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Author Topic: Solana and its network congetion.  (Read 10181 times)

Offline Parzival204

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Re: Solana and its network congetion.
« Reply #45 on: September 30, 2024, 01:29:07 AM »
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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Re: Solana and its network congetion.
« Reply #45 on: September 30, 2024, 01:29:07 AM »

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Offline royalRitta

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Re: Solana and its network congetion.
« Reply #46 on: September 30, 2024, 08:48:28 AM »
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:
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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Re: Solana and its network congetion.
« Reply #46 on: September 30, 2024, 08:48:28 AM »

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Re: Solana and its network congetion.
« Reply #47 on: September 30, 2024, 06:48:48 PM »

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.

Offline Mia Chloe

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Re: Solana and its network congetion.
« Reply #48 on: September 30, 2024, 11:10:55 PM »
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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Offline philipma1957

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Re: Solana and its network congetion.
« Reply #49 on: October 02, 2024, 05:31:03 AM »
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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Offline royalRitta

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Re: Solana and its network congetion.
« Reply #50 on: October 02, 2024, 08:04:01 AM »
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!

Offline philipma1957

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Re: Solana and its network congetion.
« Reply #51 on: October 02, 2024, 04:45:34 PM »
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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Altcoins Talks - Cryptocurrency Forum

Re: Solana and its network congetion.
« Reply #51 on: October 02, 2024, 04:45:34 PM »


Online ajiz138

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Re: Solana and its network congetion.
« Reply #52 on: October 02, 2024, 05:00:23 PM »
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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Re: Solana and its network congetion.
« Reply #53 on: October 03, 2024, 08:41:44 AM »
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

Online Vx1

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Re: Solana and its network congetion.
« Reply #54 on: October 03, 2024, 05:57:30 PM »
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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Re: Solana and its network congetion.
« Reply #55 on: October 03, 2024, 11:15:42 PM »
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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Re: Solana and its network congetion.
« Reply #56 on: October 04, 2024, 05:57:50 AM »
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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Re: Solana and its network congetion.
« Reply #57 on: October 04, 2024, 08:02:45 AM »
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?

Offline rizqillah

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Re: Solana and its network congetion.
« Reply #58 on: October 04, 2024, 10:11:50 PM »
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.

Offline bitterguy28

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Re: Solana and its network congetion.
« Reply #59 on: October 05, 2024, 07:46:23 AM »
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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