According to the Solana status update, network validators are being asked to prepare for a restart. Meanwhile, the network's decentralization is criticized.
some of the issues it was dealing with and how it “degraded performance.” The team blamed “high compute transactions, which is reducing network capacity to several thousand transactions per second.”
Of course, with Solana going down again, the comments on social media and crypto related forums have not been kind to the crypto project worth $14 billion. “Solana has now failed for the 8th time. The network is currently halted,” one individual . “Trading of the $14 billion asset is still possible on centralized exchanges, which seems to be the primary use case of a constantly failing network,” the person added.
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