If the Solana network went down, would I still be able to withdraw USDC?
If the Solana network went down, would I still be able to withdraw USDC?
Basically the title. If the Solana network were halted or went down for a few days could I still withdraw sol- USDC? I’m assuming no but I just wanted to ask.
Dilshan Tharindu Perera Answered question
I like the attitude to ask about things that normally shouldn’t happen on a real decentralized system
Randula JLK Answered question
If it stops forever it’s lost forever. I would not be adding that kind of unnecessary risk to a stablecoin. It defeats the purpose just like UST.
Trevor Moraes Answered question
If the network is halted forever your usdc will be stuck forever. However, this is practically impossible. When the network is halted validators quickly begin to initialize network restart due to financial incentive.
Sashitha ilepperuma Answered question