A glitch in the Solana’s system has shown that even the most popular blockchains can fail. Investors believe that this is a sign of cryptocurrency unreliability and the industry has confirmed its “immaturity” again.

The market capitalization of the Solana cryptocurrency exceeded $62 billion in early September. Over the year, its price has increased by about six thousand percent. The Solana blockchain is considered as the fastest in the world, and the company’s website says that on its network “transactions will never be stopped.” Many people called the token the best alternative to Bitcoin and Ethereum until its blockchain crashed on September 14 – the network could not process transactions for 17 hours.