Solana is beginning to see a quick recovery in market value following a critical security patch that secured the network.
As of press time, SOL was trading at $156, having experienced a modest increase of 1.5% over the last 24 hours.Amidst these market fluctuations, Solana’s development and operational teams have addressed a significant security vulnerability within the network.The critical security response began on the 7th of August, when the Solana Foundation discreetly reached out to network operators via private channels.
By the following day, operators had access to the patch through an Anza engineer’s GitHub repository, which allowed them to verify and implement the necessary changes independently. By 14:00 UTC on the 8th of August, detailed instructions had been distributed, successfully securing 66.6% of the network’s stake.
The proactive measures continued until over 70% of the network had applied the patch, at which point the vulnerability was publicly disclosed.. There has been a notable increase in active addresses, surging from under 900,000 to a peak of 1.2 million at the beginning of August.The increase in active addresses generally signifies a healthy network with sustained transactional activity, which could lead to enhanced network security and stability.
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