Fun

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic

News Feed - 2023-03-01 12:03:37

Solana Faces Renewed Criticism After 10th Downtime and Bumpy Restart, but Developers Remain Optimistic


Following the initial incident on Feb. 25, Solana resolved the blockchain’s performance degradation after validators decided to restart the network. According to an outage report following more than 24 hours of downtime, Solana developers detailed that the “root cause is still unknown and under active investigation.” Social Media Mocks Solana’s 10th Downtime, Supporters Defend Project


Solana has faced renewed criticism after the blockchain network experienced its tenth downtime on Feb. 25 and into the following day. The network was widely mocked on social media and forums, including r/cryptocurrency. In one forum thread, a user wrote, “Giving a second chance is one thing I can get behind. An 11th chance, on the other hand, is beyond delusional.” Additionally, people made jokes about the bumpy restart of Solana, and in the Discord server, validators discussed adding their phone numbers to receive text messages about future restarts.



Bitcoin.com News reported on the initial downtime after the Solana Status webpage disclosed there was a problem with ‘cluster instability.’ The incident wasn’t resolved until Feb. 26, 2023, at 2:09 UTC. Some critics called the problem and previous downtime issues a “design flaw,” while others favored shorting solana (SOL). Despite the significant downtime, Solana Labs co-founder Anatoly Yakovenko defended the project, stressing that “Solana wants to be fast and super secure.” Brandon Tucker, the growth lead at Marinade Finance, a Solana-based liquid staking project, said an upcoming upgrade should significantly reduce these outages in the future.


“Chain restarts are never welcome, but it’s not a major setback,” Tucker said in a message sent to Bitcoin.com News. “Indeed, despite the furor, it’s a similar outage to the five others we’ve seen over the last 12-18 months. Ultimately, it’s good to see the validator community rally together on their own accord to initiate the updates and restart the chain in real-time. Solana is attempting to do something that no other chain has done with regard to throughput and decentralization and the path to get there is not straight – especially when it’s already being used by more people than just about any other chain,” the Marinade Finance executive added. Tags in this story 10th down, 10th downtime, Anatoly Yakovenko, Blockchain, Brandon Tucker, co-founder, Criticism, Cryptocurrency, Decentralization, design flaw, downtime, fast, Forums, Investigation, Liquid Staking, Marinade Finance, outage report, performance degradation, rally, real time, restart, root cause, shorting, Social Media, SOL token, Solana, solana labs, super secure, Throughput, Upgrade, validator community, Validators, widely used


What do you think about the future of Solana and its ability to address these downtime issues? Despite these setbacks, do you think it has the potential to become the most widely used blockchain network? Share your thoughts in the comments below. Jamie Redman


Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Bitcoin"s Blockchain Growth Accelerates With Trend of Ordinal Inscriptions NEWS | 2 hours ago Former FTX Director Pleads Guilty to Charges of Fraud, Money Laundering, and US Campaign Finance Violations NEWS | 4 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection Next articleBiggest Movers: AVAX Hits 2-Week Low as DOT Extends Recent Losses Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"


The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Fed"s Bullard Wants to Raise Bank Rate to 3.5% by Year"s End, Hints at 75 Basis Point Rate Hike Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

Tom Blackstone5 hours agoWorldcoin signs up over 9K users in Argentina in a single day despite criticismThe iris-scanning project saw a surge of sign-ups in Argentina, registering an average of one user every nine second
Visa Launches Bitcoin and Crypto Enabled Cards in Latam
Visa Launches Bitcoin and Crypto Enabled Cards in Latam Visa, one of the biggest payments companies in the world, has announced the launch of a series of crypto-enabled cards in pa
Jesse Coghlan4 hours agoBinance seeks protective order against SEC’s ‘fishing expedition’The exchange claims the SEC"s deposition and discovery requests are outside the scope of the regulators lawsuit it filed agai
Devs Send the First Dogecoin Transaction Without Internet via Radio Doge
Devs Send the First Dogecoin Transaction Without Internet via Radio Doge According to Dogecoin developer Michi Lumin, a DOGE transaction was sent via radio using a protocol called
Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook Libra
Former RBI Governor and IMF Chief Economist Sees Value in Bitcoin and Facebook LibraRaghuram Rajan, former governor of the Reserve Bank of India (RBI) and chief economist at the Int
Savannah Fortis18 hours agoTaiwan aims for crypto law by November: ReportLawmakers in Taiwan are aiming to create a first draft of a special law about offshore exchanges by the end of November 2023.1399 Total views28 Tot
Montenegro Appellate Court upholds Do Kwon extradition to South Korea
Vince Quill6 hours agoMontenegro Appellate Court upholds Do Kwon extradition to South KoreaSince 2023, the decision to send the Terraform co-founder to South Korea or the United States has been contested in Montenegrin c
What the CFTC Chairman Actually Said About Ether Futures and Ethereum 2.0
The Takeaway: CFTC Chairman Heath Tarbert said last month that ether is a commodity, and he expects to see regulated ether futures in the U.S. in the next six months. The ethereum network is expected to transition from i
Tom Mitchelhill8 hours agoBlock posts 34% increase in Bitcoin revenue in Q2 but shares stumbleBitcoin profits on Block’s Cash App dropped slightly from the first quarter of 2023 but remain up 7% from this time last yea
Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion
Pocket Network Announces Closing of Its Strategic Private Sale to Accelerate Network Development & Global Expansion press release PRESS RELEASE. Pocket Networkexceeded $56,000,000 i
Turner Wright2 hours agoPro-crypto lawmaker stays interim US House Speaker as frontrunner loses first round of votingOhio Representative Jim Jordan, the Republican Party"s nominee for Speaker, won the support of 200 of h
Pakistan to Set up Two State-Owned Bitcoin Mining Farms to Help Boost Economy
Pakistan to Set up Two State-Owned Bitcoin Mining Farms to Help Boost Economy The government of Khyber Pakhtunkhwa (KP), the third largest of Pakistan’s fo