known to the team, but it didn't cause problems in the past.
The value of Solana, a cryptocurrency in the top 10 in terms of market capitalization, dropped by more than 12% on June 1 as a result of its second outage in a month. A problem with the blockchain's processing of a niche transaction type meant for offline use caused it to malfunction.
After its validators stopped processing new blocks, all SOL-based applications were shut down for over four hours.
Investors have increasingly turned to Solana and other alternative blockchains for diversification of their portfolios since last year's crypto bull run, but as the blockchain has been hit by multiple outages, their confidence in it has diminished.
The protocol is branded as a beta version of the mainnet, so bugs and errors are still possible. This year, Mainnet-Beta blocks were halted twice: on 30 April and 1...
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