SOL The Chain Goes down Again ! ETH 2.0 and upgrade is the only solution ? - page 2.

Abiky

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Quote from: Hamza2424 on May 01, 2022, 09:00:02 PM

Personal Openion I don't preffer Sol or any other network above ETH. ETH provide Sustainability, Transperency, Secure Transections, A massive Network qith Most of Dapps and Base of all the Decentralized Finance. Transections Cost is the only issue with ETH network hoping to be fixed someday but things are much better now compared to last year.

Topic is Sol no doubt its fast its Cheap but it is not Sustainable and i can't consider myself to be the investor in SOL with Bugs and Centralized nodes , validators. This the 3rd time that SOL chain goes down for 7 hours before that much severed case of 48 Hours consider 48 Hours no Transections no trade.

Team took 48 Hours in past and 7 hours in this time to take over the problem. In future there might be a more complex problem with chain then what it the Security SOL providing and what about the Quality and Sustainability of the Chain?

A big Question mark after this Crash. There other options as well AVAX same cheap and fast Luna & FTM BSC issue is same central control or poor Quality, considered but True potential is with ETH. Lets hope that ETH network will be upgraded with TPS.

That's what you get with a "Blockchain" that puts its focus on speed and cost-efficiency instead of security/reliability/decentralization. Becoming a secure blockchain while providing high performance to everyday people is nothing but impossible. I'm afraid Solana will become a failed experiment due to the constant network outages and heavily-centralized design. There's a reason why ETH hasn't moved from its position as the world's second-largest cryptocurrency by market cap (even when fees are extremely high and transactions take a long time to confirm). The unmatched security, reliability and decentralization inherent within the ETH blockchain has kept it as the leader of altcoins since its inception.

Until the competition is able to beat Ethereum in terms of security while providing higher performance in return, I don't see it going anywhere soon. Let's hope the ETH 2.0 upgrade becomes successful in order to strip away the competition. Who knows if the number of smart contract platforms is reduced over time as the hype slowly fades away into oblivion? Just my thoughts Grin

pawanjain

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Quote from: worle1bm on May 05, 2022, 01:20:25 AM

Quote from: pawanjain on May 02, 2022, 12:43:43 PM

I am a long term Solana holder but right now I am feeling kind of worried due to the frequent issues in the Solana blockchain.
I am holding SOL for more than a year now and may be I will hold it longer but if these downfalls keep occurring I might have to reconsider holding SOL.
ETH is definitely a good option no doubt in that but it's good to have a diversified portfolio which was the reason of me buying SOL.
I am not really sure which other options to consider for a long term other than BTC and ETH.
All seems hyped up in a short term.

That's the problem with network and congestion due to all the minting of NFT's have cause more problems for SOL network which they need to solve somehow.This time again it took long to solve and the tps was around 1500 far below what they have promised and is capable of.

NFTs have really caused a huge damage to the Solana ecosystem but then again they should have thought this through before bringing this space.
If they can't handle a simple NFT tool then the question arises that how can we trust it for large scale applications.
I think it would be a good option to diversify now by taking some amount out of SOL to buy other potential coins.
I am not saying to sell all SOL but at least some of it. What do you guys think ?

RussianEnglishTranslation

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ETH2 after merge will still be slow because they will need to add sharding to scale. Sharding implementation could take several more years. As to Solana, if you haven't learned your lesson after this 8th blockchain restart, you deserve to lose your money. There are several blockchains with smart contracts that scale now, like NEAR and the internet computer, which both utilize sharding.

worle1bm

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Quote from: pawanjain on May 02, 2022, 12:43:43 PM

I am a long term Solana holder but right now I am feeling kind of worried due to the frequent issues in the Solana blockchain.
I am holding SOL for more than a year now and may be I will hold it longer but if these downfalls keep occurring I might have to reconsider holding SOL.
ETH is definitely a good option no doubt in that but it's good to have a diversified portfolio which was the reason of me buying SOL.
I am not really sure which other options to consider for a long term other than BTC and ETH.
All seems hyped up in a short term.

That's the problem with network and congestion due to all the minting of NFT's have cause more problems for SOL network which they need to solve somehow.This time again it took long to solve and the tps was around 1500 far below what they have promised and is capable of.

viananda2525

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Quote from: asriloni on May 03, 2022, 07:13:12 PM

Both are having the same problem. SOLANA was so garbage like ethereum right now. The only solution is moving to the new chain like avalanche which was rarely down or congested like ethereum and Solana. Expecting ethereum update that is not have exact time to come. This is wrong. Solana is still getting shortage when bots are flooding the transactions in the network as well as ethereum with its slow blockchain that was also being clogged when landdeed minting happened. So there's no good choice from both. The only best solution as per my said above.
Move to the new blockchain and you get the perfect one.

maybe avax network still have space for transaction ,but when ecosystem growth and TPS increase massively i am believe the same problem with solana or ethereum will occur later. developers team must concern about TPS growth that may increase massively from now on to avoid fud that could happen later due this problems. Hathor project also good smart contract platform ,dev said it have scalable TPS with unlimited number. maybe fomo will come later if ecosystem growth and alot good project launched.

inanilujimi

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At first I was optimistic that sol almost overtook BSC, but in the last few months there have been 2 network congestions, it really doesn't make sense for a project that is in the top 10 to experience something like this again and again. nothing better than ETH for now and then. I think Sol is just hype and in the end his position will be replaced if it continues like this by investors.

7788bitcoin

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Quote from: Hamza2424 on May 01, 2022, 09:00:02 PM

~
A big Question mark after this Crash. There other options as well AVAX same cheap and fast Luna & FTM BSC issue is same central control or poor Quality, considered but True potential is with ETH. Lets hope that ETH network will be upgraded with TPS.

There is a spam attack in the network and who knows whether ETH supporters are doing that, for ETH to be the true potential they need to have a set date on when they are planning to upgrade their network and when people can start using with low fees, till now there is no set date on that aspect and that been the case why do you think that it is still the potential . They are making a major upgrade and one wrong move can doom them.

JeffBrad12

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Nice sol. you have been revealing yourself if the decentralization in the smartcontract platforms were just a gimmick. Another smartcontract platform may be centralized like sol but the thing makes it different it how another blockchain can handle it properly while solana is always facing various problems on its blockchain. Will this blockchain get another shutdown again due to the same problem?
There are so many things need to be fixed from this blockchain. Some updates are already done but yeah another problem keeps coming to the solana. How far this blockchain can go with the problem that come anytime.

NicNacCoin

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Especially at the moment some coins are dumping a lot more. Solana is one of them. Once upon a time there was a lot of good position but now it has come down the most. If Ethereum 2.0 is upgraded, the price may go up.I think as soon as the bitcoin market grows, all the coins will start rising again.

Hamza2424

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Quote from: Emitdama on May 03, 2022, 04:22:47 PM

You call others centralized but what about eth? Rumors said that this coin was also centralized. You don't prefer sol but your title is focused on sol. If you don't prefer sol then you have no choice but to choose eth and embrace everything on it including its flaws. Eth is still usable but the only problem is it's fees have increased a little bit but that shouldn't be a big problem because what's important for you is the security and other features of eth that cant be found on any other alternative coins.

You complain that it took a long time for them to fix the problem, that's because you don't know anything. Other coins/networks can also experience a problem and it's normal. That could mean that they are improving their service so that no problems can occur in the future.

Sir may be I don't know anything but sir it is very important for the reputation to fix out and figure out the Issues so far as faster as possible. Because a Bussniess runs on the Quick and Best Survice. Just consider an example sir.

You are in hotels Bussniess and Your power goes down 2 days you took to figure out then what about the Customers they will never consider your Survices to be Compatible to their Needs so this is the case.

One more thing ETH is also Centralized sir i know these rumors but sir Other as i explained based on Facts as BSC , SOL , and Luna but ETH network is distributed still i will make my reasearch with all of yours help to figure out these rumors as well.

yurez

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Quote from: Hamza2424 on May 01, 2022, 09:00:02 PM

Personal Openion I don't preffer Sol or any other network above ETH. ETH provide Sustainability, Transperency, Secure Transections, A massive Network qith Most of Dapps and Base of all the Decentralized Finance. Transections Cost is the only issue with ETH network hoping to be fixed someday but things are much better now compared to last year.

Topic is Sol no doubt its fast its Cheap but it is not Sustainable and i can't consider myself to be the investor in SOL with Bugs and Centralized nodes , validators. This the 3rd time that SOL chain goes down for 7 hours before that much severed case of 48 Hours consider 48 Hours no Transections no trade.

This is not the first time a massive failure has occurred on the Solana blockchain, and it may not be the last. This is the fourth serious case in her network over the past year. In January 2022, the network was unavailable for two days. In December 2021, a DDoS attack was made on the network. In September 2021, Solana suspended transactions due to a system error. The developers of Solana should take seriously the solution and prevention of such problems. Otherwise, over time, projects will choose other networks that are less prone to such failures and more reliable.

killerfrost

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Every time I mention ETH, I always believe in what you have seen. Personally, after many years in this market, except for BTC, ETH is still the best altcoin in my heart. Although the issue of gas fees has alienated many people and moved them to platforms with faster processing speeds and costs, as an investor, I see it as nothing to worry about as they are still trying to upgrade it from time to time.

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Quote from: icalical on May 04, 2022, 07:40:26 AM

I could not agree more about how the new and fresh platform is not as reliable as Ethereum network, but that's understandable since most of the new platform also bring something new and experimental. And to be honest looking at how Ethereum developing in the recent years, they need to catch up quicker with the competitor. Especially they need scale up their network to fix the high gas that occurs lot of times.

at least the existence of blockchain networks other than ethereum being developed at this time has helped the existence the development of the crypto market.
we can imagine what will happen to the crypto market and investors if there is no development in other networks? investors probably won't mind holding onto their assets. but for trading in the market, it will be very hit. BSC and SOLONA are alternatives that breathe new life into the crypto market. despite their shortcomings, I'm sure there will be more alternative blockchain networks besides ethereum that will grow big in the future.

icalical

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I could not agree more about how the new and fresh platform is not as reliable as Ethereum network, but that's understandable since most of the new platform also bring something new and experimental. And to be honest looking at how Ethereum developing in the recent years, they need to catch up quicker with the competitor. Especially they need scale up their network to fix the high gas that occurs lot of times.

el kaka22

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I kept saying after the first network problem that we should be staying away from SOL. I do not think that ETH 2.0 is the only solution, there are other projects which are doing fine, like what is wrong with Avax? Nothing, or Matic? Or dot?

Basically this isn't just a "only ETH works properly" situation, this is a SOL is not working properly situation we are in. Remember that they froze the network themselves as well, highest level of centralization in any project. If you are still invested in SOL after this, then you should be fine with investing into US Dollars as well since that is at least backed by the government. I personally prefer decentralized projects and SOL isn't one.

libert19

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Quote from: Emitdama on May 03, 2022, 04:22:47 PM

...You call others centralized but what about eth? Rumors said that this coin was also centralized...

When was last time ethereum halted?

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Quote from: TravelMug on May 02, 2022, 11:57:45 PM

I don't think there is a perfect system here, even the best of them experiences issues. What is important is that this kind of projects will have to learn from this mistakes and try not to make the same in the future.

No doubt that ETH 2.0 is the top altcoin, but what if there is a alternative like SOL and others? isn't it everyone will benefit from it?

Having an alternative for Ethereum is clearly not the problem. The problem is if the alternative blockchain has a history of outage causing the community to ask if the alternative is a benefit or is it a liability in the cryptospace. If you are looking an alternative, I reckon the best is still Binance smart chain. Their development team centralized the block producers to 21 nodes for speed, however, the platform never had similar problems as Solana.

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Quote from: asriloni on May 03, 2022, 07:13:12 PM

Both are having the same problem. SOLANA was so garbage like ethereum right now. The only solution is moving to the new chain like avalanche which was rarely down or congested like ethereum and Solana. Expecting ethereum update that is not have exact time to come. This is wrong. Solana is still getting shortage when bots are flooding the transactions in the network as well as ethereum with its slow blockchain that was also being clogged when landdeed minting happened. So there's no good choice from both. The only best solution as per my said above.
Move to the new blockchain and you get the perfect one.

They are now experiencing the issues when there are many transactions in the network. They may have seen this scenario but still they are not yet ready when the situation comes up. But if the team will continue to fix and learn from this downtime, they can improve their network. I am still giving the benefit of the doubt here because we can't expect everything to be perfect all at once. As long as let's say the SOL team has the sincerity to advance their network and continuously improve their services, they can always move forward with their goals.

asriloni

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Both are having the same problem. SOLANA was so garbage like ethereum right now. The only solution is moving to the new chain like avalanche which was rarely down or congested like ethereum and Solana. Expecting ethereum update that is not have exact time to come. This is wrong. Solana is still getting shortage when bots are flooding the transactions in the network as well as ethereum with its slow blockchain that was also being clogged when landdeed minting happened. So there's no good choice from both. The only best solution as per my said above.
Move to the new blockchain and you get the perfect one.

Emitdama

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You call others centralized but what about eth? Rumors said that this coin was also centralized. You don't prefer sol but your title is focused on sol. If you don't prefer sol then you have no choice but to choose eth and embrace everything on it including its flaws. Eth is still usable but the only problem is it's fees have increased a little bit but that shouldn't be a big problem because what's important for you is the security and other features of eth that cant be found on any other alternative coins.

You complain that it took a long time for them to fix the problem, that's because you don't know anything. Other coins/networks can also experience a problem and it's normal. That could mean that they are improving their service so that no problems can occur in the future.

Topic: SOL The Chain Goes down Again ! ETH 2.0 and upgrade is the only solution ? - page 2. (Read 328 times)