Cryptocurrencies
Blockchain for Red-Hot Crypto Solana Restarts After Hitting Snag
- Network ‘resource exhaustion’ blamed for denial of service
- Seventh-largest crypto is up more than 30,000% from 2020 low
Photographer: Gabby Jones/Bloomberg
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The network underpinning one of this year’s fastest-rising cryptocurrencies has been restarted after having problems validating transactions, according to a Twitter account run by the Solana project.
The issue stemmed from “resource exhaustion” in the network that caused denial of service, one tweet from the Solana Status account said Tuesday. Third parties that validate transactions on the blockchain elected to coordinate a restart of the network, the developer team said later in a statement.