Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.             	        Disclaimer |

The solana network says it is seeing 'intermittent instability' - but its sol token is holding steady

submited by
Style Pass
2021-09-15 02:00:05

Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy.

Disclaimer | Accessibility Statement | Commerce Policy | Made In NYC | Stock quotes by finanzen.net

The solana blockchain crashed and some services were disrupted as a result on Tuesday, less than a week after its sol token hit record highs, according to an announcement on Twitter by the company.

"Resource exhaustion in the network is causing a denial of service, engineers are working towards a resolution. Validators are preparing for a potential restart if necessary," Solana said on Twitter. The issue began around 07:00 ET.

The sol coin, which last week hit record highs in spite of a widespread sell-off in the cryptocurrency market, is the native token of the solana network. It was last up around 1.0% at $159.90 according to coinmarketcap.com. On September 9, it hit a record above $200.

Leave a Comment