You know in every project there's something that causes a setback. Just like ETH. Its setback is the high fee rate but that of Solana is always blockchain or something similar. I know most of us have come across the latest news about blockchain being down for over 2 hours or there. My question is, do you think Sol is ready for the next phase with the same issue it faces over again? How can they tackle this because more projects seem to be interested in them but with this ongoing issue of theirs, how often can they keep up?
You know, is not about loving a project but it's also about how long they withstand some circumstances that won't affect their chain.
You have good considerations here, we should always know the pros and cons of the coins/tokens we use, and especially the blockchains they are linked with. Solana, as it is, has done better recently, no wonder that its price moved significantly higher in the recent bull run witnessed across the crypto boards. The trust of people in it has increased, and the fact that it has a better advantage (especially in the areas of fee) than the first two cryptocurrencies (Bitcoin and Ethereum) makes it worthwhile to celebrate it and focus our beam better on it.
It's no news that Solana has a very low fee, and even in addition to that, it has a faster transaction fee. And with the way it's being appreciated across the crypto space, it can solve all the problems that both Bitcoin and Ethereum cannot solve. The scalability is now higher and unique at the same time. But for the cons, I do not see a strong one that is peculiar to it and I do not think it will be a regret to have your SOL stored for a good period of time in order to maximize the potential of earning through it possible. It is also a very good choice for transactions to reduce fees and increase the pace of completion.