While celebrating its one-year anniversary, the blockchain Aptos suffered a 5-hour outage. The outage happened when the platform was hosting a mass drawing application. While blocks on the network usually confirm in less than a second, AptoScan shows a 5-hour and 6-minute difference between two transactions on October 18th. To celebrate its first birthday, the Aptos Foundation created a drawing platform Graffio.art where Aptos wallet users could contribute to a blank canvas to create a community art piece. When the shutdown occurred, 4,000 users were painting on the online canvas.
The outage had an impact on the native gas-paying token APT, which dropped from 2.2% shortly after the outage happened. Overall, the token is trading 35.8% lower than when it launched last year. Outages such as these have long-lasting impacts on crypto projects, rendering them unreliable in the eyes of investors. At a time when crypto is plagued by bad press, experiencing outages like this one can have a devastating effect on the project’s future.
In this article, we’re delving into some crypto projects that are more reliable than Aptos. Ethereum ($ETH), Cardano ($ADA), and the new crypto project Doge Uprising ($DUP) all show a more reliable future – and we’re exploring how.
What Makes Ethereum A Reliable Platform?
Ethereum is widely regarded to be one of the most reliable blockchain platforms. Although there have been a few instances where Ethereum has experienced disruptions in service, this has generally been caused by network congestion issues or problematic nodes rather than complete blockchain outages. As with any complicated system, Ethereum is not immune to technical issues. For example, in early 2023 Ethereum failed to finalize transactions for 25 minutes. However, luckily the platform managed to avoid a full outage and some even argue that the 25-minute period had zero impact on Ethereum at all.
Is Ethereum A Good Long-Term Investment?
Although Ethereum is one of the most reliable platforms, with great long-term potential, nothing is 100% predictable in the crypto space. All crypto investments have the potential to be incredibly volatile, with large peaks and troughs in price movement. If you’re prepared to take the risks, the rewards could be huge, but so could the losses.
Is Cardano A Reliable Cryptocurrency?
Cardano ($ADA) has a reputation as one of the most stable and reliable blockchain networks in the cryptocurrency industry. It ran smoothly for more than five years until early 2023 when 50% of the nodes had a temporary outage. However, this was only brief and didn’t take the whole network offline. The Cardano ‘node’ is a core component that underpins the whole Cardano network. A blockchain network is simply just a collection of interconnected nodes, working together to validate transactions and utilize consensus. Although the 50% node outage caused disruption, it didn’t take the whole network down like Aptos.
Will The New Cryptocurrency Doge Uprising Be Stable And Reliable?
The new crypto project Doge Uprising is looking to be an exciting new project with lots of utility. Putting its community at the forefront, this cryptocurrency will aim to remain reliable and stable for its users. The project has an immersive Web3 universe in its roadmap, which will only find success if users can delve into the space uninterrupted by consistent outages.
As an ERC-20 token, it plans to harness the power of Ethereum, making it the technological backbone of the project. The ERC-20 standard ensures compatibility with other decentralized applications on the Ethereum blockchain which fosters unity. Ethereum is a flexible, reliable foundation to fuel Doge Uprising’s tokenomics and power the staking, yield farming, and NFT collections it has planned. Beyond just the technical prowess, the ERC-20 backbone integrates Doge Uprising seamlessly into the blockchain framework, breathing life into its Doge Mecha NFTs.
If you’re interested in finding out more about this project, follow the links below.
Doge Uprising ($DUP):
| Website: | https://dogeuprising.co/ |
| Telegram: | https://t.me/+JfnjZpCD9b4wNTlk |
| Twitter: | https://twitter.com/Doge_Uprising |
| Discord: | https://discord.gg/D6auhYKnFS |