TL; DR
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Yesterday morning the Solana network was down for five hours, but the price of SOL actually went up after the outage ¯\_(ツ)_/¯
Full story
“Hi, yeah, let me have an ‘Uh-oh’ with a side of ‘Yikes’ – and is your ‘OOFT’ made in-house?”
So yesterday morning the Solana network went offline for five hours.
At that time, Solana’s core engineers identified the problem, rewrote some code, and sent an update to the people responsible for validating SOL transactions.
On the one hand: that’s an impressive effort by the engineers.
On the other: this shouldn’t still be happening – if it ever does.
(Especially on a network that hopes to eventually decentralize the US stock market).
Add this to the outage last April (when Solana was almost offline). two whole days) and maybe you’re starting to worry…
But here’s the crazy part:
Judging by the price action, Solana holders don’t seem to care.
In fact, the price of SOL actually went up within a 24 hour window after the outage(?)
¯\_(ツ)_/¯