Solana price dips as outage requires a network restart
The Solana mainnet, which is still technically referred to as “mainnet-beta” halted at approximately 5:30 am ET, effectively pausing all activity on the chain.
The major outage requires a network restart. Engineers responded with a validator software patch about an hour after the incident, to allow validators to upgrade to version 1.17.20 and coordinate on getting the chain moving once again.
Most of Solana’s validators are using version 1.17.16 or 1.17.18 according to node data provider solanabeach.io.
A network restart is currently underway and will complete once validators with at lest 80% of the SOL staked become active.
The price of solana (SOL) fell by about 3% to $93.39 as news of the outage spread, and is trading at around $94 as of 7:25 am ET.
This is a developing story...
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