Solana Network Continues to Lose Trust - Coinleaks
Current Date:September 15, 2024

Solana Network Continues to Lose Trust

The decentralized blockchain platform Solana ( LEFT), due to network problems Fintechand Web3losing the trust of its experts.

Popular cryptocurrency project Solana has been struggling with network woes for a long time. The decentralized smart contracts platform has suffered multiple network outages. These interruptions, which led to a situation where validators could not serve and investors could not trade, brought with it insecurity for SOL. The company stated that it is aware of all these problems and is working on improvements. The last network outage, however, occurred earlier this month.

Solana Network Not Trusted Based On A Survey Result

Solana, which attracted great attention by crypto money investors at the time of its release, was supported by the community. Ethereum He is presented as the murderer. However, the project EthereumIt could not create a strong enough network structure to rival .

Especially NFT and DeFi Solana, which collects its projects in its network, continues to grow rapidly. However, behind all this growth, frequent network outages pose a question mark. Especially terraAfter the financial crisis, investors avoid fully trusting a project.

Finder In a report shared by , industry experts participated in a survey. In the survey, about 33 percentto the Solana team that you don’t trust expressed. Looking at other ratios, 37 percentand still to the project team. trusts . Remainder 30 percentif the segment due to growthsees potential problems.

Finbold The reason for the outages in the Solana network has not yet been determined. Based on this, people are only worried about network outages. Although SOL has experienced 6 network outages this year alone, it continues to grow at a great rate.