Ethereum ( ETH) is spoken to replace Solana ( LEFT), continues to bleed due to network outages and glitches.
Years ago bitcoin emerged to rival traditional financial products. The excitement created by Bitcoin led to the launch of many altcoins. Ethereum, Ripple, stellarProjects like this have managed to attract crypto investors for years.
The rising crypto currency frenzy brought with it the competitive environment. Ethereum scalingAnd speedproblems arising wither, being launched as the new Ethereum . But Solana has been struggling with network outages and glitches for years. Does this blood loss in the popular project indicate the end of another era?
Solana Suffers Network Outage Again And Again
Decentralized smart contracts platform Solana ( LEFT), EthereumIn his crypto journey, which he started as his biggest competitor, he continues to lose blood due to the problems he has experienced.
Last weekend, Solana experienced interruptions and slowdowns in network activity. Problems in Solana’s network created a bombshell effect with the decision of the developers to freeze the network. “Again?”In the face of this situation, where questions echoed, the developers could not explain the reason for the last network outage.
Focusing on the problems experienced, the developers conducted a trial to make the network ready again. However, this first attempt failed to restart the network. Focusing on Solana’s infrastructure, the developers focused on hard fork and synchronous working principles. Comments from the ecosystem, the Solana network “forking”He stated that he was experiencing a problem and that the network should be restarted immediately.
As a result of this chain of events that marked the weekend, the network could be activated after the second attempt as a result of intense efforts of the developers. Network activity from 5,000 to 85 transactionsstarted to come back to life after the reboot was successful.
However, these problems experienced in the past days have also caused repercussions in the Solana ecosystem. There has been an increase in the number of users who have begun to be disturbed about these problems, which have not improved for years.
Solana Has Been Struggling With Network Outages for Years
Popular crypto project Solana (SOL) has come to the fore again with the network outages it has experienced recently. These network outages were neither the first nor will they be the last for Solana. Because Solana developers have not yet found a complete solution to network outages.
In October of last year, Solana had an interruption of about 6 hours and fell into difficult processes. Solana, who could not perform transactions on the network for a full 6 hours, frequently stated that they spent a lot of time to solve the problems.
The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available.
— Solana Status (@SolanaStatus) October 1, 2022
Facing a similar network outage in October, the popular project found the remedy by asking validators to reboot the system. The developers, who could not find out exactly what the problem was at that time, produced a temporary solution by restarting the network they stopped.
An explanation came from Solana co-founder Anatoly Yakovenko for these network disruptions that took place in October. Yakovenko said in October that a fix is on the way to address the network outages in Solana.
Yakovenko said the October cuts could be due to errors made by the validators. The project, which is shown as a competitor of Ethereum, stated that it experienced network disruption due to problems caused by validators.
However, this outage in October went down in history as the sixth outage of the Solana network. Encountering the same problems over and over, crypto users began to lose their trust in the Solana network. In a survey conducted in late October, experts in the crypto industry asked, “Do you trust the Solana team?” a question was asked. 33 percent of those surveyed said they no longer trust the developer team.
Solana, which experienced 6 network outages in 2022 alone, brought similar problems to the New Year. The network of the popular project became the agenda on social media by experiencing interruptions in the past day.
Solana’s Waist Doesn’t Straighten! What Will Happen After Network Outages and Power Losses?
EthereumSolana (which is called its biggest competitor) LEFT) could not straighten his back due to network outages and projected power losses.
Recently wither It’s the seventh network outage since 2022. Many crypto developers, tired of this situation, started to flock to the new project, Aptos. After the sixth network outage, many DeFi platforms, witherin its place He had taken action to use the Aptos network.
witherThe developer team has not yet been able to find a complete solution to these network problems that have occurred over and over for years. LEFT From the times when the price saw three-digit levels, we came to the periods when it experienced a decrease in single-digit prices. Ethereum’s competitor, he works hard to straighten his waist.
Moreover wither , also suffered a great loss of power with the bankruptcy of FTX. Between the intense news wave that started with the bankruptcy of FTX, the news of Solana also started to fall into the agenda. It was also on the agenda that SBF, the former CEO of FTX, invested in Solana.
Joining the wave of bad news about FTX’s bankruptcy process LEFT, approximately It was down to $7.After network outages FUDThe project, which is struggling with the wave of managed to rise above $20 again. The biggest factor in this period was the Bonk frenzy initiated by the entire Solana ecosystem. Solana’s meme coin bonk succeeded in mobilizing network activities. At the same time, these network activities LEFTIt also led to sharp rises in price.
The popular project, which has fallen to the bottom many times, has managed to get rid of these bottom regions many times. However EthereumThe project, which is touted as the killer of the FUDIt seems that his struggle with the waves will never end.
