Altcoin News

Solana co-founder adamant no network outage occurred

Solana co-founder Raj Gokal, said an IDO for NFT game SolChicks was responsible for the network’s heavy congestion.

The crypto community complained about the network’s recent heavy congestion which led to claims that Solana had suffered yet another outage.

The network had long been marred by network failures but SolChicks, an NFT fantasy play-to-earn game, insisted the tens of thousands of people trying to $CHICKS not only caused the Solana network to falter but were also responsible for its Raydium DEX crash.

Graphic illustrating several failed transactions, per Solana beach

The network usually achieves a potential transaction throughput of 50,000 TPS (transactions per second), but wilted to just 1,000 TPS, following the SolChicks IDO issues.

Gokal invited people to ‘step out of their bubble’ when addressing the reported network outage, and said misinformation from two individuals created a false narrative of the situation.

 

“Two people who wanted their 15 minutes of fame yesterday, neither of which have ever used the network, decided that ‘slightly slower for a little while’ meant ‘crashed and critically flawed’,” Gokal tweeted.

“They tweeted, and a lot of people decided to amplify that misinformation.”

Solana’s exciting future

Despite the consistent complaints about its network – especially the 17-hour outage suffered in September – it’s been a big year for Solana with its Phantom wallet topping a million users.

The integration with the Pocket network as well Grayscale launching the Grayscale Solana Trust will only develop the Solana ecosystem.

In terms of energy efficiency, Solana ranks as one of the highest of the top 25 cryptocurrencies, consuming just 1,837 Joules of energy per transaction which is fewer than two Google searches, demonstrating its increasing reputation as an ‘Ethereum-killer’.

Fasika Zelealem

Having graduated from the University of Kent last year, Fasika has entered the crypto space as a Journalist for Coin Rivet. Outside of the fascinating world of cryptocurrency, Fasika is an avid sports fan with a keen interest in football.

Disqus Comments Loading...

Recent Posts

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

3 weeks ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

4 weeks ago