@borgeslahar

Like many so-called “Ethereum ETH tickers down $3,450 killers,” the Solana SOL tickers down $146 blockchain has yet to deliver on its promises in any meaningful way. Despite being theoretically fast and scalable, the network has a history of repeated network outages that are never fully resolved. It does not perform adequately under full network capacity. It’s supposed to process 50,000 transactions per second (TPS), but peaks around 1,000 TPS under real-world conditions — with 30-60 second waiting times. While impressive by blockchain standards, it’s nowhere near the commonly advertised speed, and it’s irrelevant in the context of never-ending network congestion.

0 reply

0 recast

0 reaction