Solana and its network congetion.

[pakhitheboss]

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

[Metha Wulandarin]

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.

[pakhitheboss]

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.

[Metha Wulandarin]

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

[bee]

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...

[Husires]

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.

[pakhitheboss]

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.

[Metha Wulandarin]

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.

[Stompix]

Did they delete the article? 

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.

[akeemqaz]

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.

[pakhitheboss]

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.

[Metha Wulandarin]

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.

[pakhitheboss]

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.

[erus]

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.

[KryptoBull]

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