The Solana blockchain community has raised concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users showed transactions on the blockchain taking up to 45 minutes to process, significantly longer than networks like Base, Algorand, Decision, and Avalanche.

Coinbase’s support attributed the delays to wallet maintenance or blockchain issues, suggesting that Solana’s infrastructure was the cause. This explanation led to frustration within the crypto community, with some accusing Coinbase of downplaying Solana’s capabilities in favor of its Base network.

Solana, the third-largest blockchain network behind Bitcoin and Ethereum, is a decentralized platform for building scalable applications. Prominent figures within the Solana ecosystem responded to these claims. Mert Mumtaz, CEO of Helius Labs, a Solana-focused RPC provider, explained that Coinbase’s internal indexing systems – not Solana’s infrastructure – were responsible for the delays.

Austin Federa, Solana’s Head of Strategy, dismissed Coinbase’s explanation, emphasizing that the delays stemmed from internal technical issues at the US-based exchange. He said, “The issue has nothing to do with the Solana network, rpcs, or anything of the like. It’s a boring old internal system issue on the exchange side.”

Additionally, a community note was promptly added to Coinbase’s support statement, highlighting that the exchange had faced unexplained Solana delays for months.

The note also compared blockchain performance metrics, showing Solana’s Time to Finality (TTF) at 12 seconds – significantly faster than Base and Arbitrum at 16 minutes. Coinbase resolved the issue on its status page, acknowledging the platform’s delays in processing Solana transactions but explaining that the issues had been resolved as of Nov.

28. Andrew Allen, a Protocol Specialist at Coinbase, confirmed that the issue had been resolved. Despite the resolution, some community members remained critical of the exchange and accused it of being unfriendly toward the network. However, Milk Road creator Kyle Reidhead urged the crypto community to appreciate Coinbase’s broader contributions to the industry rather than dwell on this issue.

Source

<p>The post Solana Blockchain Community Raises Concerns Over Coinbase Transaction Delays first appeared on CoinBuzzFeed.</p>