Cardano Founder Takes Jab At Solana After Major Outage
On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incide...
On Tuesday, the Solana blockchain experienced a major outage that stopped the network’s mainnet operations for approximately 5 hours. The outage raised concerns about the blockchain’s stability and security as the incident became the 11th of the kind in the last 2 years.
Kicking Solana When It’s Down?On February 6, the Solana blockchain network suffered a significant outage that lasted 4 and 46 minutes and disrupted the network’s operations, raising doubts about the blockchain and exposing the project to fierce criticism.
The crypto community took no time to share their thoughts about the situation, with many crypto investors referring to memes and jokes to express their concerns about the history of Solana’s outages.
Among the online voices, Cardano’s Founder, Charles Hoskinson, took the opportunity to poke fun at the situation by referencing his previous jokes about the network. Hoskinson replied to the Solana team’s announcement simply stating, “This always works,” and attaching a gif of a man blowing a malfunctioning video game’s cartridge before inserting it back into the console.
This always works https://t.co/5kVRVGFM4l pic.twitter.com/X9yJXcETQn
— Charles Hoskinson (@IOHK_Charles) February 6, 2024
Members of the crypto community found the remark amusing. One user brought forward previous sarcastic comments that the Cardano founder made during an Ask Me Anything (AMA) session two years ago.
Hoskinson trolled the AMA viewers by claiming collaboration between the two networks was possible. He started saying, “You know, collaboration with Solana would make a lot of sense…” before recalling a story of his brother owning a successful Nintendo repair shop and comparing the blockchain to a broken gaming console.
So I was thinking since you know Solana comes from that world, that maybe there’s some legacy there, you know, we can figure out how to turn it on and off, taking it out on the cartridge, these types of things. I don’t know, it might be possible.
Hoskinson finished the statement by mockingly suggesting that the collaboration wouldn’t happen, he said “But my brother doesn’t do Nintendo stuff anymore. He’s a doctor.”
"Collaboration with Solana would actually make a lot of sense." @IOHK_Charles
Perhaps #Solana can become a partner chain? #Cardano pic.twitter.com/8Vp0NMNl7a
— St₳kΣ with Pride (@StakeWithPride) February 6, 2024
Besides Cardano’s founder, Wall Street veteran and journalist Max Keiser also criticized the Solana team’s announcement in reply. Keiser called SOL, Solana’s native token, “centralized garbage” and took the opportunity to also shoot at coins like ETH, ADA, and BNB.
Solana Swiftly RecoversRecently, Solana’s DeFi ecosystem made the headlines after the Solana-based decentralized exchanges (DEXs) daily trading volume surpassed Ethereum’s for the second time, according to data from DefiLlama, hinting at healthy growth and development in the Solana ecosystem.
Despite the doubts and concerns of crypto investors during the outage, SOL’s price recovered from the initial drop and has recovered 1.8% in the last 24 hours, according to data from CoinGecko. At the time of writing, SOL is trading at $97.
Original source
Read on NewsBTCRelated market context
Cardano’s Charles Hoskinson clarifies disputed 1,096 BTC payment from project’s early days
The dispute highlights the need for transparency in crypto governance, potentially impacting investor trust and regulatory scrutin...
Charles Hoskinson Stands On $70M BTC Payment From 2016 Manx Entity: Critics Want the Paper Trail
Cardano News: Charles Hoskinson is defending a 1,096 BTC allocation from Cardano’s early foundation structure, an amount worth rou...
Cardano’s Hoskinson Says Disputed 1,096 Bitcoin Funded a 2016 Audit Amid $70 Million Mystery
Cardano co-founder Charles Hoskinson has said that 1,096 BTC, worth roughly $70 million today, held by an Isle of Man foundation w...
Solana Policy Institute Urges Senate To Protect Developers In CLARITY Act Debate
The Solana Policy Institute is urging Senate leaders to preserve protections for open-source developers and validators as lawmaker...
CLARITY Act Nears Senate Vote as Solana Pushes Critical Crypto Developer Protections
Key Takeaways: Solana Institute is urging the Senate not to strip developer protections from the CLARITY Act. Industry leaders say...
XRP just beat Ethereum, Solana and others in 90-Day RWA flows as traders pile back into the token
The XRP Ledger (XRPL) drew more new tokenized real-world asset capital than Ethereum, Solana, and other major blockchains over the...