Several reports indicate that Solana experienced outages and DDoS attacks this month. However, co-founder Raj Gokal corrected that this was not true, claiming that the NFT game SolChicks was the cause of the poor performance.

Raj Gokal – Co-Founder of Solana Labs

SOL was heavily overloaded, resulting in many inaccurate statements about the outage, which led the crypto community to criticize the network. Because in the past, Solana also had a precedent for the closure. Co-founder Raj Gokal clear up that the network was not down and that there were no DDoS attacks earlier this month.

SOL transactions failed | The source: Solana Beach

There have been many reports that the network is down, but the reality is that the network is only experiencing a temporary drop in performance. Some users found that the network was slower for a day and transactions were interrupted.

SolChicks to say their NFT CHICKS series created network performance problems. Tens of thousands of people tried to buy CHICKS and overloaded Solana’s decentralized Raydium exchange.

At the same time Reddit users too mention to a large number of NFT CHICKS transactions on Raydium. They stress that the project is hyped and has a very high operating frequency. This even forced Telegram to close the group as their servers were affected.

Current TPS on Solana | Source: Solana Beach

Critics mistakenly interpreted the incident as a failure. Instead, the network performance drops to around 1,000 transactions per second due to the IDO from SolChicks. Of course, they are still criticizing Solana, a blockchain with a potential transaction throughput of up to 50,000 TPS.

In particular, some market enthusiasts condemn Solana for not being decentralized enough. This state of criticism has existed for some time. Polkadot founder Gavin Wood, said in September 2021 that decentralization is more important than throughput – something that some in the community see as a weakness at Solana.

Solana continues to work despite the problem

It is true that SOL has seen some negative incidents related to the network this year. In September 2021, the network went down and developers have to restart the mainnet (mainnet) beta. The incident lasted more than 17 hours and caused SOL’s course to collapse.

Still, SOL scores well overall. The ecosystem is developing very strongly. The Phantom Wallet reached 1 million active users in early November. Institutional investors are also more interested in this asset, especially since Grayscale introduced the SOL Trust with institutions and investors.

The SOL team and investors are optimistic about the future of the network. As the founder of Multicoin Capital, the leading investor in the Solana ecosystem, Kyle Samani, suspect Bitcoin will be dethroned in the medium term. Hence, he expects altcoins to do well in the years to come.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow Facebook page