So what again?
This time there were doubts about the reliability Solana, after the network suffered another failure. Over the past two months, the network has faced many problems. Last crash Solana happened from 21 to 22 January and led to the fact that the network did not work for about 30 hours and this is the second such incident this month.
Due to network congestion, several transactions failed this month on Solana, moreover, the network encountered the problem of low speed. Who knows well Solana, nods his head confirming that Solana which is presented as a killer Ethereum is famous for its high transaction speed at low cost. Blockchain users have recently begun to face huge difficulties. Everywhere you look everywhere the networks are overloaded, WAX faced a similar problem. Now, for a comfortable daily use of an account in games, you need from 1000 WAX in the CPU, all this against the background of the rapid growth of new users, which directly affected the increase in resource consumption.
Let's get back to our Solans, shall we?
On the official twitter SolanaOn January 22, it was written that the beta version of the main network is experiencing a high level of congestion. After 24 hours, the developers were able to determine the cause of the problem and confirmed that the last network outage was due to excessive duplication of transactions.
According to a detailed report published on solendBots are the culprit. The bots have reportedly started spamming the network with transactions in small amounts. Unfortunately, several users have gotten into trouble by taking out asset-backed loans and failing to save them. This led to a lot of liquidations who tried to save their accounts with several deposit and redemption attempts, but it didn't work.
📢 MILESTONE: 11 MILLION WAX #Blockchain accounts created!
— WAX Blockchain (@WAX_io) January 18, 2022
The WAX #NFT ecosystem keeps expanding & we want to thank our global community of collectors, # Play2Earn gamers, partners & projects for making WAX a success.$ WAXP is #metaverse ready. Are you? https://t.co/xnGnNdfEfi pic.twitter.com/p8cpc51mmI
At the same time, AtomicHub recently registered the creation of 100 million NFT, which in addition to adoption creates an additional burden.
🎉 We've hit 100 million NFTs created on @AtomicHub!
— AtomicHub (@AtomicHub) January 22, 2022
To all of our creators, collectors and @WAX_io fans alike, thank you all - here's to 200mil! 🍻 pic.twitter.com/asrnkqyZTb
Interruptions growing like flowers in the sun are forcing to sow the seed of doubts about the reliability of not only Solana, but also Polygon and other blockchains.
Speaking of flowers! It's not quiet at the Polygon either. We here recalled a recent problem due to which a micro scandal broke out around the vulnerability Sunflower farmers on Polygon, the situation dealt a serious blow to the reputation of the blockchain, increasing the price of gas to 1000 gwei, and this is in the blockchain, which is claimed to have low transaction costs and speed. This is not comparable to the price in Ethereum, but still 1000 gwei is 1000 gwei, and some transactions did not take hours at all. You can read more about it on our website by clicking on the button below.
To solve this problem, Solana's engineers released update 1.8.14. The team pledged to compensate users who were eliminated during the incident with a refund of 50% of their account. In addition, the developers intend to compensate the losses of those users who suffered from the abnormal volatility of SOL by refunding them 100% of their liquidated account.
There is even a slight correlation between problems in blockchains and downtrends. Apparently we have reached the ceiling in terms of the number of blockchain users at the moment in this growth cycle and scaling needs to be accelerated or more Layer-1 solutions should be used. In this regard, the trend of big capital to invest in Layer-1 is understandable.
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