The Solana network was unavailable over the weekend, but this was not the first outage of the blockchain.
Solana (SOL) has proven to be a real alternative to Ethereum in the past year. The price of the cryptocurrency had increased more than two hundredfold in some cases, and this was also an extraordinary increase in the cryptocurrency sector. Solana even managed to become the fifth most valuable cryptocurrency in terms of market capitalisation, passing cryptocurrencies such as Cardano (ADA) and Ripple (XRP). But this past weekend, the Solana network is making sub-optimal news again.
This is not the first time the Solana blockchain has gone down. The network is still in the beta phase, but the renewed incident ensures that trust in the network is sinking. Compared to Solana, the blockchain of the competitor Bitcoin has been running without interruption since the beginning, as has the Cardano network. Although the Cardano network is regularly criticised because it is only developed very steadily, it has not failed once in all these years.
On Twitter, the developers cited excessive duplicate transactions as the reason that had paralysed the network. This is already the sixth outage within the last three months. In principle, this is the worst-case scenario for a decentralised network. Renewed failures are to be eliminated in the near future by means of a network update.
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