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Solar Raises ‘Consideration of Investment’ Again

Bytomasian

Jul 24, 2022

Attention is drawn to the opinion that Solar or investment in the blockchain project should be paid attention.

On the 23rd (local time), the head of investment at the Dutch Crypto Fund Cyber Capital Jersitin Bones pointed out on his social network service (SNS) that “Solana has a number of risk signals,” and that investment should be paid attention.

“The blockchain should not stop permanently, but Solar is the only blockchain that has stopped seven times in the past few months,” he said.

In addition, the Solana team introduced that the total distribution of tokens was 8.2 million in April 2020, but in reality, it exceeded 20 million.

In addition, an additional 13 million tokens that were not locked up by a third party were found, and there was an inflated part in the introduction of Processing Speed (TPS).

Until now, Solana has been a representative chain suffering from a series of network failures. It appeared as an Ethereum killer chain and attracted attention in Korea as famous game company Krafton adopted it as the main net.

Solarna has been advocating the advantage of having a shorter transaction delay time than other blockchain platforms as a historical proof (Po However, stability problems continued to come under fire as DApps, which use Solana due to frequent network failures, also suffered some functional failures.

This year alone, the chain had problems with Solar or DDoS attacks that utilize vulnerabilities that process transactions in parallel in January, network speed delays, and binance withdrawals.

As a result, there has been an opinion in the market that Solana needs to solve the network stability problem as soon as possible by raising the minimum fee to restore trust.

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