The Streak For Solana Ends at 351 Days of Uptime
After over a year the Solana Network suffered its first major outage in over a year. At the time of this post the blockchain had just begun to run again after suffering from a 5 hour outage. Compared to previous outages this outage does not appear to have impacted Solana’s price much compared to the history of price impacts when it comes to outages.
This is something that stuck out due to the price swings that outages have traditionally caused. With the insane popularity around the second Solana phone that has been announced, more than 60,000 preorders last I had seen, the token has seemed to have overcome the network outage news. It appears to lead credence to the idea that people who are utilizing and trading in this blockchain have come to understand the risks that go along with it but are okay with this and thus overlook things like this outage.
While Solana has been on a roll when it comes to outages this one shows that it is still not 110% “fixed” and still is going through growing pains. However, even though people are going to bash Solana as this has happened again no other blockchain seems to be even close to the amount of growth and development on their chain. Solana has managed to handle huge surges before and instead of bashing it from going down again what we should be watching for is to see if this fix addresses the issue and the blockchain stays up or if it crashes again. If it crashes again that will show us that there is a bigger issue at play and we need to further scrutinize what is going on.
Please know I am not a financial advisor and make sure you do your own research! If you enjoyed this article and would like to support me further below are a few referral links that if you used when signing up I would appreciate it! Also, follow me on Twitter @Cje95_
Fold App
Offers daily wheel spins to win free sats daily! If you sign up for Fold with my link here you will get 20,000 sats for free!
Robinhood
Robinhood is offering an excellent signup deal if you use my link here where we will both be awarded free stock. All that you have to do is sign up and connect your bank account for the award! With commission-free crypto trading and the ability to set limit orders, it is a great hybrid offering in my opinion! Not to forget the addition of wallets and the ability to send and receive crypto!
Unstoppable Domains
Sign up using my link here and get a free $10 credit towards your first $40+ purchase!
DeFi Cryptocurrency News Trading Solana (SOL) Dapps