There has been some criticism about Solana since it was established in March of 2020. Through a thread he created, Cyber Capital founder Justin Bons exposed the network’s recent “anomalies.” and how it violated decentralization in the sense of DeFi. The native token of the network had a bullish pullback despite the controversy. Given the fundamental nature of some of the conflicts in which the Solana network finds itself embroiled, this comes as something of a surprise. Is this price drop a precursor to future gains? Related Reading: Polygon Spikes 6.5% In Last 24 Hours As MATIC Investors See Bullish Momentum The Barrier To Confusion At the moment, Bons is the most outspoken Solana critic, having started multiple threads concerning the most recent network developments. Solana has had many outages this year, the most recent being on October 1, according to his latest thread. This is a serious issue for the network, since it might undermine trust in the project and its token among investors. Chart: TradingView.com An issue with a single validator on Solana’s blockchain led to the outage. As a result, the entire blockchain came to a halt, rendering all transactions suspended for a short time. The management of Solana then utilized check-pointing to restart the entire cluster. In this way, they broke the decentralization of their ostensibly decentralized system. Additionally, the developers are the target o...
