.solana validators have restarted the network after seven hours of downtime
Solana emerged as one of the top Ethereum competitors in 2021 due to its high throughput and very low fees.
However, the blockchain has been plagued by technical hiccups. In January, the fledgling network suffered as many as six outages, attracting ridicule from the broader cryptocurrency community. Solana also went down for a whopping 18 hours in September, which made the market value of the native SOL token shed more than $20 billion.
The SOL token is holding up relatively well this time around despite another significant outage. It is down 5% over the past 24 hours, performing in line with other top “Ethereum killers” such as Terra and Avalanche .
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