Solana network has been stable for 7 months
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Johny Smith
2024/09/25
3 mins read
Over the past 7 months, the Solana blockchain has demonstrated impressive stability parameters. The fact is that during this period, the network uptime indicator reached 100%. This situation highlights the progress that developers have managed to achieve in terms of ensuring stability and reliability. Such high indicators were achieved due to an extensive network of validators. On the other hand, the blockchain may experience certain technical problems when there is a sharp surge in network activity.
It should also be noted that Solana faced a number of technical failures last year. At that time, many experts questioned the stability and reliability of the platform. However, the network has progressed in this regard. And stable operation for 7 months confirms this fact. At the beginning of 2024, the blockchain still encountered problems. For some time, due to a failure, users were unable to conduct transactions. But the developers quickly fixed the critical error.
It is also noteworthy that the creators of the Solana blockchain often implement important system updates. The Firedancer update is expected to be added soon. This will provide higher throughput and reduce transaction costs.
Over the past 7 days, the coin has increased in price by about 12.5%. Of course, the growth factor was the results of the last meeting of the Federal Reserve System. The regulator decided to reduce the key rate by 50 basis points. At the same time, officials of the department noted that now is the optimal period to begin a systematic easing of monetary policy. It is expected that by the end of next year, the regulator will reduce the rate to 3.4% per annum. However, some economists criticize this decision. In their opinion, the Federal Reserve took such a step to delay the inevitable debt crisis.
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