Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Solana Forum => Topic started by: pakhitheboss on June 28, 2024, 07:40:55 AM
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This is a really interesting article that I came across on the Solana network. Solana came as an Ethereum killer but the fastest and low-cost blockchain never works. It is now getting negative coverage for its network congestion and failure to process 50k transactions per second. The max it has done is 1000 transactions in real-world conditions with a waiting time of 30-60 seconds. Thanks to the meme coin craze on its network after April 75% of normal transactions are failing.
With the ETF filing on the way, such negative news might impact the future of the Solana network. What do you guys think?
https://cointelegraph.com/news/solana-fast-low-cost-simply-never-works
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
I agree that Solana is going through some what similar phase as Ethereum did earlier. The big difference here is that the Solana network congestion is causing the network to fail whereas with Ethereum the network did not fail only that the transaction fee surged. Solana has become the favourite network for meme coins, which is one of the big reason for the congestion. They did try to resolve this issue by a patch but due to rising transaction it did not work as expected by the team.
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
I agree that Solana is going through some what similar phase as Ethereum did earlier. The big difference here is that the Solana network congestion is causing the network to fail whereas with Ethereum the network did not fail only that the transaction fee surged. Solana has become the favourite network for meme coins, which is one of the big reason for the congestion. They did try to resolve this issue by a patch but due to rising transaction it did not work as expected by the team.
even though sometimes Solana often experiences failures in processing transactions, I still like it and even though many people say Solana will fail if the power outage is not repaired, but until now the Solana community is growing and the Solana ecosystem continues to grow, I'm sure that Solana developers are looking for a solution to overcome this problem. the problem is all of that and as a Solana lover I believe that Solana will continue to grow like its toughest competitor at the moment, everything takes time and a process, I'm sure of that
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such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive,
Expensive network fees can be the basis of ETH premium prices. Due to the surge in ecosystem activity, the need for ETH just to fund these activities increases which means it affects the price. But it doesn't interfere with the performance of the blockchain network anyway, and people are willing to accept the current recommended fee whatever it is without worrying about transaction failure or even just being a little late.
I've expressed in other threads that I'm a bit pessimistic that solana will be approved sooner, I think the criteria from the technical side aren't yet mature. Let's wait and see...
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There is a difference between 50k transactions per second and 1000 transactions in real-world conditions. The number of transactions per second and the number of transactions that can be added to the block without problems, along with the average waiting time to ensure that the transaction is final, are numbers that differ.
For me, the fastest blockchain is when anyone can complete any transaction at any time, in an average of 30 seconds, the fees are low, the transaction is successful, and the blockchain is crowded. Otherwise, the blockchain has not been tested to confirm this.
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such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive,
Expensive network fees can be the basis of ETH premium prices. Due to the surge in ecosystem activity, the need for ETH just to fund these activities increases which means it affects the price. But it doesn't interfere with the performance of the blockchain network anyway, and people are willing to accept the current recommended fee whatever it is without worrying about transaction failure or even just being a little late.
I've expressed in other threads that I'm a bit pessimistic that solana will be approved sooner, I think the criteria from the technical side aren't yet mature. Let's wait and see...
Transaction fee is an issue in the Ethereum ecosystem and that is why it has a layer 2 solution to counter the fee. Further, I have never heard that there was a network outrage on the Ethereum network. Solana is still growing in the growing phase if it's a blockchain phase then it will not be able to survive in the long run. For now, the biggest competitor of Solana is the TON network the way it has been rising in a few years it will surely overtake Solana.
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For me, the fastest blockchain is when anyone can complete any transaction at any time, in an average of 30 seconds, the fees are low, the transaction is successful, and the blockchain is crowded. Otherwise, the blockchain has not been tested to confirm this.
I have yet to encounter that perfect network where transaction fees are low, fast, and nothing fails.
In reality, nothing is perfect, all networks have their own advantages and disadvantages. The L2 (Arbitrum) network alone experienced an increase in transaction fees due to the large number of transaction requests from transfers.
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Did they delete the article? :o
There is a difference between 50k transactions per second and 1000 transactions in real-world conditions. The number of transactions per second and the number of transactions that can be added to the block without problems, along with the average waiting time to ensure that the transaction is final, are numbers that differ.
The thing is that there will never be 50 000 real transactions!
The problem lies in validators' votes and RPC capacity, assuming 0.5 s and average voters efficiency you will get 30 000 votes and only 20 000 transactions, but that will be like something close to peak test environment.
As I mentioned for dot, the requirements for sol do start being absurd :
CPU 12 cores / 24 threads, or more
RAM 256GB or more
Internet service should be at least 1GBbit/s symmetric, commercial. 10GBit/s preferred
Actual transaction to vote ratio is around 20%, and in the current environment, more complex tx with more data will bring it probably down to 5-10%, it would even reach a point where more validators would trigger more clog than speed.
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I think the Solana team is working on this congestion issue. Although I hardly encounter failed transactions on Solana, for a network to be able to process 50,000 transactions per second, it looks like multiple upgrades will need to be done on the network to achieve that.
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I think the Solana team is working on this congestion issue. Although I hardly encounter failed transactions on Solana, for a network to be able to process 50,000 transactions per second, it looks like multiple upgrades will need to be done on the network to achieve that.
I have serious doubt that you have not encountered an outrage of the network. There is a big difference between congestion and outrage. A congestion leads to delay in confirmation whereas an outrage means the network went down. If you have not face such a problem with Solana network then you are lucky. Do go through the Binance USDT withdrawal and you will find that it is always suspended, why because Solana is facing network failure.
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such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive,
Expensive network fees can be the basis of ETH premium prices. Due to the surge in ecosystem activity, the need for ETH just to fund these activities increases which means it affects the price. But it doesn't interfere with the performance of the blockchain network anyway, and people are willing to accept the current recommended fee whatever it is without worrying about transaction failure or even just being a little late.
I've expressed in other threads that I'm a bit pessimistic that solana will be approved sooner, I think the criteria from the technical side aren't yet mature. Let's wait and see...
Maybe that can happen because the reality is that Solana still has a lot to fix and needs to be improved again Solana's journey will not be as easy as Ethereum journey to be accepted by ETF.
Although it is very difficult for Solana, many people have hopes for Solana, including me.
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I have yet to encounter that perfect network where transaction fees are low, fast, and nothing fails.
In reality, nothing is perfect, all networks have their own advantages and disadvantages. The L2 (Arbitrum) network alone experienced an increase in transaction fees due to the large number of transaction requests from transfers.
Tron is a good blockchain mainly used to transact USDT due to the low fee and blockchain durability. I have been using both TRX and USDT and I won't say it is perfect but I have not faced any issues. The only issue is that it is not as hyped as Ethereum or Solana because it does not yet have a large ecosystem like these two have. That can be the reason that most transactions on Tron are smoother and faster than on these two networks and the fee is still less as compared to them.
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
I don't fully understand Solana's POS and POH, but it seems less stable than many POS blockchains like Ether or Cardano. The Solana team still can't predict and solve problems when the network reaches its tps limits, especially when Solana experiences memecoin and DeFi trends.
However, the price increase of SOL token shows that investors aren't too worried about Solana blockchain's stability. As long as money keeps flowing into Solana ecosystem, as long as we have more users and the number of tx remains high, SOL will still be a worthy token to buy & hold to profits in this uptrend :)
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I don't fully understand Solana's POS and POH, but it seems less stable than many POS blockchains like Ether or Cardano. The Solana team still can't predict and solve problems when the network reaches its tps limits, especially when Solana experiences memecoin and DeFi trends.
The Solana team knows the answers to this, unfortunately, it has to go in only two directions to be solved:
- increased hardware capacity, you can read about the minimum node requirement in my previous post
- increased centralization by cutting down validators thus numbers of votes that put a string on the network
Neither is a good solution
However, the price increase of SOL token shows that investors aren't too worried about Solana blockchain's stability.
Ethereum Classic was successfully attacked in a 51% attack 5 times, it still refuses to die!
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
Congestion in the solanan network due to high traffic and it seems like solanan dev should start thinking about it, and it is normal for a network that is not as long as ethereum. Ethereum is the most secure and smooth network even though it used to have very expensive gas fees. Now ethereum has been able to lower its gas fees.
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Yes, you’re right. Solana has faced significant issues with network congestion and downtime, which are partly due to the popularity of meme coins and other high-transaction activities. Ethereum's earlier issues with high transaction fees, particularly during the 2017 and 2020-2021 bull markets, did not lead to complete network failures but did make transactions expensive. Despite attempts to address these problems with patches and upgrades, maintaining network stability and performance remains a significant challenge.
In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
I agree that Solana is going through some what similar phase as Ethereum did earlier. The big difference here is that the Solana network congestion is causing the network to fail whereas with Ethereum the network did not fail only that the transaction fee surged. Solana has become the favourite network for meme coins, which is one of the big reason for the congestion. They did try to resolve this issue by a patch but due to rising transaction it did not work as expected by the team.
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such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive,
Expensive network fees can be the basis of ETH premium prices. Due to the surge in ecosystem activity, the need for ETH just to fund these activities increases which means it affects the price. But it doesn't interfere with the performance of the blockchain network anyway, and people are willing to accept the current recommended fee whatever it is without worrying about transaction failure or even just being a little late.
I've expressed in other threads that I'm a bit pessimistic that solana will be approved sooner, I think the criteria from the technical side aren't yet mature. Let's wait and see...
Transaction fee is an issue in the Ethereum ecosystem and that is why it has a layer 2 solution to counter the fee. Further, I have never heard that there was a network outrage on the Ethereum network. Solana is still growing in the growing phase if it's a blockchain phase then it will not be able to survive in the long run. For now, the biggest competitor of Solana is the TON network the way it has been rising in a few years it will surely overtake Solana.
Yes, that's right with transaction fees that are more expensive than others Ethereum provides speed and success of transactions even though you have to wait a little longer but transactions on Ethereum are guaranteed to be successful as long as the balance is sufficient to pay transaction fees.
It's not that the more coins or tokens that are accepted or ETF that make crypto better in the future, right?
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
I don't fully understand Solana's POS and POH, but it seems less stable than many POS blockchains like Ether or Cardano. The Solana team still can't predict and solve problems when the network reaches its tps limits, especially when Solana experiences memecoin and DeFi trends.
However, the price increase of SOL token shows that investors aren't too worried about Solana blockchain's stability. As long as money keeps flowing into Solana ecosystem, as long as we have more users and the number of tx remains high, SOL will still be a worthy token to buy & hold to profits in this uptrend :)
Yeah, it seems like investors are not worried about Solana, many new projects are using the Solana network even though we hear that the Solana network sometimes gets stuck when traffic is high but the Solana team will definitely improve their project so we don't need to worry.
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
I don't fully understand Solana's POS and POH, but it seems less stable than many POS blockchains like Ether or Cardano. The Solana team still can't predict and solve problems when the network reaches its tps limits, especially when Solana experiences memecoin and DeFi trends.
Oh, so it turns out that the way Solana coin works is different, huh? Ethereum and Cardano are POS and Soalan is POH. Can you explain a little about the difference between POS and POH?
However, the price increase of SOL token shows that investors aren't too worried about Solana blockchain's stability. As long as money keeps flowing into Solana ecosystem, as long as we have more users and the number of tx remains high, SOL will still be a worthy token to buy & hold to profits in this uptrend :)
The law of economic conservation is that when money comes in, the project is running. If Solana investors and traders continue to be present, then it is certain that the Solana coin will continue to rise, right?
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Yeah, it seems like investors are not worried about Solana, many new projects are using the Solana network even though we hear that the Solana network sometimes gets stuck when traffic is high but the Solana team will definitely improve their project so we don't need to worry.
The solana network congestion while waiting for traffic must have been thought of a solution by the dev team, so we don't need to worry, the solana project we see is quite good. There are many meme coins that use the solana network and we will see their prices increase next year during the bull season.
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Solana must make improvements from all the negative things that exist, and one of the most disturbing is the Solana network congestion. The competition for crypto services is very high, not only cheap network fees, but smooth transactions without congestion are also very much needed. And from these incidents I am optimistic, Solana will be better than before.
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The concerns about Solana's network performance, particularly its inability to consistently deliver on the promise of high transaction throughput, are valid. Solana's reputation as a fast and low-cost blockchain has taken a hit due to these network issues, especially with the surge in meme coin activity causing congestion and transaction failures. The discrepancy between the advertised 50,000 transactions per second TPS and the actual performance, which is far lower in real-world conditions, has raised doubts about the network's scalability.
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Congestion of Solana coin since im here never heard that but after i read about informations from OP is very interesting to discussion. Low cost and super fast transactions maybe this efect for Congestion because every user or investor choosing Solana coin for his asset or investment. Law of way = if way full with car is congested and if way unfull car is fine and calm. This is my probality about Solana coin and Car on the Way.
I don't fully understand Solana's POS and POH, but it seems less stable than many POS blockchains like Ether or Cardano. The Solana team still can't predict and solve problems when the network reaches its tps limits, especially when Solana experiences memecoin and DeFi trends.
However, the price increase of SOL token shows that investors aren't too worried about Solana blockchain's stability. As long as money keeps flowing into Solana ecosystem, as long as we have more users and the number of tx remains high, SOL will still be a worthy token to buy & hold to profits in this uptrend :)
Yeah, it seems like investors are not worried about Solana, many new projects are using the Solana network even though we hear that the Solana network sometimes gets stuck when traffic is high but the Solana team will definitely improve their project so we don't need to worry.
Recently, I have noticed that until now the main tools of hackers or scammers were their use of the Sol network in making meme coins to defraud the crypto community, because they only needed a small amount of money to do it.
And they can easily create a meme token to release this potential, and they also know that many people are hoping for a quick profit where they immediately see it in meme coins, so just a reminder that not all meme coins in Solana are potential, but most of it is just hype and ragpull that ends in the end.
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Recently, I have noticed that until now the main tools of hackers or scammers were their use of the Sol network in making meme coins to defraud the crypto community, because they only needed a small amount of money to do it.
And they can easily create a meme token to release this potential, and they also know that many people are hoping for a quick profit where they immediately see it in meme coins, so just a reminder that not all meme coins in Solana are potential, but most of it is just hype and ragpull that ends in the end.
The solanan network is currently popular, that's why there are many scammers there. Actually, not only in the solanan network in ethereum, BNB, TON, Tron etc. there are also many scammers. so always be careful when making transactions or buying coins that are not top coins.
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And they can easily create a meme token to release this potential, and they also know that many people are hoping for a quick profit where they immediately see it in meme coins, so just a reminder that not all meme coins in Solana are potential, but most of it is just hype and ragpull that ends in the end.
Isn't this true for other chains too? It's relatively easy to launch new tokens hence why there are tons of phishing tokens out there. The older and more popular your chain is, the number of scam tokens will increase. It's up to the user to filter them out, even if some explorers or wallets automatically filter out those fake tokens. While these scam tokens might be one of the reasons why the tps is so low, I think Solana network reliability has been a key issue since its first launch.
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The older and more popular your chain is, the number of scam tokens will increase
I doubt older being a metric, it would mean Ethereum being still a scammer paradise outshinign everyone else when it's not!
I would hype, novelty then fees spent to issue coins!
That aside, seems like Sol fees are going down to the lowest in 3 months despite usage growing, mainly because of voting transactions going down, this means a change in validators but can't find any graph on that!
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That aside, seems like Sol fees are going down to the lowest in 3 months despite usage growing, mainly because of voting transactions going down, this means a change in validators but can't find any graph on that!
Is this a good sign for the stability of the Solana network and a result of the updates from Solana Devs after the most recent outage? I’m not really good at blockchain technology and only understand basic concepts like speed, consensus mechanisms, and network congestion points. If no serious issues arise when Solana is overloaded/busy, I don’t think we’ll have any more Solana outages in this cycle.
Anyway, an outage isn’t a serious problem if the SOL price continues to rise and brings huge profits to investors. All mistakes can be forgiven if they don’t directly affect investors’ accounts, especially now that Solana doesn’t have many real users yet, and most are investors looking for profits in this vibrant ecosystem.
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Anyway, an outage isn’t a serious problem if the SOL price continues to rise and brings huge profits to investors. All mistakes can be forgiven if they don’t directly affect investors’ accounts, especially now that Solana doesn’t have many real users yet, and most are investors looking for profits in this vibrant ecosystem.
Solana's network has been without outages for some time now
What can be very bad about an outage is when you have money in the DeFi protocols and need to pay an urgent collateral and the network doesn't work, causing you to be liquidated if prices rise or fall quickly
It's quite complicated when this happens and you have to keep trying over and over again without success
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Anyway, an outage isn’t a serious problem if the SOL price continues to rise and brings huge profits to investors. All mistakes can be forgiven if they don’t directly affect investors’ accounts, especially now that Solana doesn’t have many real users yet, and most are investors looking for profits in this vibrant ecosystem.
Solana's network has been without outages for some time now
What can be very bad about an outage is when you have money in the DeFi protocols and need to pay an urgent collateral and the network doesn't work, causing you to be liquidated if prices rise or fall quickly
It's quite complicated when this happens and you have to keep trying over and over again without success
Yeah, that never happened to me, but it sounds disastrous.
I've also heard that SOL is working on a new validator client for them, Firedancer was its name, as I remember.
Maybe it will bring more innovation to the table and solve some problems along the way.
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Anyway, an outage isn’t a serious problem if the SOL price continues to rise and brings huge profits to investors. All mistakes can be forgiven if they don’t directly affect investors’ accounts, especially now that Solana doesn’t have many real users yet, and most are investors looking for profits in this vibrant ecosystem.
Solana's network has been without outages for some time now
What can be very bad about an outage is when you have money in the DeFi protocols and need to pay an urgent collateral and the network doesn't work, causing you to be liquidated if prices rise or fall quickly
It's quite complicated when this happens and you have to keep trying over and over again without success
Yeah, that never happened to me, but it sounds disastrous.
I've also heard that SOL is working on a new validator client for them, Firedancer was its name, as I remember.
Maybe it will bring more innovation to the table and solve some problems along the way.
yeah it has been in the works since 2022 and they have successfully built the first block on solana just a few months ago this is huge for solana because they say the addition of firedancer can increase process about a million TPS and the addition of them will be good for security as well as decentralization
we know how famous solana blockchain is these days so i am glad it is taking into the right direction
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Is this a good sign for the stability of the Solana network and a result of the updates from Solana Devs after the most recent outage? I’m not really good at blockchain technology and only understand basic concepts like speed, consensus mechanisms, and network congestion points. If no serious issues arise when Solana is overloaded/busy, I don’t think we’ll have any more Solana outages in this cycle.
Depends, the improvement came from fewer votes needed for consensus between validators.
https://www.theblock.co/data/on-chain-metrics/solana
Less votes you need, more tx you can handle, less traffic processed by the same validators, fewer possibilities of conflict and stalling with empty decisions as validators can't communicate as it happened before. It's all good till you realize this happens because there are fewer people to agree on something, so more centralization. Pick your poison decision! ;)
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Solana must make improvements from all the negative things that exist, and one of the most disturbing is the Solana network congestion. The competition for crypto services is very high, not only cheap network fees, but smooth transactions without congestion are also very much needed. And from these incidents I am optimistic, Solana will be better than before.
Yes you are right if Solana does not improve the quality of the network then many people will move to another network now the TONcoin network has begun to be widely used even though not all exchanges support the TON network but on Binance it can already use the TON network for USDT withdrawals with very cheap fees.
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Solana has been serving their purpose. Still one of my favorite blockchain. When most of the negative feedbacks begins to take the stage, it's simply a way of trying to make users to explore other options to avoid monopoly. Developers are turning to TON blockchain at the moment in several ways. But let's watch it. However, Solana still doing well with their network so far.
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Solana has been serving their purpose. Still one of my favorite blockchain. When most of the negative feedbacks begins to take the stage, it's simply a way of trying to make users to explore other options to avoid monopoly. Developers are turning to TON blockchain at the moment in several ways. But let's watch it. However, Solana still doing well with their network so far.
TON is good too, both of them serve their purposes and have their problems (just remember TON when DOGS arrived with the drop ;D).
And with a new validator client, SOL might become even better in the time to come.
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It's a good idea for novice investors to think about several factors before investing in SOL. Bearing in mind that in the last few weeks the Sol network system has experienced problems, not to mention the approval from the American president which has yet to be issued. Because if we insist on saving large amounts of these coins, we have to consider the benefits what we will achieve or losses that we can bear. But there is no harm if you buy some of these coins with notes as I explained earlier.
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It's a good idea for novice investors to think about several factors before investing in SOL. Bearing in mind that in the last few weeks the Sol network system has experienced problems, not to mention the approval from the American president which has yet to be issued. Because if we insist on saving large amounts of these coins, we have to consider the benefits what we will achieve or losses that we can bear. But there is no harm if you buy some of these coins with notes as I explained earlier.
Especially if you intend to hold them - that would be the best course of action, in my opinion. And, you are right - nothing wrong would be there, from my point of view.
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With the ETF filing on the way, such negative news might impact the future of the Solana network. What do you guys think?
https://cointelegraph.com/news/solana-fast-low-cost-simply-never-works
This will definitely be bad news for Solana coin, especially in a position to work with ETF. Let alone work with ETF because in this way which looks fast but the evidence is very slow is something that is very abnormal for Solana coin to succeed in the future. I am also sure that ETF will not easily accept Solana coin because in fact at this time something that can work with ETF is a coin that has a very strong level of investor confidence.
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Solana must make improvements from all the negative things that exist, and one of the most disturbing is the Solana network congestion. The competition for crypto services is very high, not only cheap network fees, but smooth transactions without congestion are also very much needed. And from these incidents I am optimistic, Solana will be better than before.
Yes you are right if Solana does not improve the quality of the network then many people will move to another network now the TONcoin network has begun to be widely used even though not all exchanges support the TON network but on Binance it can already use the TON network for USDT withdrawals with very cheap fees.
I agree with you that Solana should improve its network to remain popular and used by many projects because currently TON is also popular and many airdrop events use the TON network. I hope that the three networks BNB, TON and solanan can be competitors for ethereum so that we as users have many choices.
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I agree with you that Solana should improve its network to remain popular and used by many projects because currently TON is also popular and many airdrop events use the TON network. I hope that the three networks BNB, TON and solanan can be competitors for ethereum so that we as users have many choices.
I agree that Solana should improve its network to stay competitive. TON is gaining popularity especially with free token giveaways. Competition between BNB, TON, Solana, and Ethereum is good for users leading to better performance, security, new ideas lower costs and more options.
This competition helps blockchain space grow and improve and I hope Solana takes action to stay competitive.
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
What's IOT, friend?
But I am happy that you accumulate SOL for the future to come.
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Solana must make improvements from all the negative things that exist, and one of the most disturbing is the Solana network congestion. The competition for crypto services is very high, not only cheap network fees, but smooth transactions without congestion are also very much needed. And from these incidents I am optimistic, Solana will be better than before.
Yes you are right if Solana does not improve the quality of the network then many people will move to another network now the TONcoin network has begun to be widely used even though not all exchanges support the TON network but on Binance it can already use the TON network for USDT withdrawals with very cheap fees.
I agree with you that Solana should improve its network to remain popular and used by many projects because currently TON is also popular and many airdrop events use the TON network. I hope that the three networks BNB, TON and solanan can be competitors for ethereum so that we as users have many choices.
We all have the same opinion, because one of the problems that they have to fix is the network. Many people will be disappointed when they transact on the solana network and get obstacles and even if it happens like some time ago.
This will have big consequences, but luckily they have a solid community. Because if they didn't have that, they might have been abandoned by now. This must be their concern to be able to maximize performance.
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
philipma, are you only invest in SOL in an exchange or do you use the solana network too?
Any DeFi or app?
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
That's right. With the cheap transaction fees on Solana, we also have to be prepared for the risk of network problems. This is different from Ethereum, whose transaction fees are quite more expensive than Solana. But it promises a connection that won't have problems. But I think there won't be network problems on Solana. it will continue to be problematic forever. Maybe in some time, Solana can provide a good transaction network at an adequate price
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees. experiencing transaction congestion. Now there is news about Solana experiencing transaction congestion and failure to process transactions. This is normal because Solana's increasing interest may be the impact of the ongoing ETF application.
That's right. With the cheap transaction fees on Solana, we also have to be prepared for the risk of network problems. This is different from Ethereum, whose transaction fees are quite more expensive than Solana. But it promises a connection that won't have problems. But I think there won't be network problems on Solana. it will continue to be problematic forever. Maybe in some time, Solana can provide a good transaction network at an adequate price
With the new validator client, Firedancer, which, quote: Seeks to optimize hardware utilization and reduce software inefficiencies, pushing Solana’s performance to new heights.
I do think that the outages will be gone soon, or in the distant future. The thing is that SOL doesn't stay in one place as well and evolves.
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I agree with you that Solana should improve its network to remain popular and used by many projects because currently TON is also popular and many airdrop events use the TON network. I hope that the three networks BNB, TON and solanan can be competitors for ethereum so that we as users have many choices.
We all have the same opinion, because one of the problems that they have to fix is the network. Many people will be disappointed when they transact on the solana network and get obstacles and even if it happens like some time ago.
This will have big consequences, but luckily they have a solid community. Because if they didn't have that, they might have been abandoned by now. This must be their concern to be able to maximize performance.
Cryptocurrency competition is getting tighter, each crypto Blockchain is competing to provide the best service so that people are sure and believe in the Blockchain, and most importantly the security of our assets.
A Blockchain must improve what is lacking, otherwise over time the block will be upgraded and switch to another better Network.
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In my opinion, this is a natural occurrence because the Ethereum network has also experienced the same thing, the only difference is that Ethereum continues to develop, each network has its own advantages and disadvantages, such as Ethereum which can accommodate thousands of transactions but transaction fees are expensive, while Solana has cheap but frequent transaction fees.
Network congestions are one of the most direct cause of increase in fees which can be quite annoying sometimes. I don't transact much with altcoins like Ethereum and solana, however for the case of Ethereum , for as long as a can remember their fees are just way too high. Infact most times I try to avoid making use of something like USDT on the Ethereum network just to make sure my fees are minimal.
Anyways I think one cause of the congestion on the network in cases like this is because of the pile of tokens and other altcoins that are launched on the Ethereum or solana. For a long time now most tokens or meme coins I come across are usually on either the solana or Ethereum network.
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
What's IOT, friend?
But I am happy that you accumulate SOL for the future to come.
oh i have a helium hot spot miner. it mines IOT
https://www.helium.com/mine
sits in my attic burns almost no power. earns around 150 IOT (depends on where you live)
they go to a wallet that uses solona and allows me to swap the IOT for Solana.
easy peasy dca of solana and supports solana with mining but not directly. also there are about 500,000 low power hotspots in north america. since I push pow mining I support this.
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
What's IOT, friend?
But I am happy that you accumulate SOL for the future to come.
oh i have a helium hot spot miner. it mines IOT
https://www.helium.com/mine
sits in my attic burns almost no power. earns around 150 IOT (depends on where you live)
they go to a wallet that uses solona and allows me to swap the IOT for Solana.
easy peasy dca of solana and supports solana with mining but not directly. also there are about 500,000 low power hotspots in north america. since I push pow mining I support this.
Interesting, never heard about it too, I will look into how much that would be in perspective. Thanks!
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just swapped 5000 IOT for some solana.
slowly stacking some solana this way.
I simply use my hot spot to mine IOT and trade for solana.
What's IOT, friend?
But I am happy that you accumulate SOL for the future to come.
oh i have a helium hot spot miner. it mines IOT
https://www.helium.com/mine
sits in my attic burns almost no power. earns around 150 IOT (depends on where you live)
they go to a wallet that uses solona and allows me to swap the IOT for Solana.
easy peasy dca of solana and supports solana with mining but not directly. also there are about 500,000 low power hotspots in north america. since I push pow mining I support this.
Interesting, never heard about it too, I will look into how much that would be in perspective. Thanks!
it is not a lot of money. but the wallet holding the IOT mining allows seamless conversion to Solana. And you can pretty much painlessly stack the Solana in-that wallet you have the keysand the coins are secure. you would stack one or two solana in a year. no one has the address and you are untracked until you spend them
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We all have the same opinion, because one of the problems that they have to fix is the network. Many people will be disappointed when they transact on the solana network and get obstacles and even if it happens like some time ago.
This will have big consequences, but luckily they have a solid community. Because if they didn't have that, they might have been abandoned by now. This must be their concern to be able to maximize performance.
Cryptocurrency competition is getting tighter, each crypto Blockchain is competing to provide the best service so that people are sure and believe in the Blockchain, and most importantly the security of our assets.
A Blockchain must improve what is lacking, otherwise over time the block will be upgraded and switch to another better Network.
Like it or not, like it or not, it is something that will always be there in this crypto space, they have to compete to provide their best service to users. When they can provide that, then they will be trusted even more.
Trust here is very important, especially trust about a good network. That will be an added value for them. This will always be there and is also reciprocal and mutually beneficial.
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We all have the same opinion, because one of the problems that they have to fix is the network. Many people will be disappointed when they transact on the solana network and get obstacles and even if it happens like some time ago.
This will have big consequences, but luckily they have a solid community. Because if they didn't have that, they might have been abandoned by now. This must be their concern to be able to maximize performance.
Cryptocurrency competition is getting tighter, each crypto Blockchain is competing to provide the best service so that people are sure and believe in the Blockchain, and most importantly the security of our assets.
A Blockchain must improve what is lacking, otherwise over time the block will be upgraded and switch to another better Network.
Like it or not, like it or not, it is something that will always be there in this crypto space, they have to compete to provide their best service to users. When they can provide that, then they will be trusted even more.
Trust here is very important, especially trust about a good network. That will be an added value for them. This will always be there and is also reciprocal and mutually beneficial.
It's great when competition goes to the point where innovation leads the way, it's a healthy way of it, in my opinion.
Though sometimes it doesn't go that way and we may see it only as a race for a cap or something along the lines of it ;D
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We all have the same opinion, because one of the problems that they have to fix is the network. Many people will be disappointed when they transact on the solana network and get obstacles and even if it happens like some time ago.
This will have big consequences, but luckily they have a solid community. Because if they didn't have that, they might have been abandoned by now. This must be their concern to be able to maximize performance.
Cryptocurrency competition is getting tighter, each crypto Blockchain is competing to provide the best service so that people are sure and believe in the Blockchain, and most importantly the security of our assets.
A Blockchain must improve what is lacking, otherwise over time the block will be upgraded and switch to another better Network.
Like it or not, like it or not, it is something that will always be there in this crypto space, they have to compete to provide their best service to users. When they can provide that, then they will be trusted even more.
Trust here is very important, especially trust about a good network. That will be an added value for them. This will always be there and is also reciprocal and mutually beneficial.
That's what I said above that Blockchain cryptocurrency must give the best to people If you want to get full trust, because if not, the Blockchain will definitely be abandoned. Moreover, the competition is tight, there are many new Blockchain options. So that will be a challenge for a blockchain, which of course will benefit us a little too.
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That's right. With the cheap transaction fees on Solana, we also have to be prepared for the risk of network problems. This is different from Ethereum, whose transaction fees are quite more expensive than Solana.
Actually Ethereum also sometimes has low fees. It's just that it's very unstable. When the price of ETH increases and the network conditions start to get crowded, then the fee for transactions on the Ethereum network can increase very high without a certain limit, even if it used to be hundreds of gwei, and this is one of the reasons why many other chain networks have emerged such as Tron, BSC, Solana and others that offer much lower and more stable fees at that number.
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Actually Ethereum also sometimes has low fees. It's just that it's very unstable. When the price of ETH increases and the network conditions start to get crowded, then the fee for transactions on the Ethereum network can increase very high without a certain limit, even if it used to be hundreds of gwei, and this is one of the reasons why many other chain networks have emerged such as Tron, BSC, Solana and others that offer much lower and more stable fees at that number.
The high demand and limitations of the network have led to congestion and high fees for Ether. This is not the case with newer blockchains like Sol and Avax, as they have better technology to handle more transactions. However, this also comes with a lack of stability when the network is pushed to its limits, resulting in outages and the network being down for hours.
Developers need to continue improving the network to meet the needs of users and investors. Everyone wants to save on transaction fees and wants to see their transactions processed quickly so as not to miss out on opportunities in this market. I hope that Solana developers have done that and we won't hear about any Solana outages during the 2025 uptrend.
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Actually Ethereum also sometimes has low fees. It's just that it's very unstable. When the price of ETH increases and the network conditions start to get crowded, then the fee for transactions on the Ethereum network can increase very high without a certain limit, even if it used to be hundreds of gwei, and this is one of the reasons why many other chain networks have emerged such as Tron, BSC, Solana and others that offer much lower and more stable fees at that number.
The high demand and limitations of the network have led to congestion and high fees for Ether. This is not the case with newer blockchains like Sol and Avax, as they have better technology to handle more transactions. However, this also comes with a lack of stability when the network is pushed to its limits, resulting in outages and the network being down for hours.
Developers need to continue improving the network to meet the needs of users and investors. Everyone wants to save on transaction fees and wants to see their transactions processed quickly so as not to miss out on opportunities in this market. I hope that Solana developers have done that and we won't hear about any Solana outages during the 2025 uptrend.
Did you hear about the Fire Dancer, a new validator client for Solana, as well as about FrankenDancer? What do you think about them, and do you think they would be able to use it to get rid of the problems that you described?
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Actually Ethereum also sometimes has low fees. It's just that it's very unstable. When the price of ETH increases and the network conditions start to get crowded, then the fee for transactions on the Ethereum network can increase very high without a certain limit, even if it used to be hundreds of gwei, and this is one of the reasons why many other chain networks have emerged such as Tron, BSC, Solana and others that offer much lower and more stable fees at that number.
The high demand and limitations of the network have led to congestion and high fees for Ether. This is not the case with newer blockchains like Sol and Avax, as they have better technology to handle more transactions. However, this also comes with a lack of stability when the network is pushed to its limits, resulting in outages and the network being down for hours.
Developers need to continue improving the network to meet the needs of users and investors. Everyone wants to save on transaction fees and wants to see their transactions processed quickly so as not to miss out on opportunities in this market. I hope that Solana developers have done that and we won't hear about any Solana outages during the 2025 uptrend.
It seems that Solana dev has made improvements to their project, because this year Soolana did not experience congestion during high traffic, whereas last year Solana experienced it. Currently there are many networks that we can use, and it benefits users to be able to choose which is the best. Ethereum, Solana, BNB, TON and Avax are good networks.
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It seems that Solana dev has made improvements to their project, because this year Soolana did not experience congestion during high traffic, whereas last year Solana experienced it. Currently there are many networks that we can use, and it benefits users to be able to choose which is the best. Ethereum, Solana, BNB, TON and Avax are good networks.
solana unexpectedly became a lot popular and experienced congestion as many projects choose solana even now we see many memecoins have chosen solana network to use solana really seems to have so much potential if they were able to improve this much
purpose is quite a good factor of profitable investments i am sure that many more projects would be choosing solana network so i have a lot of hope for solana’s price in the upcoming months
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It seems that Solana dev has made improvements to their project, because this year Soolana did not experience congestion during high traffic, whereas last year Solana experienced it. Currently there are many networks that we can use, and it benefits users to be able to choose which is the best. Ethereum, Solana, BNB, TON and Avax are good networks.
solana unexpectedly became a lot popular and experienced congestion as many projects choose solana even now we see many memecoins have chosen solana network to use solana really seems to have so much potential if they were able to improve this much
purpose is quite a good factor of profitable investments i am sure that many more projects would be choosing solana network so i have a lot of hope for solana’s price in the upcoming months
Solana has shown good progress last year and is still holding up now, but TON is also showing good progress this year, we can buy those two coins to hold until next year. I choose bitcoin, ethereum, BNB, solana and TON as the coins that I will hold until next year.
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It’s a tough spot for Solana! It came in with big promises but seems to be struggling under the weight of its own hype. 🚀💥 If it can’t handle the meme coin madness, it might need to rethink its marketing strategy! As for the ETF filing, let’s hope it doesn’t turn into a “buy the rumor, sell the news” situation. Solana might need a solid plan to regain some trust before it can truly compete with Ethereum!
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It seems that Solana dev has made improvements to their project, because this year Soolana did not experience congestion during high traffic, whereas last year Solana experienced it. Currently there are many networks that we can use, and it benefits users to be able to choose which is the best. Ethereum, Solana, BNB, TON and Avax are good networks.
solana unexpectedly became a lot popular and experienced congestion as many projects choose solana even now we see many memecoins have chosen solana network to use solana really seems to have so much potential if they were able to improve this much
purpose is quite a good factor of profitable investments i am sure that many more projects would be choosing solana network so i have a lot of hope for solana’s price in the upcoming months
Solana has shown good progress last year and is still holding up now, but TON is also showing good progress this year, we can buy those two coins to hold until next year. I choose bitcoin, ethereum, BNB, solana and TON as the coins that I will hold until next year.
I think that you also create an excellent decision in your post. We know that solana is one of the best profitable crypto in cryptocurrency market. Because if we follow in the past years, we can see that's years can also the best moment for solana price. If we want to invest or hold in any currency in cryptocurrency world, then i believe that bitcoin, ethereum, solana can be best profitable crypto in cryptocurrency world. I also think that in future solana could be overtake to ethereum. So i think that solana will be our best valuable assets in future.
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It seems that Solana dev has made improvements to their project, because this year Soolana did not experience congestion during high traffic, whereas last year Solana experienced it. Currently there are many networks that we can use, and it benefits users to be able to choose which is the best. Ethereum, Solana, BNB, TON and Avax are good networks.
solana unexpectedly became a lot popular and experienced congestion as many projects choose solana even now we see many memecoins have chosen solana network to use solana really seems to have so much potential if they were able to improve this much
purpose is quite a good factor of profitable investments i am sure that many more projects would be choosing solana network so i have a lot of hope for solana’s price in the upcoming months
Solana has shown good progress last year and is still holding up now, but TON is also showing good progress this year, we can buy those two coins to hold until next year. I choose bitcoin, ethereum, BNB, solana and TON as the coins that I will hold until next year.
I think that you also create an excellent decision in your post. We know that solana is one of the best profitable crypto in cryptocurrency market. Because if we follow in the past years, we can see that's years can also the best moment for solana price. If we want to invest or hold in any currency in cryptocurrency world, then i believe that bitcoin, ethereum, solana can be best profitable crypto in cryptocurrency world. I also think that in future solana could be overtake to ethereum. So i think that solana will be our best valuable assets in future.
Well, no doubt that this year 2024 has really shown a good performance that was not expected by the majority here in crypto the successful coins under the Solana network, they are also several actually that until now somehow are able to give good volume in the market and the others are also moderate.
But overall, the result that Solana has done up to now is still good because as time goes by, its marketcap continues to increase in the market at the moment, that is the truth that we cannot hide, and we will see that in the market.
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Solana's network congestion is an ongoing problem, especially during periods of high demand. Although Solana is known for its high throughput and low transaction costs, it has faced congestion issues in certain scenarios that have affected its reliability. Reasons around Solana's network congestion include: High throughput architecture
Solan's blockchain architecture is designed for high-speed transactions, theoretically handling 65,000 transactions per second (TPS). It achieves this by using a unique Proof-of-History (PoH) method combined with Proof-of-Stake (PoS). However, when transaction volume increases dramatically, this design sometimes leads to instability rather than seamless scaling.
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Right now I'm saving up Solana and I'll admit that the amount I have right now is not that big, though sometimes I also use the Sol network when I'm making a transaction so I can transfer crypto assets to other exchanges to do trading activities.
But regarding the OP's question about congestion on the Solana network, I haven't experienced any congestion on the Solana blockchain while I've been transacting here, almost everything is fine for me.
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Right now I'm saving up Solana and I'll admit that the amount I have right now is not that big, though sometimes I also use the Sol network when I'm making a transaction so I can transfer crypto assets to other exchanges to do trading activities.
But regarding the OP's question about congestion on the Solana network, I haven't experienced any congestion on the Solana blockchain while I've been transacting here, almost everything is fine for me.
It seems that the solana team has made improvements from the network congestion problem during high traffic, so I also don't hear this complaint anymore.
and I also keep solana in my wallet, just like you because I am only a small investor, I don't keep much solana either.
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Right now I'm saving up Solana and I'll admit that the amount I have right now is not that big, though sometimes I also use the Sol network when I'm making a transaction so I can transfer crypto assets to other exchanges to do trading activities.
But regarding the OP's question about congestion on the Solana network, I haven't experienced any congestion on the Solana blockchain while I've been transacting here, almost everything is fine for me.
It seems that the solana team has made improvements from the network congestion problem during high traffic, so I also don't hear this complaint anymore.
https://status.solana.com/uptime?page=1
Looking at information from Google with a search for "update solana chain from outage" then the top Solana status information will appear. I checked it and I found that Solana from December 2024 to March seemed stable and green aka safe, except I saw it in February there was a traffic jam and that must be a bad history for Solana.
and I also keep solana in my wallet, just like you because I am only a small investor, I don't keep much solana either.
Good, that's better than keeping Solana on CEX because CEX can freeze our assets without any prior notice. This story happens a lot and I often see it in our community. Btw, what wallet do you use to store Solana coins?
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All in all, with the year almost over, I think it was quite positive for SOL's network
I can only remember once having an outage and 3 times during the year when I witnessed a very high volume of transactions and had some difficulties making my transactions
1 time in particular it was practically impossible to have any transaction confirmation, and that was due to some bots on the network for the participation of a protocol that was supposed to have an airdrop
It sounds like a lot, but everything I've mentioned in a year has been smooth sailing
On the ETH network, for example, there were some peaks in transactions that also made it practically “impossible” to transact unless you paid more than 10 dollars for a simple tx or 50 dollars for a contract
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All in all, with the year almost over, I think it was quite positive for SOL's network
I can only remember once having an outage and 3 times during the year when I witnessed a very high volume of transactions and had some difficulties making my transactions
1 time in particular it was practically impossible to have any transaction confirmation, and that was due to some bots on the network for the participation of a protocol that was supposed to have an airdrop
It sounds like a lot, but everything I've mentioned in a year has been smooth sailing
On the ETH network, for example, there were some peaks in transactions that also made it practically “impossible” to transact unless you paid more than 10 dollars for a simple tx or 50 dollars for a contract
I also haven't heard any more congestion on the solana network and it is possible that the solana team has resolved this issue. I see solana as a potential coin to hold and is getting more popular now because the solana network is widely used.
ethereum gas fee is too high, this is the reason I use the solana network and BSC for transactions.
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All in all, with the year almost over, I think it was quite positive for SOL's network
I can only remember once having an outage and 3 times during the year when I witnessed a very high volume of transactions and had some difficulties making my transactions
1 time in particular it was practically impossible to have any transaction confirmation, and that was due to some bots on the network for the participation of a protocol that was supposed to have an airdrop
That means Solana is experiencing an outage on its blockchain and there is also an influence from Bots on the network, right?
And this Bot is used by participants to transact in the Airdrop event. Instead of wanting to get excessive rewards and profit, the Solana blockchain is Outage.
It sounds like a lot, but everything I've mentioned in a year has been smooth sailing
On the ETH network, for example, there were some peaks in transactions that also made it practically “impossible” to transact unless you paid more than 10 dollars for a simple tx or 50 dollars for a contract
I have also heard transactions on Ethereum that are absolutely true that you need more than 10 dollars to confirm and need more than 50 dollars to send tokens like USDT or token networks from erc20. I thought this was crazy but the transaction did not go down / outage , only the fees were very expensive. Damnnn!
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I also haven't heard any more congestion on the solana network and it is possible that the solana team has resolved this issue. I see solana as a potential coin to hold and is getting more popular now because the solana network is widely used.
ethereum gas fee is too high, this is the reason I use the solana network and BSC for transactions.
Lately I'm so used to doing my transactions on Solana's network, and on L2s like Arb, OP, Linea etc, that even BSC, which I used to use a lot, I'm finding it expensive to transact hehehe
That means Solana is experiencing an outage on its blockchain and there is also an influence from Bots on the network, right?
And this Bot is used by participants to transact in the Airdrop event. Instead of wanting to get excessive rewards and profit, the Solana blockchain is Outage.
Right now the network is fine, nothing is happened hehe :D
It was on the past, some months ago
I'll try to remember exactly which bot whey used
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Right now the network is fine, nothing is happened hehe :D
It was on the past, some months ago
I'll try to remember exactly which bot whey used
Ever with Solana network congetion but its happening last several months ago and I can't memorize well when its happening, right now network of Solana looks smooth and not get much problem just some time when any airdrop with Solana network get problem for claming or swapping coins at Solana DEX.
Last Pengu airdrop, have big problem with solana network but the airdrop participants not take longer time for claiming their Pengu coins, have rumor with JUP released the next phase airdrop and seems prepare for bit problem of Solana network after announcing many wallet get eligible.
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Right now the network is fine, nothing is happened hehe :D
It was on the past, some months ago
I'll try to remember exactly which bot whey used
......
Last Pengu airdrop, have big problem with solana network but the airdrop participants not take longer time for claiming their Pengu coins, have rumor with JUP released the next phase airdrop and seems prepare for bit problem of Solana network after announcing many wallet get eligible.
It seems that when you claim the PENGU airdrop from the Solana blockchain, it seems that there are many claims, so that the Solana blockchain also takes a long time to process each transaction. That is in contrast to our community here, which at that time did not seem crowded and was running smoothly, unfortunately the price of PENGU has Dumped/dropped in price by around 0.031 dollars.
Yeps, I also heard the rumor, it is said that Jupiter will also send an airdrop so that you and I are also sure that when that happens later, it can have an effect on the Solana blockchain which is very crowded, causing an Outage chain, I think we should avoid this or we will lose the prize price from Jupiter (if this comes true).
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Yeps, I also heard the rumor, it is said that Jupiter will also send an airdrop so that you and I are also sure that when that happens later, it can have an effect on the Solana blockchain which is very crowded, causing an Outage chain, I think we should avoid this or we will lose the prize price from Jupiter (if this comes true).
Jupiter is going to release another airdrop in January, and this could congest the network, due to its reach and the high number of users who may try the claim in the first few hours
An outage I think is almost impossible, just congestion and several dropped txs
I remembered that at the Grass airdrop, which was the last one I remember, there was also congestion, and several users mentioned the difficulty of claiming the tokens
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Yeps, I also heard the rumor, it is said that Jupiter will also send an airdrop so that you and I are also sure that when that happens later, it can have an effect on the Solana blockchain which is very crowded, causing an Outage chain, I think we should avoid this or we will lose the prize price from Jupiter (if this comes true).
january will be a busy month it seems i believe that bitcoin will reach higher prices at that month so we should expect the rise of interested investors over the next few months not only in bitcoin but also in memecoins and especially airdrop projects since we might see cryptocurrencies being expensive for sure many people will be desperate to get free tokens in hopes of achieving the same or at least something similar with bitcoin from other projects
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...
Yeps, I also heard the rumor, it is said that Jupiter will also send an airdrop so that you and I are also sure that when that happens later, it can have an effect on the Solana blockchain which is very crowded, causing an Outage chain, I think we should avoid this or we will lose the prize price from Jupiter (if this comes true).
Jupiter is going to release another airdrop in January, and this could congest the network, due to its reach and the high number of users who may try the claim in the first few hours
An outage I think is almost impossible, just congestion and several dropped txs
https://thecoinrise.com/jupiter-teases-580m-token-airdrop-launch-in-2025/
In January 2025, Jupiter will distribute 700 million JUP tokens to eligible users based on a previous snapshot. ....
It turns out that it is true that the rumor from Jupiter will be released in January, I hope this rumor comes true because it can increase traffic and the community of the Solana coin. But the effect is also the same, where later as you said, this congestion is likely to really happen.
I remembered that at the Grass airdrop, which was the last one I remember, there was also congestion, and several users mentioned the difficulty of claiming the tokens
https://coinmarketcap.com/currencies/grass/
I am sure that the GRASS coin you mentioned has this project because I see that GRASS has Smartcontracts from Solana.
https://solscan.io/token/Grass7B4RdKfBCjTKgSqnXkqjwiGvQyFbuSCUJr3XXjs
Yeps, I also heard the rumor, it is said that Jupiter will also send an airdrop so that you and I are also sure that when that happens later, it can have an effect on the Solana blockchain which is very crowded, causing an Outage chain, I think we should avoid this or we will lose the prize price from Jupiter (if this comes true).
january will be a busy month it seems i believe that bitcoin will reach higher prices at that month so we should expect the rise of interested investors over the next few months not only in bitcoin but also in memecoins
.....
I also think that this Meme coin has a very big role in the cryptocurrency market because Solana is the native coin. I see a lot of Meme coins circulating and some of them were released from airdrop campaigns.
I think Ethereum, BNB, Polygon, Polkadot, Chainlink, Avalanche will also release another airdrop about Meme coins after January 2025 (maybe). This is just my opinion.
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While the current congestion on the solana network may seem like a bottleneck so it also highlights the system robustness in handling transactions in a secure and efficient manner. The team behind solana is working diligently to solve the challenges presented, keeping the network an attractive option for cryptocurrency users and developers. But a failed transaction in solana is not an indication of a system failure. Rather it represents a user protection mechanism that ensures that only valid transactions are processed. It is popular network for very low transaction fee and fast transaction so they will make alternative way for all problems in future.
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While the current congestion on the solana network may seem like a bottleneck so it also highlights the system robustness in handling transactions in a secure and efficient manner. The team behind solana is working diligently to solve the challenges presented, keeping the network an attractive option for cryptocurrency users and developers. But a failed transaction in solana is not an indication of a system failure. Rather it represents a user protection mechanism that ensures that only valid transactions are processed. It is popular network for very low transaction fee and fast transaction so they will make alternative way for all problems in future.
I don't really understand in detail why there is congestion on the solana network, because I only know that it happens when there is high traffic. If it is related to security when validating the transaction until the congestion occurs, it may be because of high traffic. But last year I didn't hear any news about solana network congestion again. Maybe the team has resolved the problem