Solana breach triggers ballistic reactions from the crypto community
As the Solana network suffered another setback, members of the crypto community took to social media to express various concerns, even comparing the blockchain to other projects such as Ethereum and Bitcoin.
On February 25, the Solana network faced performance degradation issues resulting in transaction disruptions, prompting validators to opt for a network reboot. Seemingly tired of the same old story, members of the community expressed themselves on Twitter, with some even questioning Solana’s (SOL) ranking as a top cryptocurrency.
Amid the network woes, nonfungible token (NFT) artist Crypto Tea raised a question about how the Solana blockchain made it to the top 10 list while having such performance issues. She tweeted:
In response to the tweet, Solana Mobile developer Andrew Watson so that they chose “security over vibrancy” and pointed out that they are “in it for the long term”. In response to Watson, another community member raised other concerns, such as putting decentralized financial protocols at risk of insolvency.
Apart from these, other community members started comparing Solana to Ethereum and Bitcoin. A community member highlighted in a Twitter thread that Ethereum went with the slow but safe route, while Solana chose to move quickly as they sometimes broke. The Twitter user said that while Solana’s approach is riskier, it also paves the way for faster innovation.
Meanwhile a Bitcoin supporter too tip out how Bitcoin (BTC) never needs a reboot amid Solana’s network woes.
Related: Solana Spaces will close stores in New York and Miami 7 months after opening
On February 27, the Solana Foundation published a new update on the issue. According to the team, the Solana Mainnet Beta was successfully restarted on February 26, and “no verified user transactions were rolled back or affected.” However, the team highlighted that at the moment the cause of the problem is unknown and is still under investigation.
The Solana blockchain has faced some notable disruptions over the years. In September 2021, a major outage was caused by a denial of service attack by bots spamming Raydium. In May 2022, bots invaded the network and caused a 7-hour blackout. In June 2022, a consensus failure due to a bug caused another blackout, causing SOL’s price to decrease.
