The Solana network has encountered yet another service disruption, continuing a troubling trend that has plagued the platform annually. While recent outages have not notably affected SOL coin prices, they have captured the community’s concern once again, highlighting ongoing reliability issues.
What Challenges Does Phantom Wallet Face?
Phantom, the leading wallet service on the Solana network, has reported significant service interruptions. Users are currently struggling to access accurate account balances and execute transactions. The Phantom team admits to facing serious challenges and is actively working towards rectifying the situation.
What Triggers These Network Issues?
The primary issue stems from the distribution of 10% of the GRASS Token supply through an airdrop. This surge in user activity led to various disturbances within the network, exacerbating the service interruption.
In a recent communication, Phantom stated: “We are currently experiencing an outage, and some services may be temporarily disrupted. If you need to perform an urgent transaction, please disregard simulation errors and try using a dapp. Thank you for your patience as we work to resolve the issue.”
- The ongoing interruptions have become a regular occurrence for Solana.
- Phantom is unable to give a specific timeline for full service restoration.
- Past issues on February 3 and August 15 raise questions about the underlying stability of the network.
As the situation develops, the community watches closely. The persistent reliability problems not only affect user experience but also challenge the credibility of the Solana network in the broader cryptocurrency landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/solana-network-experiences-latest-service-disruption