Solana has gone completely or partially down at least seven times since September 2021
Charles Hoskinson, the creator of Cardano (ADA), mocked Solana’s new mobile phone by bringing up the issue of Solana’s network outages. Hoskinson sarcastically tweeted that users might need to locate seven of their friends on Discord to restart it, implying that the mobile phone might experience performance issues like this Solana blockchain.
Solana has gone completely or partially down at least seven times since September 2021. A bug in the “durable nonce transactions feature” around the beginning of June caused Solana to experience its most recent and fifth outage of 2022, which made the network cease producing blocks for about four and a half hours.
As reported by U.Today, Solana developers have disabled the durable nonce transaction feature to prevent the network from going down if the same situation were to happen again.
On Thursday, Solana announced the release of the “Saga,” an Android phone with features that are closely integrated with Solana, at an event in New York.
According to industry watchers, the phone could represent Solana’s biggest bet yet on mobile-focused growth. A mobile wallet adapter, web3 app store, built-in “Solana Pay” to enable QR code-based on-chain payments, and a “seed vault” that will keep private keys deep inside the phone are all included in the features. The price is expected to be around $1,000 and it could be available for delivery in early 2023, according to an official statement.
Cardano’s founder testifies before House committee
Charles Hoskinson, the founder of Cardano, spoke on the future of digital asset regulation before the House committee on agriculture, which is in charge of the CFTC. The recap has been posted by Cardano’s IOHK.
Charles Hoskinson noted that he continues to be in favor of and supportive of proper and responsible regulation of digital assets and blockchain technology when discussing the importance of regulation in the crypto space.
However, he notes that given the novelty of the technology and the radical novelty of the asset class, it cannot easily fit within the parameters of the laws and tests established almost a century ago.