Community Trust ScoreVerified
- Ethereum Killer Fashion Statement
- Ethereum Cardano Polkadot Solano Competing
- Solana Instability
- ADA and DOT superior on paper
- Solana simply restarted the blockchain – it looks like ETH killers have trouble too!
Claiming to be an “Ethereum Killer” has become a fashion statement in the cryptocurrency space.
Solana has been called the “Ethereum Killer” like Cardano and Polkadot. On paper, Cardano or Polkadot appears to be significantly superior to Ethereum due to the new technology and architecture.
The claim is that Solana is faster than Ethereum. The processing speed of Solana is 50,000 transactions per second or more compared to Ethereum’s 15 to 45 TPS rate.
Recently, Solana experienced intermittent instability on the mainnet beta. All the claims made by Solana now has left users wondering if it is too good to be true.
On September 14, 2021, Solana Status expressed: “Solana mainnet-beta is experiencing intermittent instability. This began approximately 45 minutes ago, and engineers are investigating the issue.”
Adjacent services, which help the Solana Network, also experienced network issues. Arbitrium declared they were experiencing delays. For clarity, Arbitrum is an Optimistic Rollup built to scale Ethereum by Off-chain Labs.
Phantom, a Solana wallet, expressed in their Twitter account that they and “other applications are having trouble connecting.”
Phantom, a Solana wallet, makes it safe and easy to store, send, receive, stake, and swap tokens on the Solana blockchain. Phantom unlocks a secure and straightforward way to interact with blockchain-based applications directly from your favorite web browser. It facilitates collecting NFTs and swapping tokens.
Previously on August 31, 2021, SolanaMees, an NFT project, also reported similar issues. For clarity, at Solana Mees, you can mint a random SolMee and become the Creator who earns from future sales.
On September 14, 2021, Anatoly Yakovenko expressed, “Same thing that happened to ETH during Shanghai attacks.”
Ultimately, The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25. Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality should be restored.
However, “Unlike Solana, the Ethereum network did not shut down the network. One of the users expressed: Ethereum has literally been running for five years and never had this happened, even with way more usage and transaction volume. Ethereum 2.0’s Proof-of-Stake chain has been running for 7 months with exactly one small deviation from POW (fixed) that didn’t stop the chain. No FUD, please.”
However, critics expressed: Very high chance this will happen to eth at some stage; even with ETH 2.0, ETH is covered in so many bandages already that can fall off.
Meanwhile, the community were like: The question is how can Solana restart blockchain just like that? Isn’t it that crypto should be decentralized, well, at least good projects? We should all appreciate ETH and XTZ and now also ADA for what they stand for.
