Co-founder of Solana talks about blockchain disruption and reliability issues

Co-founder of Solana talks about blockchain disruption and reliability issues

Solana is one of the popular blockchains. It turned out to offer similar operations to Ethereum, while improving some of the bugs. The notable feature of SOL is its fast processing capacity, as the network claims to process over 65,000 transactions per second. It also offers high scalability, among other features.

Throughout this year, Solana showed several reliability problems and outages. The network has had up to 10 partial or complete outages in 2022 and some slow blocking times.

Anatoly Yakovenko, the co-founder of Solana, has responded to the reliability issues of the blockchain. The co-founder spoke at the annual Breakpoint 2022 conference in Lisbon, Portugal.

Yakovenko highlighted Solana’s past and future regarding the blockchain’s recent difficulties. He noted that the problems in the past year have been on the reliability of the blockchain.

Co-founder of Solana talks about blockchain disruption and reliability issues

Solana suffered several partial and complete shutdowns

According to the blockchain status report, SOL has suffered about ten partial or complete outages. The prominent issue occurred between January 6 and 12, 2022, when it witnessed partial outages and poor performance lasting 8–18 hours. The recent problem on the network, called a “major outage”, was on October 1 and lasted for 6 hours.

The reliability report also indicated that the blockchain suffered from a clock drift between late May and early June. This manifested itself through the network having longer than average times (or blocking times).

The block time is the interval it takes a validator to send a block to the SOL chain. Therefore, Solana’s time differed from real time during clock operation.

See also  Web3 won't go mainstream until there's seamless blockchain integration: With more and more bridging attacks, what does this mean?

Generally, the ideal playing time for Solana is 400 milliseconds. But according to Yakovenko, the situation for the blockchain went drastically wrong in June. The blocking time deviated to more than a second, which created a sluggish pace for SOL. The co-founder mentioned that in some cases, the confirmation time of the blockchain even increased by 15 to 20 seconds.

Yakovenko noted that the problems with clock operation reduce the standard of Solana’s experience. Additionally, he stated that the time difference is even worse for a Web2 experience when it comes to their competition with giant firms like Google, Facebook and others.

Solutions to Solana performance issues

The co-founder of Solana mentioned how the network was moving towards solving performance issues. He cited the recent update and the doubling of validator numbers in the past year as playing some role.

Co-founder of Solana talks about blockchain disruption and reliability issues
Solana price tanks by 2% on the l SOLUSDT chart at Tradingview.com

Yakovenko reported that they are always trying to control performance, security, decentralization, throughput and other issues. He mentioned that when one part of a problem is dealt with, it can trigger others. However, he said they have tried to find a balance in improving most of the challenges on the blockchain.

In addition, the co-founder stated that there are still challenges with errors and power cuts. But he believes that the solution to power outages would come through the blockchain collaboration with Jump Crypto. The Web3 development company is intended to facilitate the construction of Solana’s scaling solution branded Firedancer.

Featured Image From Pixabay, Charts From Tradingview

You may also like...

Leave a Reply

Your email address will not be published. Required fields are marked *