Radkl’s Jim Greco, like many traders who have had to deal with the Solana network’s outage over the last few days, is annoyed.
“How can anyone possibly trust the Solana network with real capital after a meltdown like today?” Greco said in a tweet on Friday night.
As the price of cryptocurrencies across the board slid during Friday’s trading session, traders large and small found themselves unable to execute transactions on Solana’s blockchain — a protocol that has been touted by proponents for its scalability and fast transaction speeds. Transactions per second (tps) were down significantly.
Those issues spilled into Saturday. Meanwhile Solana’s official status Twitter account noted that the blockchain has been “experiencing high levels of network congestion” tied to “excessive duplicate transactions.”
According to Solana founder Anatoly Yakovenko, bots were also apparently sending duplicate transactions, adding to the problem.
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