Solana: Shutdown After Shutdown

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Avatar for Cryptopeach
2 years ago

The market is bleeding hard and some already come to the conclusion that this is the start of the bear market. One coin that keeps bleeding is Solana and the shutdowns aren't helping.

What is happening?

Solana was heavily talked about because of its high TPS, although it sacrifices decentralization, transactions per second were at speed of light.

After sometime the first shutdown came and Solana became unusable with transactions being stuck and people not being able to move their funds. This was solved but it happened again. Now it seems to be happening so much that it barely hits the news.

Solana needs to come with a final solution to this or risks falling of the top ten by market capitalization and after that things can go pretty bad for Solana. A lot of investors believe on Solana and invested in the ecosystem.

The last shutdown took 48 hours but it's now resolved. Many traders were affected by this and lost quite a lot of money. This can't continue to happen, investors are losing money everytime this happens. The centralized nature of the blockchain doesn't help because bad validators can hurt the blockchain.

The fact that this isn't even news right now speaks for itself, people are pretending that this is normal when it's not. Keep in mind that the project might fail hard if this keeps happening over and over again and with a bear market in sight, Solana may never recover.

Sacrificing decentralization and security for higher TPS has this things and Solana needs to adjust their approach if they want to keep being relevant in the crypto space.

Best Regards,

Cryptopeach

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Comments

Yeah solana is crashing hard now

$ 0.00
2 years ago

Seems like the market crash and the shutdown made Solana go down hard. Best Regards Cryptopeach

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2 years ago