Max Keiser called Solana’s recent outage proof that the network is “centralized garbage.” The Bitcoin pundit places XRP, SOL, ETH, ADA, BNB, and AVAX in the same category for being vulnerable to attacks, despite a recent TVL surge.
Bitcoin maximalist Max Keiser said that Solana is “centralized garbage” after its outage threatened the value of SOL and all the applications built on the network.
Solana Network Outage Sparks Debate on Future
Yesterday, the Solana network went down between 9:53 a.m. UTC and 14:57 UTC. During that period, the network experienced severe impairment in processing transaction blocks. The network took minutes rather than milliseconds to add transaction blocks, mimicking what could happen to the network in the event of a 51% attack.
Read more: What Is Solana (SOL)?
Its failure has irked crypto industry voices, who think the investors should scrap the blockchain. Aside from Keiser’s centralization criticism, an NFT collector and former DeFi bull, who goes by the pseudonym “Beanie,” thinks yesterday’s network outage should be the final nail in Solana’s coffin.
“We gave Solana the benefit of the doubt a few years ago when it was routinely down. But I don’t see how the market can allow such incompetence to slide now. Send this brokeb centralized VC chain to zero with haste,” Beanie reflected.
He argued further that the token should have fallen 98% by investors dismissing the project. In his view, the blockchain has “zero value” and is “a worse version of MySQL.”
Read more: Solana (SOL) Price Prediction for 2023
Solana, co-found
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Author: David Thomas
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