Cyber Capital CIO Justin BonsIn a post on Twitter, he shared enough reasons to stay away from the Solana investment, criticizing the technology behind the token and the manipulations by the team.
Bons, who started his criticism by criticizing the Solana blockchain, reminded the blockchain that has crashed frequently in the past months, reminding that it is the only blockchain that has crashed seven times in a row.
1/25) Solana has far too many red flags
Blockchains should never have downtime
Yet SOL has gone down at least 7 times since I first spoke out!
A consequence of their own design decisions
There are many examples of lies, fraud & bad design
Exposing a pattern of bad behavior:
— Justin Bons (@Justin_Bons) July 22, 2022
As Koinfinans.com has shared before, the Solana blockchain experienced some interruptions in the period covering the years 2021-2022. The Solana team had a hard time activating the transaction confirmation process after an outage, so they had to restart the blockchain.
In addition to these interruptions witherThe team, which was found to have repeatedly given incorrect information about the actual circulating supply of , was often criticized. Justin Bons also recalled a wallet containing 13 million SOL tokens shared by a third party on the event in question.
He also added to his criticism that Solana’s (SOL) statements about the blockchain’s incredibly high peak throughput (reportedly over 400,000 transactions per second) are far from true.
Solana blockchain proof of date (PoH) The design of the consensus is not very innovative, according to the CIO. As predictably, Solana’s next block producer is likely to become prone to a 51% attack with an attack on blockchain validators.
Before concluding his criticism, Solana claimed that the newly announced Android smartphone Saga was one of Solana’s monetization initiatives.
He is also the developer of Solana, a former engineer for Coinbase and Blackberry. @0xMert_stated that all the claims shared by Bons have already been refuted.
For example, all Solana (SOL) consensus downtime can also be found on most proof-of-stake (PoS) blockchains, while all downtime is associated with IDoS attacks by bots.
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Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.