In the case of Solana, there have been instances where the network experienced performance issues and downtime due to a surge in transaction volume. This has led to questions about the network's scalability and its ability to handle high levels of traffic.
but the most crutial thing that make solana dump is alameda research and ftx when both of them have a huge amount of holding solana, that make massive dump when the bad news about ftt token and ftx exchange.
Topic: Is Solana failure resistant? - page 2. (Read 259 times)
There’s a talk about being centralized with SOL and probably that’s the problem with their blockchain technology when you compare this to Bitcoin. There’s no failure resistant, what we can see right now is a test from the market and with SOL they should be able to survive this. There’s a lot of things that they need to improve with SOL blockchain technology, and I believe they are already working with this one.
As others have pointed out, Solana has been done several times since it's existence. So they are not failure resistant. But there could be projects that runs <100%.
And if I'm not mistaken, LTC for example is 100% and Bitcoin at 99.98%.
Probably there is no perfect blockchain or failure resistance project specially those that are centralized like Solana.
And if I'm not mistaken, LTC for example is 100% and Bitcoin at 99.98%.
Probably there is no perfect blockchain or failure resistance project specially those that are centralized like Solana.
Nothing is failure resistant. I think think that solana have higher failure resistant since it is not decentralized and the developer or the team behind it can prevent any situation that could be bad for solana and for the holders. There could be imperfections since it is not that old and there could be new changes or new development that the team has made. There are some devs that are not competent like the others so you can't just trust them with your money or funds.
I believe Solana's blockchain technology is relatively new, still imperfect and still in development. I also remember there were some cases of unstable work in this network, so I don’t think everything is so simple with this network.
Or did everyone forget about when this network just disconnected from overload?)
Or did everyone forget about when this network just disconnected from overload?)
Solana has stopped serving multiple times. Bitcoin has been around way loner than Solana and never ever stopped working. (Maybe only during its very early days but that doesn’t count)
Why would anybody in the right mind trust Solana with their money?
Apparently Solana’s devs aren’t competent with what they are doing. I wouldn’t touch a project like that with a 10ft pole.
Why would anybody in the right mind trust Solana with their money?
Apparently Solana’s devs aren’t competent with what they are doing. I wouldn’t touch a project like that with a 10ft pole.
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Is it true that blockchain networks are failure resistant?
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Nothing is failure resistant. Especially Solana. Why do you think the last network outage of solana happened? Neither do i. Neither does the team so how is it failure resistant when it last failed 1 WEEK ago. Or maybe you are trying to ask something else because network failures doesn't mean that anyone is losing money or anything like that. Just that system is down, which is one huge failure to me. Is it true that blockchain networks are failure resistant?
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Failure resistance in considered to be an important feature of the blockchain technology. Common knowledge says that a blockchain network doesn't rely on a central authority and doesn't have a single failure.
However, we observe blockchain-solutions which fail on a regular basis due to various reasons. The notorious example here is Solana.
Solana rely on central authority which is its developer lol. Its official site claimed to have more than 2400 validator nodes but the blockchain was always getting restarted and that means solana blockchain was true centralized blockchain. Is not it failure resistance was only applicable for truly decentralized blockchain like bitcoin? So many times solana blockchain got network outageHowever, we observe blockchain-solutions which fail on a regular basis due to various reasons. The notorious example here is Solana.
What is wrong here? Is it true that blockchain networks are failure resistant?
Nothing wrong here. The only wrong thing is you are taking solana as an example caused by basically solana was just a centralized blockchain that fully under control by its developers. The only blockchain is very often to be restarted by its developers
Developers who operate and maintain the Solana blockchain restarted the crypto network after a technical problem triggered an hours-long slowdown over the weekend.
Failure resistance in considered to be an important feature of the blockchain technology. Common knowledge says that a blockchain network doesn't rely on a central authority and doesn't have a single failure.
However, we observe blockchain-solutions which fail on a regular basis due to various reasons. The notorious example here is Solana.
What is wrong here? Is it true that blockchain networks are failure resistant?
Or, alternatively, is it true that we misclassify some blockchain-solutions and put a wrong label on a product? What is your opinion?
However, we observe blockchain-solutions which fail on a regular basis due to various reasons. The notorious example here is Solana.
What is wrong here? Is it true that blockchain networks are failure resistant?
Or, alternatively, is it true that we misclassify some blockchain-solutions and put a wrong label on a product? What is your opinion?
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