Solana was down for several hours

[fauzan Ichsan]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

Well, if we compare Solana to bitcoin, then it's clear that its too far from bitcoin's achievements. But when it comes to ethereum, there are really chances that it can replace ethereum from its position because Solana is definitely gaining more supporters which makes it a bigger community today. And if ethereum cannot resolve its issue on high gas fees, might as well those projects will shift into Solana's network because the trasaction fee is lesser. Solana has really good potentials that has developed overtime and even if there is a sudden crash, i think it will easily recover.

Big money even now does not tend to flow to Solana because there is no test of time, no audits, questionable stability. Yes ether has an expensive price for gas but for big money this is still not a problem for them much more expensive security than cheap transactions and higher interest.

ethereum does seem to still have its own charm for investors, with evidence that eth is currently increasing despite having high transaction fees. while solana is actually not too bad, because it had undergone a correction and is now rising again. but obviously big investors know better where the money is going

[jack wira]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

I think you are right and I agree with you, indeed solana is considered a new coin and is still growing to rise, even now solana coin is still in a period of correction and that's normal in the crypto world, and I'm also sure the price will increase again, so  from that it did not dampen my enthusiasm in holding this coin.

[yohananaomi]

Yes this really happened however i have not stopped using this blockchain. This has happened before because i move money there that i'm ready to lose. I think in the future this blockchain will be good for games.

but it seems that what happened did not affect the price of SOL, so you certainly won't lose. SOL is very lucky to have so many investors who believe in it, so the price doesn't have much of an impact. after it can be repaired and can run well or maybe it will get better.

Blockchain is good for games many traders are frustrated with the downturn and have sold out because they can't understand the market. That's why I think ethereum can be a good performer the price of this currency is rising and will rise further in the future without fear of disappearing.

all of them can certainly have different characteristics, what you say that maybe ethereum can be a good player, also of course has its own problems so far. so once again all of course have different problems to be able to immediately improve themselves in the future. so that the main goal that investors do not leave can be achieved, because without investors there will certainly be many obstacles.

[Galley]

Solana was not particularly affected by this incident. The project is still very young and is developing successfully, and such misunderstandings, all the more successfully overcome, will only be a plus. Investors did not turn away and this is the most important thing. The SOL price moves within the normal market movement. So there is nothing extraordinary.

[Natalim]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

I think you are right and I agree with you, indeed solana is considered a new coin and is still growing to rise, even now solana coin is still in a period of correction and that's normal in the crypto world, and I'm also sure the price will increase again, so  from that it did not dampen my enthusiasm in holding this coin.

Well, once you see that Solana has has high potentials to even grow in the future, no matter how often it gets its price corrected, it will always bound to recover again. And we can really tell by its own community that is growing now. Ethereum may have the fame and reliability that it gets from its own investors, but it should not be totally confident because Solana is rising now and could even have the chance to outgrow ethereum knowing its high gas fees transaction until now is not yet resolved.

[darewaller]

Solana is still in its infancy when compared to ethereum and the giant,  bitcoin. Struggling in the early stage in the cryptocurrency market is quite normal and should be expected  of new tokens. Price is back up and soaring.  Let's just hope it won't be needing any maintenance any time soon.

I think you are right and I agree with you, indeed solana is considered a new coin and is still growing to rise, even now solana coin is still in a period of correction and that's normal in the crypto world, and I'm also sure the price will increase again, so  from that it did not dampen my enthusiasm in holding this coin.

I guess it is certainly a level where I would not consider it "new". It could be new compared to most other coins at the top of the list that is for sure, but it has been around for a while and it has lived to see a high level anyway. Right now it is the 7th biggest coin and even with 8x and passing ethereum, that seems like the only path left, so 8x is literally the all it can do above the usual market ups and downs.

I am not saying 8x is bad, but "new" coins could do as much as 100x because they usually lack liquidity and go viral time to time, even old ones listed a lot lower end up doing better than that if they go viral (look at doge in 2021). So all in all I would say that it is definitely not new in mindset, it is already high, and the biggest I could ever imagine it doing is 2x right now, that's it, nothing more seems likely.

[fullhdpixel]

It appears the new flying superstars of the cryptospace has landed on the ground with a few wounds and scratches hehehe. This might not greatly affect the Solana ecosystem market, however, this is a red mark on their report card. According to Solana Status, the network is being manually restarted and presently has 42% of the validators online. Solana blockchain requires 80%.

Let's see how the ecosystem grows and what it will do, without the ecosystem there isn't going to be anything that worths much in SOL world. It is obvious that we are in a situation where SOL doesn't have a big ecosystem and it is not really providing much funds to anyone to make their projects there neither, and yes there will be "some" eventually that grow big but it could be too late and too little.

This is why I believe we should not be focusing on SOL price ups and downs all that much, we should be focusing on projects that are in the SOL ecosystem, if they grow big then SOL will go up, if they fail to grow then I do not see how SOL could become big. People keep claiming how awesome and cheap and fast SOL is, but TRX was very cheap and incredibly fast as well, yet it is nowhere to be found, and same could be said about Nano which back in the day talked about being insanely fast and free, and try to find where it is. Being fast and cheap doesn't make a chain great, getting used does.

[TomArayaSlaya]

Well thats solana for you I never see ETH having downtimes like that but the way I see this case is we are going to have growth in those ecosystems and as far as it doesnt cause catastrophic issue then normal They just look into the issue and try to fix it so as it never happens again..But for sol I think it has grown so tremendous and it has large amount of backing so worry not It shall pass gracefully

[freedomgo]

I think it's just one of the things we experience in a project that is more still at the infancy stage. It will get better with time

Solana will always have the chance to grow more in the future and there's no doubt no it. Let it experience its own dumps because its a  natural thing in this crypto market. No project would ever pump so fast without even having some minor dumps in its first stages. Solana will always recover from any dumps because it is one of the most anticipated projects for now that has a great community that support it and has a great team that is actively working on its process. If you are now convinced with it, then having it in our portfolio will definitely turn into big profits in the future.

[TinaK]

I think it's just one of the things we experience in a project that is more still at the infancy stage. It will get better with time

Solana will always have the chance to grow more in the future and there's no doubt no it. Let it experience its own dumps because its a  natural thing in this crypto market. No project would ever pump so fast without even having some minor dumps in its first stages. Solana will always recover from any dumps because it is one of the most anticipated projects for now that has a great community that support it and has a great team that is actively working on its process. If you are now convinced with it, then having it in our portfolio will definitely turn into big profits in the future.

The same thought.
I even hold a few Solana in my portfolio just for the hope that someday it will grow and cut my earning and hold again the rest. Yes they are, they had a great team that actively having progress right at this moment so there is a good chance that someday it will be grown fast like other previous projects that have its own blockchain. One of the best promising coins and I think I will not hesitate on it to hold a  large part of my portfolio, everyone who will read this will simply not follow because of what I have said, just do your own research before putting your money.

[Viscore]

I think it's just one of the things we experience in a project that is more still at the infancy stage. It will get better with time

Solana will always have the chance to grow more in the future and there's no doubt no it. Let it experience its own dumps because its a  natural thing in this crypto market. No project would ever pump so fast without even having some minor dumps in its first stages. Solana will always recover from any dumps because it is one of the most anticipated projects for now that has a great community that support it and has a great team that is actively working on its process. If you are now convinced with it, then having it in our portfolio will definitely turn into big profits in the future.

The same thought.
I even hold a few Solana in my portfolio just for the hope that someday it will grow and cut my earning and hold again the rest. Yes they are, they had a great team that actively having progress right at this moment so there is a good chance that someday it will be grown fast like other previous projects that have its own blockchain. One of the best promising coins and I think I will not hesitate on it to hold a  large part of my portfolio, everyone who will read this will simply not follow because of what I have said, just do your own research before putting your money.

Exactly that's the first thing to do. Even a lot of investors have believed in the potentials of Solana, but it will always give you an advantage to know more the coins well you plan to invest. Solana has its own way of making us more thrilled and excited. There might be some time that it will experience dump moments but it should never make us worried. We already know that all coins have been doing that and yes, its certainly a normal one. But that won't stop us from trusting Solana because it has a bright future ahead so buying and hold it would be very perfect. Maybe we should be more patient instead while waiting for its peak.

[iTradeChips]

I think that the network itself has been down for many hours. Imagine that the transactions that did not went through ballooned to more than a quarter of a million transactions. The result of which is that the network has been paralyzed. Also, there has been perceived as lack of the prioritization of the "network-critical messages" that caused the network to start branching out. Prices plummeted as a result. It dropped to a worrying amount.

[Sir Legend]

Solana is a very active coin and has increased dramatically, this makes the transaction volume very crowded so that the Solana network is unable to serve a very large number of transactions, of course this is a consideration for devs. to always pay attention to network speed and security so that the staking program is the most useful thing to test coins in the future.

[guydin]

When the activity is too high, some networks offer just bigger transaction fees (Ethereum), but continuing stable work. And some networks break down like Solana did a month ago. It shows that Solana has not been perfect yet, but I am sure that developers took this case into account and they are working on this issue, so just give a discount for the youth of the project.

[BuyingBitcoin]

This is the reason why Ethereum, Cardano and many other smart contracts will have an advantage over Solana which will cause future FUD sell off. Solana needs the 80% validators to keep the network working at it's best.

[andriarto]

When the activity is too high, some networks offer just bigger transaction fees (Ethereum), but continuing stable work. And some networks break down like Solana did a month ago. It shows that Solana has not been perfect yet, but I am sure that developers took this case into account and they are working on this issue, so just give a discount for the youth of the project.

their attention to the development of solana can be seen until now solana has finally returned, let alone positive sentiment also occurs in bitcoin, of course it also indirectly affects other altcoins including solana, after a rather deep correction, solana finally bounced back, and on the other hand confidence investors are also influential

[bbc.reporter]

According to the twitter account called @Wublockchain, the Solana network was again down from 2:00 in the morning to 7:00, UTC +8. This is 5 hours. The attacker was suspected to be using spam to direct a ddos attack.

I was before optimistic on Solana and I was also speculating it to be the Binance smart chain killer. However, it appears that Justin Sun’s supposed to be scam Tron network is doing a better performance record that Solana hehehe.

Would Sam Bankman-Fried, who is Solana’s biggest supporter, begin to copy CZ’s strategy for BNB and create a blockchain network for FTX’s FTT?

[magneto]

According to the twitter account called @Wublockchain, the Solana network was again down from 2:00 in the morning to 7:00, UTC +8. This is 5 hours. The attacker was suspected to be using spam to direct a ddos attack.

I was before optimistic on Solana and I was also speculating it to be the Binance smart chain killer. However, it appears that Justin Sun’s supposed to be scam Tron network is doing a better performance record that Solana hehehe.

Would Sam Bankman-Fried, who is Solana’s biggest supporter, begin to copy CZ’s strategy for BNB and create a blockchain network for FTX’s FTT?

Wouldn't be surprising at all.

At the end of the day the altcoin scene is just a giant circlejerk where all the founders come together and copy each other/fork each others' projects to raise capital.

Most of these transactions will be completely useless in nature and people don't care as long as they make money - just look at how people are ignoring these huge issues with the SOL blockchain.

[gmatej]

Securing the network or protecting against DDOS is very hard with small fees or no fees. Eventually they will figure it out. But if you are a pioneer you will need to solve issues not seen before.