Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Solana's Five-Hour Outage Raises Doubts About Reliability and Decentralization

Solana's Five-Hour Outage Raises Doubts About Reliability and Decentralization

CointimeCointime2024/02/07 15:19
By:Cointime

Solana, a blockchain network often referred to as an "Ethereum killer," suffered a five-hour outage on Tuesday due to a cluster halt that required a system restart, raising doubts about its reliability and decentralization. The incident caused Solana's native token, SOL, to drop in value and transactions on the network to come to a halt. This has led to questions about whether Solana has the technical foundation to outpace Ethereum and achieve the decentralized infrastructure that has made Bitcoin and Ethereum the industry's leading blockchains. The founder of Solana, Anatoly Yakovenko, expressed concern about the impact on the startup ecosystem and the level of exposure for teams. Additionally, the downfall of prominent investor and advocate for Solana, Sam Bankman-Fried, in November 2022 had a significant impact on the blockchain's value, causing investors to hesitate in supporting it.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Code of Joker game will reappear on smartphones in a new version via Sui blockchain

Share link:In this post: The arcade Code of Joker existed from 2013 to 2019 The game will run on a platform Mysten acquired just days ago. Sui partnered with Jokers, Inc., which is obtaining more games to revive in Web3

Cryptopolitan2025/03/15 01:11