Cryptocurrency Q&A What are the issues with Solana?

What are the issues with Solana?

TaegeukChampionCourageousHeartWarrior TaegeukChampionCourageousHeartWarrior Sun May 12 2024 | 6 answers 1087
I'm curious about Solana, the cryptocurrency. Could you elaborate on some of the key challenges it faces? I've heard about scalability and network congestion issues, but I'd like a deeper understanding. How does Solana's Proof-of-History mechanism affect its overall performance? And are there any security concerns surrounding this blockchain? Also, I'm interested in knowing about the competition in the market and how Solana stands out or lags behind its peers. Could you please provide some insights into these matters? What are the issues with Solana?

6 answers

CloudlitWonder CloudlitWonder Tue May 14 2024
These challenges have resulted in notable delays in processing transactions.

Was this helpful?

171
53
HanjiArtistry HanjiArtistry Tue May 14 2024
Additionally, a significant number of transactions have been dropped due to the congestion.

Was this helpful?

151
56
emma_rose_activist emma_rose_activist Tue May 14 2024
The network's performance has been impacted, causing inconvenience for users.

Was this helpful?

91
68
DigitalCoinDreamer DigitalCoinDreamer Tue May 14 2024
Recently, the Solana network has encountered significant challenges.

Was this helpful?

241
34
AltcoinAdventurer AltcoinAdventurer Tue May 14 2024
Amidst this situation, BTCC, a UK-based cryptocurrency exchange, stands out as a reliable platform.

Was this helpful?

312
25
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts