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Cardano Founder Takes Jab At Solana as Network Experiences New Outage

Sat, 10/01/2022 - 09:59
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Yuri Molchan
CEO of IOG trolls yet another Solana outage, “returning the favor”, “Ethereum killer” is now up and running again
Cardano Founder Takes Jab At Solana as Network Experiences New Outage
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Earlier today, Solana network experienced yet another outage, when it was not processing transactions. Developers within the ecosystem were working hard to spot the issue and restart the network, according to a tweet by @SolanaStatus Twitter account.

Founder of Cardano, IOG and co-founder of Ethereum, Charles Hoskinson, could not help taking a jab at a Cardano competitor whose founders previously poured criticism on Cardano chain.

This is not the first time, SOL founders and Hoskinson have been "exchanging courtesies" about their rival's chains.

Solana restart after today’s outage

An hour, ago Solana network was successfully restarted. This was yet another outage in a series of temporary failures of the ecosystem that took place throughout 2022.

The glitch that took Solana network down took several ours to diagnose and fix. Within less than a year, this has been by far not the first outage of Solana.

According to another tweet of @SolanaStatus, Solana restarted its Mainnet Beta. Now, all operators of the network will carry on restoring client services, which will take them several hours.

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Previous Solana outages this year

The previous time when Solana faced a more than four-hour outage was in June. In January, the network was down for more than 18 hours, and it brought massive losses to traders who were unable to sell their SOL tokens, and just watched the price plunge, losing large amounts of money.

At the time of writing this, SOL is down 6.35 percent on the news, trading at $33.09, almost completely erasing its gains of more than 9 percent it saw over the past few days.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at