Why Solana blockchain can’t be trusted? – Katoch Tubes
Solana and its inconsistencies
Solana and its inconsistencies
About Solana Chain
About Solana Chain
Founded in 2017 by Anatoly Yakovenko. Solana works on POS consensus in combination with PoH (Proof-of-History). It's the fastest growing chain in the industry.
Why Solana is famous?
Why Solana is famous?
Solana blockchain is known to be the fastest system with capacity to process 65,000 transactions per second.
What's the problem?
What's the problem?
Solana has a history of sudden outages. It has been down 8 times within a year for almost 6 to 8 hours.
Reason behind the Outage
Reason behind the Outage
The recent outage was due to a misconfigured node that caused the Solana network to stop processing transactions and go offline. 4th time in 2022
The wallet hack
The wallet hack
Solana users lost $8 million worth of cryptocurrencies in the Phantom wallet hack associated with the blockchain.
Can Solana be trusted?
Can Solana be trusted?
Solana is a decent chain but continuous outage has questioned its scalability. Newer projects may choose ETH or BNB over Solana in future
More About Solana
More About Solana
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