Solana explains outage as SOL continues to pump

The recent outage that halted transactions on the Solana $SOL mainnet for five hours was due to a known bug identified by developers last week, Solana Labs admitted in an elaborate root cause report.

The bug was the cause of a Devnet outage seen previously. While developers issued a fix for one of the triggers of the bug, the fix for the other trigger was supposed to go into the version 1.18 cycle. The fix for the latter was eventually released as part of version 1.17.20.

#Solana stated in the report that a “more complete fix” would be released in the future and align with the regular release cycle.

SOL shrugs off FUD in style

The disturbance impacted native token #SOL in the immediate aftermath, causing a 2.1% drop in market value, as per Coinmarketcap. However, as the network came back up and #FUDS started to subside, these losses were reversed.

In fact, the fifth-largest cryptocurrency has risen 17% since the incident on the 6th of Febdruary, indicating significant investor support. #Write2Earn‏