Can Solana become the dominant PoS chain despite persistent outages?

Can Solana become the dominant PoS chain despite persistent outages?

The Solana network seems to be battling persistent outages while seeking to address the industry’s blockchain trilemma. Like most new-age networks, Solana was developed to resolve major issues confronting the blockchain industry. While the network has addressed some of these issues by its very nature, it has also encountered a few unique problems.From resource exhaustion to a halt in block confirmation, the Solana network has suffered a number of setbacks that resulted in repeated power outages, causing the network to shut down for hours on several occasions.The network went down on....


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Lost SOL? Persistent challenges continue to impact Solana price

SOL price has been repeatedly knocked down by network outages, a shrinking total value locked on the network and futures traders’ disinterest in trading the altcoin. The past thirty days have been an extremely bearish time for cryptocurrencies. The sector's aggregate market capitalization plunged 33% to $1.31 trillion and Solana's (SOL) downfall has been even more brutal. Currently, SOL has seen a 50% correction and trades at $51.Solana/USD price at Coinbase (blue) vs. altcoin capitalization (orange). Source: TradingViewThe network aims to overcome the Ethereum blockchain's scalability....

Solana PoS Blockchain Network Faces Outage For The Seventh Time

January has been a tough month for Solana as the coin encountered a total of six outages. This time Solana again faced a downtime as there has been an increased number of transactions flooded by the Candy Machine NFT bots causing network congestion. Blockchains often have an issue with scaling as they are quite inept […]

Solana Halts Block Production, Validators Told to Prep for a Restart, Network...

On June 1, 2022, the Solana network halted block production again as the blockchain network has stopped working a number of times during the network’s lifetime. According to the Solana status update, validator operators are being asked to prepare for a restart. Solana Continues to Be Plagued by Outages, SOL Downtime Denounced by the Crypto Community The blockchain network Solana (SOL) is down again as the network has been halted by the development team. The Twitter account Solana Status (@solanastatus) tweeted about the incident on Wednesday at 12:56 p.m. (ET) and the Solana status....

Solana smartphone Saga triggers mixed reactions from crypto community

From comparing the project to Apple and Ethereum to bringing up network outages, the community reacted to the new Web3 phone by Solana. The Solana (SOL) team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The community welcomed the new development with various reactions from comparing the project to Apple and Ethereum (ETH) to bringing up concerns over Solana’s network outages. Vinny Lingham praised the move and called it Web3’s very own “iPhone moment” and....

Scalability or stability? Solana network outages show work still needed

Solana’s outages could be interpreted as mere hiccups in a new blockchain, but some suggest there’s cause for concern. Solana is a highly scalable decentralized blockchain developed with a unique method of ordering transactions that significantly improves its transaction throughput, to the point that it has consistently been processing over 2,500 transactions per second. It claims to be able to process 50,000 transactions per second.The power of Solana’s cheap transactions is felt when it’s time to pay transaction fees, with users being able to move funds on the network for a fraction of a....