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CryptocurrencySolana's Value Declines Following 11th Network Outage, While Pandoshi Presale Nears Conclusion

Solana's Value Declines Following 11th Network Outage, While Pandoshi Presale Nears Conclusion



The market-leading blockchain network Solana suffered its 11th major outage on February 6th, 2024, causing a halt in block production for over 5 hours. This latest incident has further eroded confidence in Solana’s reliability and led to intense scrutiny of its persistent technical issues. 

Solana’s Unprecedented Downtime

Solana, which had gained attention for its fast transaction speeds and low fees compared to networks like Ethereum, experienced a disruption that bewildered many in the community. The recent outage represented highly unusual downtime given Solana’s typical 400 millisecond block time. 

The Solana Foundation confirmed the “major outage” on the blockchain’s status page, proving this was no minor hiccup. As engineers scrambled to diagnose the issue, faith in Solana’s ability to provide stable infrastructure took another hit.

Unfortunately, this outage is just the latest in a long line of incidents that have challenged Solana since its launch in 2020. Despite its meteoric growth last year, Solana has now suffered 11 major outages in two years, recurring issues that have frequently brought activity on the network to a standstill.

Each time, developers have had to coordinate efforts to get Solana back online. However, the repeated failures have left many users and developers questioning if Solana’s impressive benchmarks for speed and cost can outweigh its apparent instability.

Pandoshi Presale Nears Conclusion as Confidence Builds 

As Solana’s woes mount, a new crypto project, Pandoshi, has almost concluded a successful token sale while avoiding the stability pitfalls Solana continues to face. 

Pandoshi utilizes a robust decentralized infrastructure to offer fast and affordable transactions for its community. The Pandoshi Wallet has already launched on Android, providing users with a convenient gateway to its wider ecosystem.  

At the core of this ecosystem lies PandaChain, a scalable layer-2 blockchain solution specialized for the project’s needs. By optimizing for Pandoshi rather than pursuing generalized infrastructure, the risk of instability has been minimized. 

Pandoshi also offers unique capabilities like integrated crypto debit cards to bridge the gap between digital and real-world asset usage. 

Pandoshi has delivered on key promises during its launch phase, with features like the wallet app already available for download among Android users. This has, in turn- built confidence that the team can execute on its long-term roadmap.

Conclusion

Solana’s persistent network outages continue to raise concerns despite its appealing performance benchmarks, while Pandoshi’s successful token sale and rapid delivery of core products signal a project on the rise.

As crypto infrastructure matures, the ability to provide reliable and consistent access may serve as the ultimate test of a network’s capabilities. Only time will tell if Solana’s issues are growing pains or indicative of more systemic limitations.

Meanwhile, Pandoshi’s stability as it onboards users bodes well. By prioritizing robustness at its foundation and linking the digital and physical worlds, Pandoshi represents the next evolution of crypto entering the mainstream.

Click Here To Buy PAMBO Tokens

Explore the following links for detailed information on Pandoshi (PAMBO):

Website: https://pandoshi.com/ Whitepaper: https://docs.pandoshi.com/

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

 



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