Solana once again was down for hours

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Solana has been one of the top 10 cryptocurrency. It is believed to be the eth killer as it was able to progress 65,000 transaction per second. Wehn you compare to eth which can only do 15 transaction per second, you can start to understand why solana has so much attention and its price from within a year can rise from a few dollar to its peak of $250 in 2021.
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However, Solana was once again down for 4hours+ today. The issue came from a bug where "Durable nonce instruction caused part of the network to consider the block is invalid, no consensus could be formed.". You can refer to Yakovenko's tweet here:
https://twitter.com/aeyakovenko/status/1532076517739532288?s=20&t=xzT_ZraDBZj83LBo9FAdCQ
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What is even more worse is that validators are able to join together to disable the durable nonce feature. Cryptocurrency & blockchain thrive on the basis of decentralisation, and that means that no one can control the network. Yet Solana is not the first time that have the network down, making all the projects on solana stall with no progress. Solana was able to gather most of the validators to control back the network, making the decentralisation idea meaningless. I believe many people would have already heard of the biggest crypto hack where over $600mil of crypto was hacked on ronin, where the key factor is that the hacker was able to control over half of the validators which ronin at that time only had 9 and 4 belongs to the mavis which the hackers hacked into. So that is the danger where there is control over a crypto network or blockchain where cryptocurrency always to be proud of.

As a result of this 4hours of down time, solana price has crashed more than 10% from $46 to less than $40.
sol02.png
What is more scary is that solana network was down again just 1-2days ago on 30 Apr where bots are making 6,000,000 transaction per seconds on the launch of a new NFT project on solana.

So, the most overwhelming strength that Solana used to claim about its super low fee and handling huge transaction ticket per sec can actually became its flaw as low fee attracted bots to spam countless transactions.

Do you still believe in solana given the network had 2 break down just within 2-3 days??

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17 comments
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I just read a post where readthisplease had issues with running NFT transactions on Solana as a result of this.

Being that he said this is not the first time, I think people should keep their eyes and ears open.

The fact that they can work on the nonces clearly shows a centralized platform not a decentralized one. And that should be suspicious in my opinion.

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The bots overwhelming the network for the nft caused the breakdown of the network days ago. Today was from another issue. So you can imagine how unstable the current solana network is.

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It's really unstable. And this is clearly ruining their reputation. Their Ethereum killer story won't hold up for long if they don't fix this.

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Solana seems like a poo coin.

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It definitely showing itself to be one if they continue not to beef up their game.

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hmm can't imagine i will see solana at this price again, crypto is indeed a gamble

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Yup, from the all time high of $250, it really has fallen hard from its glory days.

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Oh wow! This is not good news for the Solana network. Be careful of the statements you make, boldly claiming themselves to be the ETH killer, then constantly crashing 😳

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well, in general that is what people would call a project to be eth killer as they are not built on eth and solve the scaling issue that eth is heavily facing right now. so eth killer has been given to iota, neo, polkadot etc.

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Is Solana in trouble? Things do not look good. Only time will tell. Thanks for sharing.

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Seem like it if they dont resolve this issue. When it first happen, the dev just dont really care and move on. But now it has been happening so frequent that people realise that it is no longer a one time thing. And if you are dev, you will also start to think if it is gd to build on solana given the risk that your project can be halt for hours.

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I am also worried about Solana. I wanted to add to my portfolio, but now I am having doubts.
Thanks for keeping us updated.
!CTP

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I still think SOL is one of the top 10 coins, but anything can happen after what happened to LUNA. Right now, I think the only blue chips right now are BTC, ETH, and BNB. Not much issues with these 3.
!PIZZA

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