Crypto Community Reacts After Latest Solana Network Outage
The Solana ecosystem has again recorded a setback, with the crypto community lamenting about the reoccurring outage by the network. Some digital asset enthusiasts liken Solana to Ethereum and Bitcoin regarding the frequency of outages faced by other projects.
Solana Sees Another Performance Breakdown
Solana network has been debated among crypto community members over its frequent network crash in recent years. On February 25, the protocol witnessed a performance degradation issue which led to the disruption in the transaction processes, with validators forced to reboot the network.
Community members appear to be tired of the same old story. As a result, they took to the popular microblogging platform Twitter to air their displeasure with the latest development.
Some commenters question Solana’s position as one of the top crypto tokens amid a network outage that has affected the network in the last few months. One of the top NFT artists with the Twitter alias Crypto Tea also questioned Solana’s blockchain structure and how the network made it to the top 10 list amid its performance-related issues.
While responding to the NFT artist’s tweet, a Solana Mobile Developer, Andrew Watson, explained that the network prioritizes “security over liveness” and that the community is in it for the long term. Another commenter replied to Watson by stating that Solana risks putting the decentralized finance (DeFi) ecosystem under insolvency.
Furthermore, some crypto community members also began comparing Solana to Bitcoin and Ethereum, with a commenter disclosing that Ethereum chooses the slow but sure pattern. At the same time, Solana prioritizes fast movements with occasional breakdowns.
However, the Twitter commenter admitted that while Solana’s approach is riskier, it also paves the way for quicker innovations in the sector. Meanwhile, a Bitcoin user points out how the protocol never needs to restart its network amid a performance issue, as was recently done for Solana.
Meanwhile, the Solana development team stated that there are no confirmed cases of user transactions impacted, but the group said that it is yet to determine the cause of the network failure.
One Outage Too Many
Over the years, the Solana network has seen numerous outages. The first notable one was the September 2021 outage caused by bots spamming the Raydium system leading to a denial-of-service attack.
Similarly, in May 2022, the Solana blockchain saw bots invading the network, causing a seven-hour-long outage. In the following months, the network experienced a consensus failure after a bug triggered another outage which drove the price of the protocol’s native asset, SOL, significantly down.
Furthermore, as revealed by investigations, all previous network outages are due to multiple causes, with excessive transactions among the factors fueling outages on the Solana blockchain. The network’s developers have continuously revealed they are doing what it takes to salvage the protocol’s recurring downturns.
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