Is Solana full of hype? - page 2. | Bitcointalksearch.org

herurist

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Quote from: Pelana vreo on January 30, 2022, 01:58:09 AM

Solana carries the technology developed by Bitcoin, namely POH, I see Solana claiming technology and some early investors need to know who the real inventor of POH technology is.
Solana hype? I don't think so because the solana blockchain is really fast and other project developers are currently using the solana blockchain, this is what is driving solana's price up.

It's true that right now they are not only hype, but their project is quite promising in my opinion.
their transaction capacity is 50,000 per second CMIIW and with this the Solana platform can help usher in a new generation of scalable blockchain based programs with real world utility.
Besides that, the platform's advantages in speed and transaction capacity can help maintain momentum so that they stay strong and get noticed by others and most importantly, their gas is quite friendly and this makes them loved and in demand.

tyz

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Quote from: Abiky on January 18, 2022, 07:29:17 AM

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.

Yes! The whole development of Solana kind of reminds me of EOS, NEO and TRON four five years back. Back then, the projects were massively hyped and dubbed as Ethereum killers, even though it was already known at the time that they were too centralized. Today, these projects hardly play a role in current developments. It's exactly the same with Solana now. Everyone calls it an Ethereum killer because it is significantly faster and cheaper, but also makes big sacrifices in decentralization, which sometimes leads to the chain having to be stopped (which is a complete joke with cryptocurrencies). I believe that Solana will have the same situation as the above-mentioned projects.

Pujangga

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I think Solana still has great potential to be better than now, many predictions believe that Solana can beat BSC so many people speculate to invest in Solana and I also invest in Solana and of course hope Solana can skyrocket again.

Psynthax

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Quote from: inanilujimi on January 30, 2022, 04:47:13 AM

What I know is that there are too many spam transactions on the sol network which makes transactions slow,

Yeah that's it but it must not make the blockchain to be shutdown for a while for so many times. I never seen that happened with another blockchain like ethereum even ethereum got so many spam aspect as well and there's something wrong with it. I guess that this was a horrible thing. What will be happening if the spam attack will be happening forever? that will be disrupting the users of blockchain.

Quote from: inanilujimi on January 30, 2022, 04:47:13 AM

I hope the developer really takes this seriously otherwise his position will be replaced by a better altcoin.

The developers is seeking for the best solution to be implemented but im sure that this gonna be a long term solution. This blockchain was full with hype and people never expected the blockchain to get shut down so many times.

inanilujimi

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What I know is that there are too many spam transactions on the sol network which makes transactions slow, solana for me is one of the most secure and convenient blockchains to use, but if these transaction failures continue in the future, of course, Solana will lose its price and trust investors will be dimmed if the incident keeps repeating itself.
I hope the developer really takes this seriously otherwise his position will be replaced by a better altcoin.

takngantuk

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Quote from: GeorgeJohn on January 29, 2022, 01:56:51 AM

Quote from: DeathAngel on January 26, 2022, 02:52:25 PM

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

The reason while everyone is considering and always emphasised on Solana, is because of it's decrement during this few time experience of bear market, Solana doesn't fall to am extreme like other cryptocurrencies, so it seems that it has a tangible potentiality, but you can not use it and compare to ethereum potentiality, irrespective of it's domination, so you can not compare a developing coin with a coin that has already taken ground.

from the start solana still doesn't deserve to be compared to ethereum. their network is still having some problems, some times they are having very influential network problems. but compared to other new networks, i agree solana to be one that is growing very fast.

CryptoATM

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Every projects in crypto space is full of hype either meme coins, DeFI, NFT and so on but solana is way better than so many, it has what it takes to be on the top 10 lists of the best coins in crypto space, if you are a holder I suggest you have some patience because this project stil have a long way to go, it's definitely a project everyone should hold

Pelana vreo

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Solana carries the technology developed by Bitcoin, namely POH, I see Solana claiming technology and some early investors need to know who the real inventor of POH technology is.
Solana hype? I don't think so because the solana blockchain is really fast and other project developers are currently using the solana blockchain, this is what is driving solana's price up.

LUCKMCFLY

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Quote from: masterrex on January 27, 2022, 08:04:20 AM

IMO, I think it's true because Solana was just a newcomer to this industry but if we look closer now into the platform's achievement we cannot ignore its popularity and strong community support thats why Solana is full of hype because they manage to reach that huge achievement in just as early as today, unlike Ethereum because the platform has struggled so much to achieve what it is today.

I think the same, also to be a pump it would already be or would have the classification of a bubble and it is not, I think that Solana is well articulated, and by September 2022 it will be a fundamental piece for the development of the metaverses, and if everything goes for the Metaverses, both Solana and the Polygon network, will be very well accepted, and just doing some solana transactions implies a fee of 0.001 Sol, which is very cheap, this in countries like Venezuela is something very profitable for those who live from remittances, because when using this network it is fast, cheap and that is what most people are looking for. I think that's a prime reason why it keeps coming up.

GeorgeJohn

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Quote from: DeathAngel on January 26, 2022, 02:52:25 PM

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

The reason while everyone is considering and always emphasised on Solana, is because of it's decrement during this few time experience of bear market, Solana doesn't fall to am extreme like other cryptocurrencies, so it seems that it has a tangible potentiality, but you can not use it and compare to ethereum potentiality, irrespective of it's domination, so you can not compare a developing coin with a coin that has already taken ground.

kawetsriyanto

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Solana has fundamentals, and it is strong enough. This is one of the networks that are until now is also still operating, being used by many more projects.
However, we also know there are several other competitors. We don't want to say that Solana is bad, actually, I like Solana's network and moreover it has been spreading. But once more, it may need more time to develop.
At that time, Solana is very popular with its new ways of the network, until now it is still.
But we all know how the current market. Not only Solana, but we can also see that all altcoins are dropped and crashed so much.
We can just say that as long as their team can maintain, develop, and also do some progress on this network, I am sure that at least, this can survive from this crashed market and will be better again.

TastyChillySauce00

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it certainly is, so many smart contracts platform out there that are having significantly lesser problems compared with solana, if i’m given a chance in term of choosing best smart contract platforms for long term investment, i'd
matic and luna. I've observed solana and I could see that only very few of their projects are actually becoming famous and gaining success meanwhile in matic there are so many projects each day being released and most of them are
quality NFT projects and metaverses that could be gaining standing in the future basically making it more prospective and promising alternative of investment, solana in this side really falls behind.

Abiky

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Quote from: zasad@ on January 27, 2022, 02:33:59 AM

https://twitter.com/markjeffrey/status/1485099559852199936?
"Another day, another 48 hour #Solana outage.

This is like the sixth time this has happened in 3 months.

I have zero faith in it now. It is the new EOS.

The fight is now between ETH, BSC, Fantom, Avalanche and Terra."

Many experts see no future in similar ecosystems because they haven't been stress tested yet. I think this is not the last bug in this ecosystem.

I can imagine the frustration of having to deal with several network outages in a row. People will simply lose confidence in the project until developers do something about it. This is a lesson to all of us, that it's not about convenience/ease-of-use but rather decentralization/security/reliability. Solana is already losing traction with the bear market, so if network outages keep up, the coin will become worthless in the future. There are better projects with security/reliability in mind. Ethereum may be expensive and slow to use at times, but it's the most decentralized altcoin on the planet. This will only ensure that the Blockchain will last a lifetime no matter what. If other projects copied Bitcoin and Ethereum's model, they would've had a better chance of survival.

For what I know, Solana is full of hype. Developers aren't taking security/reliability/decentralization seriously so I fail to see how this project will become a widespread success in the long run. Who knows what will be of Solana as the competition becomes fierce in the crypto/Blockchain space? Just my thoughts Grin

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Quote from: Abiky on January 18, 2022, 07:29:17 AM

Do you think Solana is full of hype?

I don't think if Solana is full with hype.

Quote from: Abiky on January 18, 2022, 07:29:17 AM

If not, why?

So many people are investing in this blockchain based on their research and we know that Solana has been getting funding by so many venture capital as well. That's why the price of Solana is quite high right now.

Quote from: Abiky on January 18, 2022, 07:29:17 AM

What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time? Your input will be greatly appreciated. Thanks in advance.

None knows about that but as you can see even there are some blockchains that got hacked so many times are still exists caused by the loyal supporters. Just because the blockchain shutdown and it doesn't mean solana will die as soon as possible. There shall be some adjustment to the Solana blockchain but it seems like the capability of sol blockchain to handle bunch of transactions are not so good. it seems like that another update will come to fix this. I'm actively using this blockchain and it's fast and cheap but I can't deny the shutdown created fear.

masterrex

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IMO, I think it's true because Solana was just a newcomer to this industry but if we look closer now into the platform's achievement we cannot ignore its popularity and strong community support thats why Solana is full of hype because they manage to reach that huge achievement in just as early as today, unlike Ethereum because the platform has struggled so much to achieve what it is today.

zasad@

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https://twitter.com/markjeffrey/status/1485099559852199936?
"Another day, another 48 hour #Solana outage.

This is like the sixth time this has happened in 3 months.

I have zero faith in it now. It is the new EOS.

The fight is now between ETH, BSC, Fantom, Avalanche and Terra."

Many experts see no future in similar ecosystems because they haven't been stress tested yet. I think this is not the last bug in this ecosystem.

Sayeds56

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Quote from: DeathAngel on January 26, 2022, 02:52:25 PM

I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

Although Solana has shown remakable performance during the past one year and its price has gone up many many folds which reflects hard work of its team who made this chain one of the fastest ( more than 50,000 transactions/second) but I think Solana is overpriced when we look at its networks performance which shuts down from time due to technical reasons despite being De-centralized which raises many questions. Network outage is a serious issue which can damage its reputation.

DeathAngel

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I’m not sure, obviously it’s come from nowhere with a very low price to being one of the main coins people talk about. Some people mention it as the next ETH. I’m just not so sure, it’s had several outages & tgey just can’t continue to repeat or it’ll go to zero.

justdimin

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Quote from: Abiky on January 18, 2022, 07:29:17 AM

Do you think Solana is full of hype? If not, why? What will happen with SOL's price if network disruptions persist? Will it mark the end of Solana for good? Or will the blockchain network survive for a long time?

It all depends on personal choice, there are so many investors who wouldn’t mind whether it is decentralized or not. And the community has been growing since the project was launched. Although the disruption that it had did make some investors to lose confidence in it, and that is the problem you would have when a platform is not decentralized, security becomes a problem. Personally I don’t think it is all about hype, normally a project like this would go through a hype phase, but as time goes on it will reach a time when we would get to know whether it’s all about hype or not.

Vaskiy

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Rather than hype, it is full of growth and popularity that makes people discuss as well as go upon Solana investment during this season. When the cryptocurrency market started to drop downwards there were much discussion on the potential altcoins. In that category Solana topped the list apart from Ada, palkodot, polygan and more others.

Solana has reached its ATH value above $260 have come down close to $60. This seems to be the reason why more people started to show interest over Solana during this season. Now it has recovered a little and trading around $100.

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