On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incident became the 11th of the kind in the last 2 years.
Kicking Solana When It’s Down?
On February 6, the Solana blockchain network suffered a significant outage that lasted 4 and 46 minutes and disrupted the network’s operations, raising doubts about the blockchain and exposing the project to fierce criticism.
The crypto community took no time to share their thoughts about the situation, with many crypto investors referring to memes and jokes to express their concerns about the history of Solana’s outages.
Among the online voices, Cardano’s Founder, Charles Hoskinson, took the opportunity to poke fun at the situation by referencing his previous jokes about the network. Hoskinson replied to the Solana team’s announcement simply stating, “This always works,” and attaching a gif of a man blowing a malfunctioning video game’s cartridge before inserting it back into the console.
— Charles Hoskinson (@IOHK_Charles) February 6, 2024
Members of the crypto community found the remark amusing. One user brought forward previous sarcastic comments that the Cardano founder made during an Ask Me Anything (AMA) session two years ago.
Hoskinson trolled the AMA viewers by claiming collaboration between the two networks was possible. He started saying, “You know, collaboration with Solana would make a lot of sense…” before recalling a story of his brother owning a successful Nintendo repair shop and comparing the blockchain to a broken gaming console.
So I was thinking since you know Solana comes from that world, that maybe there’s some legacy there, you know, we can figure out how to turn it on and off, taking it out on the cartridge, these types of things. I don’t know, it might be possible.
Hoskinson finished the statement by mockingly suggesting that the collaboration wouldn’t happen, he said “But my brother doesn’t do Nintendo stuff anymore. He’s a doctor.”
“Collaboration with Solana would actually make a lot of sense.” @IOHK_Charles
— St₳kΣ with Pride 🌈 (@StakeWithPride) February 6, 2024
Besides Cardano’s founder, Wall Street veteran and journalist Max Keiser also criticized the Solana team’s announcement in reply. Keiser called SOL, Solana’s native token, “centralized garbage” and took the opportunity to also shoot at coins like ETH, ADA, and BNB.
Solana Swiftly Recovers
Recently, Solana’s DeFi ecosystem made the headlines after the Solana-based decentralized exchanges (DEXs) daily trading volume surpassed Ethereum’s for the second time, according to data from DefiLlama, hinting at healthy growth and development in the Solana ecosystem.
Despite the doubts and concerns of crypto investors during the outage, SOL’s price recovered from the initial drop and has recovered 1.8% in the last 24 hours, according to data from CoinGecko. At the time of writing, SOL is trading at $97.
SOL is trading at $97.2 in the 1-day chart. Source: SOLUSDT on TradingView.com
Featured image from Unsplash.com, Chart from TradingView.com
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