Bitcoin Forum

You know in every project there's something that causes a setback. Just like ETH. Its setback is the high fee rate but that of Solana is always blockchain or something similar. I know most of us have come across the latest news about blockchain being down for over 2 hours or there. My question is, do you think Sol is ready for the next phase with the same issue it faces over again? How can they tackle this because more projects seem to be interested in them but with this ongoing issue of theirs, how often can they keep up?

You know, is not about loving a project but it's also about how long they withstand some circumstances that won't affect their chain.

For those who haven't come across the news, you can read it here: https://cryptobriefing.com/solana-block-production-halts-validators-confirm-major-outage/

You have good considerations here, we should always know the pros and cons of the coins/tokens we use, and especially the blockchains they are linked with. Solana, as it is, has done better recently, no wonder that its price moved significantly higher in the recent bull run witnessed across the crypto boards. The trust of people in it has increased, and the fact that it has a better advantage (especially in the areas of fee) than the first two cryptocurrencies (Bitcoin and Ethereum) makes it worthwhile to celebrate it and focus our beam better on it.

It's no news that Solana has a very low fee, and even in addition to that, it has a faster transaction fee. And with the way it's being appreciated across the crypto space, it can solve all the problems that both Bitcoin and Ethereum cannot solve. The scalability is now higher and unique at the same time. But for the cons, I do not see a strong one that is peculiar to it and I do not think it will be a regret to have your SOL stored for a good period of time in order to maximize the potential of earning through it possible. It is also a very good choice for transactions to reduce fees and increase the pace of completion.

News about Solana with the same problem has also occurred several times before in the past years. But strangely this doesn't seem to really make the community abandon them. instead their community continues to grow positively. And now I even think that the blackout problem has become a habitual problem with Sol.  ::)

difficult to ascertain in this crypto world but interesting to discuss
SOL is one of the crypto coins or cryptocurrencies that plays an important role in the solana ecosystem.
but with the confusion of problems about sol, in my opinion there is no decrease in the number of people's interest in this solana.
there are still many people idolizing this solana, so that's the point in the real crypto world, it's hard to leave even if for example the coin is in trouble because there may be + and -.

It might be an issue but not that much and i don't think it is going to affect solana in any way . Solana has many big plans that it aims to achieve many people are waiting to see what they will come up with soon . I also have high hopes for solana despite the small issues project is currently facing.

Been using solana for some time and I do feel there are problem going on the network. Sure the traffic has increased as well the transaction fees but solana also have some fundamental flaws that makes it a risky platform if not improved timely. I still have a good investment in solana-msol but I don't hope to see a huge price increase for short term.
While I'm bullish on projects like aptos, sui and ton. zk-SNARK could be the next big thing if implemented as stated.

outage has been SOL's issue since.  but it didn't stop the investors from buying SOL. while the network has been halted the price wasn't affected very much too. this kind of news is normally used to spread fud, no one does that in the forum anymore. the next step is to restart, its what they said.

if ETH suffers high fees, i think SOL will also haave the same problem once the price goes higher.

Problems with the network are not too surprising even for BNb and ETh. But the problem of long-term congestion like SoL seems to be a more difficult problem to solve. In September 2021, it took them 16 hours to fix and the most recent time was February 2023, and then the SOL platform showed flexibility, flexibility, and smoothness, but today it is repeated. I think the validator node seems like a big problem and it's unlikely that increasing gas costs will fix this problem. Sol is still a great investment opportunity when the bullrun outlook is $300-500, but sustainability of value will be its foundation.

In every project, there are indeed its own problems, and Solana is no exception. Scalability issues and temporal delays can seriously affect user experience and lead to a deterioration of the project's reputation. I think they will soon solve the problem, or they already have. This year, Sol has shown good growth dynamics, and I am sure it will not stop there. Blockchain issues are just temporary difficulties.

It's a big issue if we're talking about blockchain and decentralization but I agree that it won't affect their regular users that much. Banks can be offline for hours as well but many people still use them so it's the same with Solana.

Don't you think the Sol devs will do something like putting a cap on the transaction fees? This approach is done on the BNB chain where they decide when to lower or increase the fees from 10 gwei to 5 gwei and vice versa.

I think that it's not just SOL that's not ready for them to take off. Each project is always like this when they're soaring and at the top of their progress. What they need to set now is about their progress and what they're going to do once they're on the peak of their project.
Many developers aren't prepared for it and as for SOL, I think that they're prepared for it but this seems to be a normal thing in the tech industry. Major outages happens even Bitcoin did had that very long long time ago but look at how it is now with its network being strengthened after the outage that it has got back then but it wasn't even that big.

I think Solana being able to overcome some of their past challenges is proof that they can do it all over again

Some people thought that solana was over before and it would not get its price back up but now we see it doing better than ever and i am sure that its system along with the development team behind it has made solana better or improved on things they had issues a while back

Additionally with new projects associated with it, the solana ecosystem has been stronger and more resilient now a lot of people have grown interested and have invested and are even seeing profits now

Solana should only stay consistent and keep up the momentum as the bull run is soon approaching i have no doubts that it will even rise more in the next following months

I hear that fees on solana are heavily discounted for users in order to give the illusion of "cheap" tx fees  when in hindsight, it's a lot higher. IIRC, this is like the 3rd time Solana chain has been down. It has been down for much longer before this time isn't critical. The truth is that most networks that claim to be ultra fast will face occasional problems like this when they start transactions anywhere close to what Bitcoin or Ethereum currently processes.

Solana is not a viable blockchain, and never has been. I don't know what the issues are, but blockchains are supposed to be designed to simply work 100% of the time, no exceptions. There is no point at which a blockchain should have an outage. It's actually been a while since I've heard of a Solana outage, I don't even remember hearing about one last year, but from late 2021 through all of 2022 they were very regular things for Solana, happening every few weeks. Something about how they designed that blockchain just simply doesn't work, after all this time it once again going down just proves the point.

It's been a lot more than three times. Solana started going down in November 2021 and for about a year it would happen most months, sometimes two or three times a month. It's just been a while since the last time it happened. Solana is the one blockchain where having an outage occasionally is just normal for it. The creators of Solana tried to make a really high tx blockchain but obviously the design they came up with is not reliable. It is not a production-ready blockchain, and may never be.

I think Solana is not ready yet for the next phase or big leagues while it faces the same issue over again, their setback is a big concern. Their outage questions the ability to handle increased demand and sustain itself in the long run. They need to rectify the issue to maintain the trust of their users, and developers and attract new projects.

If I'm not mistaken, this is the 11th outage in the past two years. More and more projects are interested in building on Solana, but how can they keep up if the network keeps going down? They need to find a way to make their network more reliable. Otherwise, they risk losing ground to their competitors.

In my opinion, because the majority of people are switching from the ETH network to Solana because gas fees are cheaper and transactions are fast, that's why the problems faced by Solana have increased so much.

For me, the first issue that Solana must fix is their "downtime", lol. It's ironic because they must have no downtime at all, but they experiencing this.
So it means, decentralization is problem. It's kinda the able to solve the cheap transaction fees and scalability, but being decentralize, they can't.

It is in no way just a small issue. The outage happened too frequent for a coin as big as that, this time even 5 hours. People must be expecting the team to eliminate that issue before developing something else

I really do wonder what the issue is with the down-times. Is there a simple explanation for those of a modest technical background?

No other blockchain I know has these kinds of blackouts and honestly, if Solana has no permanent fixes for it, then Solana is doomed to fail to a better blockchain. If that has not started happening already. Solana was supposed to be the better, faster and cheaper Ethereum. But with all the blackouts, I am starting to think that that venture is going to fail significantly. I would avoid investing in Solana until things clear up and there is a permanent solution to the down-times.

There's no existence of good projects without issues, these projects tends to minimize their problems to their own rate. The big plans of Solana can belong to the exact solid techniques implemented by the team, they tend to points at higher prospects in the system. There's high promising hope for the project, because everyone is aiming at the bigger picture, ready to face the profits and losses ahead. Solana have one of the bigger issues in the system, though there's a team working behind the project and they aimed at achieving them without the necessary challenges that's on the path.

I bought Solana for a little more than 20 dollars and already took a profit. This is another pump for hamsters to sell them expensive coins again. I do not exclude price increases in the range of 200-300 dollars, but I am not ready to take risks for a 200-300% profit. Solana's partners have already received pre-orders for a huge batch of new phones. Solana will live on, but there are many more interesting ecosystems to invest in right now.

They will be a challenge for every good thing to take place, which is other alt-coins Blockchain has been face as well, before the Blockchain stands strong, in Solana Blockchain Technology, the team are doing the best for the Solana Blockchain to stand out and also minimax the the issue of challenges.

The solution to this problem is to continue updating their project so that it won't be left behind even in the means of alternatives since other competitors are making some developments to overtake their market, this is the same reason that they need to be consistent as well when it comes to their updates and ideas to promote their sales and to gain more trust from their investors. They already know what happened to other altcoins that are not active and lose their investors due to the fact that the other altcoins are not consistent anymore and they don't update their investors about their new plan for their platforms.

SOL isn't one of those coins that would live all by itself without the market situation changing. Let's be honest with each other, we are talking about a coin that only works if gas fee's of other coins are high, so that means SOL just needs to keep the situation going for themselves, and it will make it look good.

I get that it is not going to be simple, and I get that it is not going to be all that well, but as long as we handle it well enough, it is going to be fine. I believe that we need to keep the situation going by using them to move money around. Something that would be even better is dealing greatly with stablecoins, they need to make people use stablecoins to transfer via their SOL chain, that would make it even bigger if people mainly use SOL for that.

Solana doesn't have high fees, but problems can occur that cause the entire network to go down completely, and this has happened several times.
that's the reason Solana always has problems, and until now no solution has been found for this.

What solana is doing is beyond the expectation but if you observe more deeply, you will see solana is just using the hype of the industry to get more exposer. There is no doubt that it is one of the fastest blockchain in the market but speed is not the only thing that is considered important right now. When eth layer 2 is booming the market we can see some traction in solvana layer 2 as well. There are already some experimental few solana layer 2 but they aren't that hyped out like ETH layer 2.

Maybe not yet. Their platform keeps shutting down like this week and even in the past. Even there is a solution to those they need to assure holders or users that solana should be a good platform rhat works perfectly lile other chains out there. Yes its normal to have drawback but if its always happening frequently then there must be some problem on how they handle the network. Or is it due to users increasing? Probably but you must get ahead of that scenario.

I think if Solana can't solve this problem, then this will always be an obstacle to Solana, we know here that Solana has quality and a great community, but this will hinder it if it continues.