hey also noted that the Solana blockchain is slow on Coinbase, with transaction times of up to 45 minutes. At first, Coinbase attributed the delays to issues with the wallet or the blockchain on which the service is based.
Community Response
Coinbase’s explanation was immediately dismissed by other leaders in the Solana ecosystem that include Helius Labs CEO Mert Mumtaz and Solana’s Head of Strategy Austin Federa. They stressed that such delays are caused by Coinbase’s indexing systems rather than Solana’s network.
Technical Resolution
Coinbase eventually admitted to the problem, and the transaction problems were fixed by around 5 am on November 28. Protocol Specialist Andrew Allen replayed that both the technical issue and the user interface were also resolved.
Broader Context
It also exposed the rivalry between Coinbase and the Solana community, which condemned the exchange for their communication with their Base network preference.
Industry Perspective
However, others in the community, such as Kyle Reidhead , the brain behind Milk Road, insisted that it was high time that the company’s overall benefits outweighed the risks it posed to the community.
Crypto Trust: Swift Consumer Allegiance
The resolution shows that consumers are capable of shifting their allegiance quickly if their trust is misplaced due to lack of clear communication and slow problem solving within the crypto business
