Post
Topic
Board Altcoin Discussion
Re: Solana blockchain
by
Abiky
on 07/02/2024, 21:57:12 UTC
The Solana network was affected yesterday and stopped processing transactions cause of a outage. The outage lasted for 5 hours.

It was the biggest crash on the network since 2 day outage in April. The outages on Solana network is because of node issues they say.

https://www.theblock.co/post/276237/solana-network-restarts-after-outage-that-lasted-five-hours

Yet, Solana is still one of the top 5 coins in market cap. With so many outages, the project should've been dead by now. I can't understand why people are still buying this coin when it's unreliable for day-to-day payments. Neither Bitcoin nor Ethereum have faced an interruption since the day they were launched. Solana's current situation shows us it's experimental and not ready for mainstream use. Developers should've kept Solana in "beta stage" until it passed all of the tests.

If SOL hasn't gone to $0 by now, it's because whales are manipulating the market. For some reason, VCs want to keep this "shitcoin" alive. I'd prefer a reliable and decentralized network like Ethereum, even if I have to pay higher fees and wait longer for confirmations. Unless Solana prioritizes decentralization and reliability, don't expect it to last a lifetime. Who knows what surprises we'll find in the future?