As the Solana network suffers another setback, members of the crypto community took to social media to voice various concerns, even comparing the blockchain to other projects like Ethereum and Bitcoin.
On February 25, the Solana network faced performance degradation issues, which caused transaction outages, leading validators to opt for a network restart. Tired of the same old story, members of the community spoke out on Twitter, with some even questioning Solana’s (SOL) position as a major cryptocurrency.
Amid the network woes, non-fungible token (NFT) artist Crypto Tea questioned how the Solana blockchain made it into the top 10 with such performance issues. She said:
Solana is down for a coordinated restart
A tech issue was throttling transactions and the blockchain started to unexpectedly fork
How is this position in the top 10 crypto list?
— Crypto Tea (@CryptoTea_) February 25, 2023
In response to the tweet, Andrew Watson, developer at Solana Mobile, said that they had chosen “security over convenience” and noted that they are “in it for the long haul.” In response to Watson, another community member raised other concerns, such as putting DeFi protocols at risk of insolvency.
Other community members also started comparing Solana to Ethereum and Bitcoin. A member of the community stressed in a Twitter thread that Ethereum took the long but safe path, while Solana opted to move fast though sometimes crashing. The Twitter user claimed that while Solana’s approach is riskier, it also paves the way for faster innovation.
On the other hand; Amid Solana’s Latest Trouble, a Bitcoin (BTC) Enthusiast Toohe pointed how BTC never needed a network reset.
On February 27, the Solana Foundation posted a new update on the issue. According to the team, the Solana mainnet beta was restarted without issue on February 26, and “no user transactions have been confirmed to have been returned or affected.” However, the team let it be known that, so far, the root of the problem has not been identified and they will continue to investigate the network to find it.
The Solana network has suffered some major drops over the years. In September 2021, a denial of service attack by spamming bots on Raydium caused a serious crash. In May 2022, a wave of bots invaded the network, causing a seven-hour outage. In June 2022, a consensus failure due to a bug caused another crash, sending the price of the SOL token plummeting.
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