CandleFocus
Coinbase resolves Solana transaction delays, admits internal missteps
2024-11-29
Author: Content Editor
The Solana blockchain community has expressed concerns about Coinbase due to prolonged transaction delays on the network. Screenshots shared by Solana users revealed that transactions on the blockchain took up to 45 minutes to process, much longer than other networks like Base, Algorand, Arbitrum, and Avalanche. Coinbase attributed the delays to wallet maintenance or blockchain issues, which frustrated the crypto community. However, prominent figures within the Solana ecosystem, including Mert Mumtaz of Helius Labs and Austin Federa of Solana, stated that the delays were caused by Coinbase's internal indexing systems, not Solana's infrastructure. Coinbase later acknowledged the delays and stated that the issues had been resolved. Despite some ongoing criticism, Milk Road creator Kyle Reidhead urged the community to appreciate Coinbase's contributions to the industry.
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