The Solana Network has been facing some major issues lately, leading to transaction disruptions and validators opting for a network restart. This has caused a stir in the crypto community, with many members expressing their concerns on social media.
The most recent incident occurred on Feb. 25, when the Solana network suffered performance degradation issues. This led to NFT artist Crypto Tea questioning how the Solana blockchain made it to the top 10 list while having such performance issues. Solana Mobile developer Andrew Watson responded, saying they chose “security over liveness” and that they are “in it for the long haul.”
Other community members started to compare Solana to Ethereum and Bitcoin. A Twitter user highlighted that Ethereum went with the slow but sure route, while Solana chose to move fast while sometimes breaking. Meanwhile, a Bitcoin user pointed out how Bitcoin never needs a restart in the midst of Solana’s network issues.
The Solana Foundation published an update on Feb. 27, saying that the Solana mainnet Beta was successfully restarted on Feb. 26 and that “no confirmed user transactions were rolled back or impacted.” However, the team noted that the root cause of the problem remains unknown and is still under investigation.
The Solana blockchain has had some notable outages in the past, including a major outage caused by a denial-of-service attack by bots in Sept. 2021, a seven-hour outage caused by bots in May 2022, and a consensus failure due to a bug in June 2022.
It remains to be seen how the Solana network will address these issues and whether it will be able to maintain its position as a top 10 cryptocurrency. In the meantime, the crypto community will be watching closely to see how the situation develops.