Solana blockchain down, rate too

Altcoin Solana loses a good part of its value due to hours of downtime of the cryptocurrency’s blockchain.

Solana’s blockchain was offline for about 4.5 hours yesterday, which eventually reversed the blockchain and software restart had to be done to get everything back online. Not good for confidence. This is immediately apparent in a price decline of 12.5 percent in the past 24 hours and that is a bit of a swallow.

Second time in month

Something is not right with the boys and girls of Solana. This is the second time the blockchain has gone offline in a month. At the beginning of May, the Solana blockchain was already down for seven hours. If we look back a whole year, it is the seventh time that everything goes offline.

In September, for example, everything was out for 18 hours. Then by an overwhelming number of transactions that had to be processed. In January there were problems on 9 out of 31 days due to duplicate transactions in the system.

To trust

Confidence in Solana is badly damaged by all these failures. The prices of all cryptocurrencies are in the negative and disturbances such as these do not help confidence in an altcoin like this one. Where the price was about 157 euros at the beginning of the year, the price dropped below 36 euros after the disturbance yesterday at the low point.