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Scalability or stability? Solana network outages show work still needed
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Solana is a highly scalable decentralized blockchain developed with a unique method of ordering transactions that significantly improves its transaction throughput, to the point that it has consistently been processing over 2,500 transactions per second. It claims to be able to process 50,000 transactions per second.
The power of Solana’s cheap transactions is felt when it’s time to pay transaction fees, with users being able to move funds on the network for a fraction of a cent. By comparison, the average transaction fee on the Bitcoin network is around $1.80, even after dropping nearly 58% this year. Meanwhile, Ethereum gas fees cost an average of $22 and up per transaction.
While Solana has an extremely high transaction throughput, some
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