Coinbase Steps to Improve Solana Support Amid Delays

user avatar

by Giorgi Kostiuk

2 years ago

In recent weeks, Coinbase faced issues with transaction delays on the Solana blockchain, causing user dissatisfaction. The company's CEO announced plans to address these issues.

Reasons for Transaction Delays

A recent surge in activity on Solana, including a new meme coin, resulted in massive transaction delays on Coinbase. Users reported waiting hours, or even more, leading to dissatisfaction among users.

Measures Promised by Coinbase

Coinbase CEO Brian Armstrong pledged to improve Solana support, aligning it with Bitcoin and Ethereum support. He acknowledged the need to improve infrastructure to handle increased transaction volumes.

Community Reaction and Next Steps

The community expressed concerns about Coinbase's commitment to Solana due to its connection with the Base network. Many users demanded greater transparency and reassurance about the safety of their funds. Armstrong emphasized the need to 'step up the game' to improve Solana operations.

Coinbase acknowledges the issues caused by increased activity on Solana and promises to take measures to improve the situation and ensure more reliable support.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Core Release Candidate Fixes SQL Connection Pool Deadlock

The latest release candidate addresses a deadlock issue in the SQL connection pool, crucial for node reliability.

user avatarElias Mukuru

Bitcoin Core's October 22 Release Candidate Enhances Wallet Security

The October 22 release candidate of Bitcoin Core introduces important changes to enhance wallet security by bounding fee estimates.

user avatarDiego Alvarez

Solana Launches Create for Branded Yield-Bearing Tokens

On October 22, Solana launched Create, a platform designed to simplify the issuance of branded yield-bearing tokens.

user avatarKenji Takahashi

Key Themes and Expectations for Ripple's Upcoming Conference

Key themes for Ripple's upcoming conference include payments, tokenization, stablecoins, and XRP utility, aiming to provide insights into financial relationships and technical settlement processes.

user avatarGustavo Mendoza

World Discusses Challenges in Transaction Risk Screening

World discusses the complexities of transaction risk screening, highlighting the need for thorough verification of participants and payment destinations.

user avatarRajesh Kumar

Ripple's Swell and Apex Conference Scheduled for October

Ripple's Swell conference is scheduled for October 27-29 in New York, merging with the Apex developer gathering to discuss payments, tokenization, stablecoins, and XRP utility.

user avatarMaria Fernandez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.