Solana and its network congetion.

[luckyledger]

...
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.

[bitterguy28]

...
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

[Stompix]

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!

[Metha Wulandarin]

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.

[BattleAxe1]

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.

[enoch_from_off]

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 ).
And with a new validator client, SOL might become even better in the time to come.

[Parzival204]

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.

[royalRitta]

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.

[Report]

-
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.

[dekafee79]

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.

[Publictalk792]

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.

[philipma1957]

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.

[enoch_from_off]

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.

[ajiz138]

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.

[rdluffy]

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?