Network outages have been Solana’s ‘curse,’ says co-founder

Network outages have been Solana’s ‘curse,’ says co-founder

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The high-speed sensible contract platform has suffered full or partial outages a minimum of seven separate instances during the last twelve months.
Community outages proceed to be the Solana community’s greatest problem, in keeping with its co-founder Anatoly Yakovenko.
Launched in 2020, the Solana community has suffered quite a lot of community outages, which have come from quite a lot of completely different congestion and spam occasions, in keeping with Yakovenko.
In a Friday interview with Actual Imaginative and prescient co-founder Raoul Pal, Yakovenko said the community outages had been Solana’s “curse,” however stated the outages have resulted due to the community’s low-cost transactions. 
Nevertheless, whereas the outages have “prevented customers” from utilizing the community, the Solana CEO stated the community itself hasn’t been compromised. He additionally argued that every blockchain is constructed otherwise and has its personal “failure case.”
For instance, Yakovenko famous that when the Bitcoin community block manufacturing halted for 2 hours previously, it was nonetheless thought-about regular.
“[Bitcoin] is designed to be extraordinarily resilient […] when a bunch of Chinese language hash energy shut down, there have been instances the place there are two hours between blocks in Bitcoin. And that’s completely nice,” he defined, including that the identical manufacturing halt could be seen as a failure for Solana:
Solana was constructed to be a excessive transaction velocity, low-cost sensible contract platform, which processes “30 million transactions per day,” making it “greater than all different chains mixed,” stated Yakovenko:
Nevertheless, Yakovenko argued that the outages themselves aren’t completely a nasty factor “as a result of all [of] these challenges are coming as a result of we’ve customers.”
“That is our greatest problem, which is perhaps the one which I wish to have due to all these challenges which are coming as a result of we’ve customers on the chain every day,” he added. 
Associated: Reliably unreliable: Solana price dives after latest network outage
Solana has suffered a minimum of seven community outages since its launch in 2020, with 5 of them coming in 2022 alone. One of many longest manufacturing halts lasted as much as 17 hours in September 2021.
Yakovenko stated the community outages resulted from the validators not having the ability to course of transaction masses at peak intervals:
Among the many most notable outages had been brought on by a denial-of-service attack brought on by bots spamming the Raydium protocol in Sept. 2021, a seven-hour outage caused by bots on a nonfungible token (NFT) software in Could 2022, and a code bug halting block production on the community in June this yr.
The Solana token, SOL, is presently priced at $32, up 3.83% during the last 24 hours.

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