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

wxa7115

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Quote from: DeathAngel on May 08, 2022, 01:58:23 PM

I was convinced SOL could be an ETH killer. I was planning on spending a few thousand dollars on it when bitcoin bottoms (in 6 months or so). I am not impressed though, this is what, the third time SOL network goes down?
I need to look for something else to invest in.

You avoided a bullet, years ago many people were always claiming that their favorite coins were the next bitcoin, however since then bitcoin has shown to everyone that most likely it will always remain the king of this market and no coin will ever surpass it.

So now we have a lot of coins challenging ethereum, and while the position of ethereum as the second best coin in the market is not anywhere near as secure, the truth is that the advantage it has over its competitors is very large and I do not see it being surpassed anytime soon.

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Quote from: wxa7115 on May 06, 2022, 05:04:36 PM

That should show you how much of a joke most of the coins in the market really are when a coin like Solana can get so high in the rankings despite having such critical issues.

Right now I am taking a look at the top 10 coins and if I leave out bitcoin out then I only see centralized stable coins, centralized coins and some coins in which I will never invest any money, the only other coin that could be considered to be any good is ethereum, and even ethereum has its fair share of issues which I cannot completely ignore.

There's a reason why altcoins are called "shitcoins". That's because they can't match Bitcoin's level of decentralization, reliability, and censorship-resistance. It's not about what shiny new features a coin has or how cheap and fast transactions are, but rather how secure and resilient the coin is as an alternative to the existing banking system. With a stable and reliable blockchain network, people can transact comfortably just like they would with an ordinary bank (or even better).

Who would want to rely on an unstable blockchain like Solana for sending large amounts of money? The more the network outages, the more people will distrust Solana. Developers need to take things seriously if they want the project to succeed in the long run. The first step towards a better future is eliminating the risk of centralization. Otherwise, Solana won't last for long. With many disappointments surrounding SOL, it's likely people will switch back to ETH once the PoS upgrade comes into effect. Who knows if the same will happen with other altcoins with smart contract features? Just my opinion

DeathAngel

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I was convinced SOL could be an ETH killer. I was planning on spending a few thousand dollars on it when bitcoin bottoms (in 6 months or so). I am not impressed though, this is what, the third time SOL network goes down?
I need to look for something else to invest in.

Captain Corporate

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Maybe we should stop comparing all these "new" projects to ETH? When will we learn that projects can sustain and go for a long time as being their own without competing against ethereum? I mean isn't it clear that ETH will never be passed by another coin unless ETH starts to fall and drop itself? If something happens to ETH and it becomes a terrible project for some reason, which I doubt it would ever do something like that, never in a million years, then I can see it. Until that time, let's take a look at SOL, AVAX, MATIC, DOT and whatever else that people compare with ETH, just individually. Are they good? Would they help you in any way? If so then they are good, if not then they are not. Simple as that, remove ETH from the equation.

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We are eagerly waiting for the Ethereum 2 upgrade, as you mentioned, the only problem with the Ethereum network is the high fees, so if this problem is resolved with the expected upgrade, I think we will see traffic and most applications return to the Ethereum network, the reason is known, of course, most users have great confidence in the Ethereum network Unlike the rest of the networks that have been found to solve the problems of slow and high fees, Solana network, Polygon, Arbitrium and others have problems constantly and does not have the power or capabilities of the Ethereum network.

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Quote from: Hamza2424 on May 01, 2022, 08:00:02 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.

I think the main reason why the transactions costs are not as high at the moment as they were a year ago or so is the fact that the there is just not so much traffic on the Ethereum network at the moment. As soon as there is a big news coming or a big pump or dump happening the transaction price will go above 100gwei pretty fast. The past has shown that. That being said i am still a big fan of Ethereum and it's network even though i don't own any ETH myself, but Ethereum just paved the way for all those other smart contract platforms that are existing today.
Regarding Sol and it's bugs. It seems like those events never really have a big impact on the price of Sol which is weird.

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Ethereum will not always become the solution. The wrong thing from your tittle is when you are mentioning ethereum 2.0 and you didn't watch the news about that. No eta for the scalability upgrade for ethereum to come. It may be end of this year or next year but you must remember that if this upgrade didn't guarantee if ethereum will become scalable enough like another blockchain. It's better to stick into the another blockchain like terra luna or avalanche

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ETH is the biggest layer one protocol. Apart from the gas fees, ETH is the best out there. If they can get with 2.0 onboard, you will see that a majority of projects will come back to ETH.
As for sol, they are really not ready yet. It will take them a while to get it right.

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Quote from: RealMalatesta on May 06, 2022, 03:33:58 PM

Quote from: worle1bm on May 05, 2022, 12:20:25 AM

Quote from: pawanjain on May 02, 2022, 11:43:43 AM

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.

They do not have 65k TPS like they claim they do, that is the difference and that is the issue. You have to realize that the best case for SOL right now is to avoid any more further promises because if they keep promising something then we are not going to see anything get done with the previous promises since they weren't even covered.

What we need right now is the profits it could make in the future, and that will only happen with fixing the problems of today. Or the better option is to actually let it be and that way you will be able to just focus on ETH 2.0 or anything else, and make a profit, or even some other coin/token instead of SOL because they keep failing all the time.

Right now, almost every coin is just keeping on falling. So the best thing to do right now is stay low from investing and wait for a reversal.
We don't know if SOL will be able to get back stronger when the trend reverses. So it's better to wait until then.
If SOL does increases in price faster than other coins in future then may be we can consider holding SOL.
Otherwise it will be better to invest in other coins.

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it is funny when people don't remember how ETH chain has also gone down multiple times, many of it were during 2017 when they were superpumping it and the nodes kept failing since their buggy centralized apps couldn't handle the small traffic rise.
the only thing ETH 2.0 is going to change ins the wealth of the wealthiest and ETH chain will keep going down possibly even more because it would put more pressure on already centralized nodes that they can not handle.

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No doubt there is some problem in Solona network especially Security and congestion issue. their team should look for best solution to solve early these problems otherwise they will lose interest of big projects. Eth 2.0 will be big News for Etherium because I read somewhere that fee will be down to 0.05 and I think this is very low. I find sol best than any other ecosystem except Etherium.

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Quote from: cheezcarls on May 07, 2022, 07:23:08 AM

Ummm just to inform you that ETH 2.0 is already off the table, and it was already replaced by consensus layer. But either way, it’s still considered an upgrade. As for SOL, congestion is the real problem here as well as the scalability. This is why when I want to buy SOL and withdraw it from Binance, it’s not always available due to the congestion.

Yes the transaction fees are super cheap in terms of sending funds or minting NFTs, but again their chain has scalability issues and inconsistent to stabilize where some are having issues in NFT minting or withdrawing from a CEX like Binance.

This is the downside of using SOL there network congestion is getting worst which makes discouraging for user to purchase it on exchange. I was using it before for gambling purposes since the transaction is almost free but it always disable on CEX which limits me to transfer my SOL in my Casino wallet.

Do you the link to the news about ETH 2.0 off the table? What will happened to the stake tokens for ETH 2.0?

cheezcarls

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Ummm just to inform you that ETH 2.0 is already off the table, and it was already replaced by consensus layer. But either way, it’s still considered an upgrade. As for SOL, congestion is the real problem here as well as the scalability. This is why when I want to buy SOL and withdraw it from Binance, it’s not always available due to the congestion.

Yes the transaction fees are super cheap in terms of sending funds or minting NFTs, but again their chain has scalability issues and inconsistent to stabilize where some are having issues in NFT minting or withdrawing from a CEX like Binance.

MinMan

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Quote from: bbc.reporter on May 03, 2022, 11:11:12 PM

Quote from: TravelMug on May 02, 2022, 10:57:45 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.

BNB is great but it is centralized as well, that seems to be the problem. Of course, this doesn't mean that SOL is better, SOL is both centralized because the creators keep stopping it and that means it is centralized and shouldn't be invested. But at the same time BNB, is like that as well, those 21 nodes are basically all controlled by Binance itself and that part is risky. Do I believe that BNB is better than all other altcoins aside from ETH?

I do, it is by far the best one, clear third in my mind behind btc and eth, but we should be still careful about it because anything wrong done by Binance will hurt BNB price and that is risky investment.

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So many times this blockchain gone offline mode. Is it a special feature that available from this blockchain or what? Solana is the only blockchain in specialized to go offline when the traffic gets increase so hard. So what already done by the dev since last year? this problem already occured since last year but no update works perfectly. I meant when we are seeing how so many people are also being so mad caused by this problem too. I don't even know whether this problem will still happen on the next patch or not.
I can't imagine when sometime this will go offline for about a few days.

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Quote from: NicNacCoin on May 04, 2022, 06:26:53 PM

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.

beside btc trend that bearish , netowrk traffic down could be reason why solana price crash. it is not the first time solana has serious problem with network . with alot project launched in solana ecosystem, developers team must solve and make its network more scalaable to higher number. all layer 1 blockchain now face serious problem if ethereum 2.0 totally released and solved all problem in 1st version. transaction speed and fee number that so far be serious problem could solved and most new projects will back use this smart contract platform again.

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Quote from: TastyChillySauce00 on May 02, 2022, 10:09:28 AM

Okay from here i just know that if AVAX and BSC are the best blockchains. AVAX never encounter a problem like this. Going offline for around 7 hours were a disaster for anyone. In the crypto that's a very long time to go.
I thought that if this already patched by the developers through the latest update. I see that the new announcement that created by sol dev and they stated that there will be a big update to fix the shortage problem. So this what they called that as the true decentralized blockchain. For me this just another gimmick to fool people to believe if the blockchain was truly centralized.
Bitcoin was the only one

The AVAX network hasn't had any problems yet, but that doesn't mean it never will, most current blockchains are suffering from certain problems.

Not only every 7 hours, but the Solana network has gone offline 7 times since its launch so far. It was advertised as an ETH alternative thanks to its processing speed and cheaper transaction fees than ETH, but overall Sol disappoints investors. Sol's developers always claim to have an update to fix the vulnerability after every offline but they haven't been able to stop it yet. Anyway Sol is still young and has a long way to go, hopefully sol will be back on the blockchain race soon.

wxa7115

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Quote from: 0verseer on May 02, 2022, 12:11:14 PM

Quote from: shinratensei_ on May 02, 2022, 10:46:16 AM

Solana network gets down caused by candy machine NFT tool. The blockchain that claimed as the most scalable blockchain got down caused by only a candy machine NFT and BOTs. Is not it weird to happen with solana? The bots can flood the network and this is only coming from one of NFT machine tool. You can imagine when there will be some machine will be running at the same time. The worst thing is if solana can go down for more than 7 hours.
The solana investors are getting worried about the condition of the blockchain. This what they called as the most scalable blockchain that was just a gimmick.

I don't get it. How a coin like this being at #7 at the coinmarketcap if it can get down just from bots flooding the network for some NFT? More importantly, if a network could be easily manipulated by bots and not organic users then wasn't it a bad thing? Like how the internet where any platform being infested by bots and not by real users got looked down, everyone stays away from it? While we, as the human has to prove that we ain't a bot to pass through some site (google captcha) to interact with the others?

That should show you how much of a joke most of the coins in the market really are when a coin like Solana can get so high in the rankings despite having such critical issues.

Right now I am taking a look at the top 10 coins and if I leave out bitcoin out then I only see centralized stable coins, centralized coins and some coins in which I will never invest any money, the only other coin that could be considered to be any good is ethereum, and even ethereum has its fair share of issues which I cannot completely ignore.

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Quote from: worle1bm on May 05, 2022, 12:20:25 AM

Quote from: pawanjain on May 02, 2022, 11:43:43 AM

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.

They do not have 65k TPS like they claim they do, that is the difference and that is the issue. You have to realize that the best case for SOL right now is to avoid any more further promises because if they keep promising something then we are not going to see anything get done with the previous promises since they weren't even covered.

What we need right now is the profits it could make in the future, and that will only happen with fixing the problems of today. Or the better option is to actually let it be and that way you will be able to just focus on ETH 2.0 or anything else, and make a profit, or even some other coin/token instead of SOL because they keep failing all the time.

poodle63

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ETH 2.0 was not always become a solution for the problem that faced by another blockchain. You may need to think for a new blockchain like BSC or avalanche which are rarely facing this kind of problem. There are so many blockchains that have better code than solana and capability to handle huge traffic that came from somewhere.
Polygon was also become the main candidate in this case as it has been using by so many people.

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Quote from: Hamza2424 on May 01, 2022, 08:00:02 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

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Quote from: worle1bm on May 05, 2022, 12:20:25 AM

Quote from: pawanjain on May 02, 2022, 11:43:43 AM

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 ?

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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, 11:43:43 AM

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.

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Quote from: asriloni on May 03, 2022, 06:13:12 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.

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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, 08:00:02 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, 03:22:47 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.

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Quote from: Hamza2424 on May 01, 2022, 08:00:02 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.

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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, 06:40:26 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.

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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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www.Crypto.Games: Multiple coins, multiple games

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, 03:22:47 PM

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

When was last time ethereum halted?

bbc.reporter

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Quote from: TravelMug on May 02, 2022, 10:57:45 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.

CaVO32

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Quote from: asriloni on May 03, 2022, 06:13:12 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.

TravelMug

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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?

cabron

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Was there any reports of people losing money when the chain goes down?

Seem a weak reason that its just cause by the candy NFT and bots, there must be more news when users notice something different in the chain. The chain will be tested again with lots of activity on it again. I couldn't also suspect the team is doing it on purpose for the fud. Its centralized, its not surprising they need to have more SOL once holders sell.

bbc.reporter

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Quote from: libert19 on May 02, 2022, 09:20:11 PM

Imo cosmos ibc is better than all chains mentioned, but then again nothing in this world is perfect, so I assume as it gets more use it's cons will be revealed in due time.

All blockchain platfroms will have their own pros and cons. I reckon one of the biggest cons in Cosmos is it is harder to deploy a project compared to Ethereum or Binance smart chain where developers only need to know solidity so they can deploy their smart contracts. In Cosmos it is something similar to deploying your own blockchain if I am not mistaken.

Eternad

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@OP, You sounds like an Ethereum maximalist on your statement about SOL. Remember that common people that using SOL is not just a hodler but rather trader and dapps user so they commit transaction most of the time which they need a cheap transaction fee to do that. Yes Solana is too much Centralized but it doesn't change the fact that it really helpful for normal user with normal balance in there wallet. Ethereum wallet is very stressful for common crypto user so don't imposed your point as if everyone in crypto can afford to pay high gas fee for a single transaction. Just use Ethereum if you really like using it.

libert19

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Imo cosmos ibc is better than all chains mentioned, but then again nothing in this world is perfect, so I assume as it gets more use it's cons will be revealed in due time.

bbc.reporter

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@makishart. The Solana Foundation made some instructions in how to block NFT minting bots to fix the problem. I reckon this is very dangerous because it creates a setting for block producers on how easy it would be to create a storyline for censorship. What is spam and what is not? Anything censored only because it is considered spam should be very concerning.

makishart

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Upgrade means nothing for sure and look at this news

https://cryptopotato.com/solana-is-down-for-hours-validators-planning-network-restart/

I guess several updates already done and i see that if solana is still having a lot of problems that makes the blockchain goes offline. I do believe if this was the internal problem from the solana blockchain itself. I will not believe with any upgrade that will have been done by the developers if this blockchain. Too many BS

Mosharafhh

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In my opinion sol will do best and upgrade themselves from this situation and in the mean time all will be ok there is no need to fear in this chain we already know how much they gain in past and it was in very short time i think they need some times to develope more gain more interest on their blockchain!!

Doell

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Quote from: domoy77 on May 02, 2022, 11:51:40 AM

Quote from: kidbounty on May 01, 2022, 11:51:21 PM

other options besides solana maybe just Avalanche. luna, bsc, fantom, or tron are not very good. but i still hope solana can find the right solution for that problem and no similar case in future. As you said, the future of the sol network is being tested at this time. if they can only provide a quick solution without ensuring that their network is good, no one will want to use their network in the future.

Solana's team will of course make sure the network stays good without problems with really good solutions, because they also don't want to only provide solutions for a moment without any endurance which can be very meaningful, because the problems faced by Solana are problems that very complicated to solve quickly.

It's true that Solana team should do what they can, but this case has happened before. This is a serious technical case, rumors circulating of a candy machine that caused the chain to go down. But good news is that it doesn't have a big impact on the value of Solana stock price.

0verseer

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Quote from: shinratensei_ on May 02, 2022, 10:46:16 AM

Solana network gets down caused by candy machine NFT tool. The blockchain that claimed as the most scalable blockchain got down caused by only a candy machine NFT and BOTs. Is not it weird to happen with solana? The bots can flood the network and this is only coming from one of NFT machine tool. You can imagine when there will be some machine will be running at the same time. The worst thing is if solana can go down for more than 7 hours.
The solana investors are getting worried about the condition of the blockchain. This what they called as the most scalable blockchain that was just a gimmick.

I don't get it. How a coin like this being at #7 at the coinmarketcap if it can get down just from bots flooding the network for some NFT? More importantly, if a network could be easily manipulated by bots and not organic users then wasn't it a bad thing? Like how the internet where any platform being infested by bots and not by real users got looked down, everyone stays away from it? While we, as the human has to prove that we ain't a bot to pass through some site (google captcha) to interact with the others?

domoy77

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Quote from: kidbounty on May 01, 2022, 11:51:21 PM

other options besides solana maybe just Avalanche. luna, bsc, fantom, or tron are not very good. but i still hope solana can find the right solution for that problem and no similar case in future. As you said, the future of the sol network is being tested at this time. if they can only provide a quick solution without ensuring that their network is good, no one will want to use their network in the future.

Solana's team will of course make sure the network stays good without problems with really good solutions, because they also don't want to only provide solutions for a moment without any endurance which can be very meaningful, because the problems faced by Solana are problems that very complicated to solve quickly.

pawanjain

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Nothing lasts forever

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.

Faisal2202

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Payment Gateway Allows Recurring Payments

Yeah i think ETH L2 is the only option for now, but as you know 2o r 3 successful tests have been occured, and they will implement eth 2.0 very soon, and new platforms like optimism and arbitrum etc, has announced their airdrop for L2 users on eth blockchain, the things is time comes for everything, now is the hype of eth 2.0 who knows sol got attention after this, And sol has alo a lot of platform working on it ( associated with it) and have no govern token yet, maybe we can get airdrop from them, market is the name of gaining, and it is providing great opportunities for stable coin holders, well i am just obderving.

shinratensei_

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Solana network gets down caused by candy machine NFT tool. The blockchain that claimed as the most scalable blockchain got down caused by only a candy machine NFT and BOTs. Is not it weird to happen with solana? The bots can flood the network and this is only coming from one of NFT machine tool. You can imagine when there will be some machine will be running at the same time. The worst thing is if solana can go down for more than 7 hours.
The solana investors are getting worried about the condition of the blockchain. This what they called as the most scalable blockchain that was just a gimmick.

o48o

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Quote from: Hamza2424 on May 01, 2022, 08:00:02 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.

Yeah, they should have been in closed testnet for longer to iron out everything. But then again reasons can be fundamental and the starting point could be approaching the whole blockchain solution poorly. Maybe they patch things up and at least there hasn't been any catastrophical exploits so far. These kind of shutdowns however doesn't give a good impression to holders/buyers

TastyChillySauce00

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Okay from here i just know that if AVAX and BSC are the best blockchains. AVAX never encounter a problem like this. Going offline for around 7 hours were a disaster for anyone. In the crypto that's a very long time to go.
I thought that if this already patched by the developers through the latest update. I see that the new announcement that created by sol dev and they stated that there will be a big update to fix the shortage problem. So this what they called that as the true decentralized blockchain. For me this just another gimmick to fool people to believe if the blockchain was truly centralized.
Bitcoin was the only one

kidbounty

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HELENA

other options besides solana maybe just Avalanche. luna, bsc, fantom, or tron are not very good. but i still hope solana can find the right solution for that problem and no similar case in future. As you said, the future of the sol network is being tested at this time. if they can only provide a quick solution without ensuring that their network is good, no one will want to use their network in the future.

Fundamentals Of

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Ethereum is constantly upgrading itself. Ethereum does not have the perfect chain but it seems it remains to be the best choice among all the competitors until now. Despite the ridiculous high fees in the network, it seems it is still the top choice among developers. The fees are actually speaking for this high demand of the ETH network.

Some are looking for an alternative, for that next ETH, or ETH killer. They should forget about it if the alternative they are talking about cannot even succeed on its own. Solana won't be an ETH alternative if it is only highlighting the shortcomings of ETH. It should prove in itself that it is a better alternative. Right now, it is very obvious it fails.

Hamza2424

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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.

Topic: SOL The Chain Goes down Again ! ETH 2.0 and upgrade is the only solution ? (Read 358 times)