- The Solana network stopped processing and went off on Friday.
- Solana’s “curse” was to blame for the network disruptions.
- Solana is the 3rd largest Pos blockchain by market value.
The Solana network stopped processing transactions and went offline on Friday due to a misconfigured node, marking the blockchain’s fourth significant outage since January, when it had a succession of partial outages for most of that month.
They assert that it would increase the network’s scalability, but Solana is very centralized, and the network continues to have interruptions. Because of centralization, Solana’s infrastructure is still in need of improvement.
According to Yakovenko, since its launch in 2020, the Solana network has seen a number of network disruptions that have been caused by a variety of various congestion and spam incidents.
In an interview with Real Vision co-founder Raoul Pal on Friday, Yakovenko claimed that Solana’s “curse” was to blame for the network disruptions, but he also claimed that the network’s low-cost transactions were to blame.
“It’s been, I think, our curse, but there are enough people and apps pushing that because the network is so cheap and quick.”
Solana is a well-known blockchain for creating non-fungible tokens, or NFTs, and decentralized apps. It is one of a number of smart-contract blockchains touted as “Ethereum killers.”
Solana has surpassed Cardano and Ethereum to become the third-largest proof-of-stake blockchain by market size since Ethereum switched to proof-of-stake on September 15 according to Coinmarketcap.
Since its debut in 2020, Solana has had at least seven network failures, five of which happened in 2022. In September 2021, one of the longest production stops lasted up to 17 hours.
Recommended News :
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
