Solana (CRYPTO: SOL) — a high scalability smart contract-enabled blockchain, which many believe to be the Ethereum-killer (CRYPTO: ETH) — saw 7 hours of downtime on Saturday, now investigations have revealed why. This follows the network crashing in mid-September 2021 and January 2022.
What Happened: Solana representatives revealed in a Tuesday blog post that the blockchain — which failed to produce any new blocks for 7 hours on Saturday — was brought down by bots tied to a new non-fungible token (NFT) project.
Blockchain explorers show that on average Solana processes about 2,700 transactions per second, with peaks reaching over 710,000 transactions per …
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