Solana Sees Meteoric Development Towards ADA, ETH Even As Founder Cites ‘Curse’ Following Community Outages – ZyCrypto

advertisement

&nbsp

&nbsp

  • Solana’s founder concedes that frequent network outages have been its bane over the last 12 months.
  • The network has suffered at least seven different outages triggered by various causes.
  • Despite the challenges, Solana’s growth has been meteoric compared to its rivals like Ethereum and Cardano.

Solana was the breakthrough blockchain network of 2021, with its native token soaring to all-time highs. Barely a year from the stellar run, Solana has been blighted by a series of outages that have threatened the survival of the entire ecosystem.

In an interview with Raoul Paul, Anatoly Yakovenko conceded that frequent network outages have hovered around Solana like a “curse”. He added that despite the unsavory technical glitches in the system, Solana’s security has never been compromised.

Yakovenko noted that the “curse’ stems from the nature of networks’ design. Solana was designed as an alternative to Ethereum, capable of processing thousands of transactions per second, but its technical advancements came with downsides.

“That’s been, I guess, our curse, but it’s because the network is so cheap and fast that there are enough users and applications that are driving that,” said Yakovenko. The positives of Solana have attracted hordes of users to the network, causing congestion which is one of the causes of the frequent outages.

“This is our biggest challenge, which is maybe the one that I like to have because of all these challenges that are coming because we have users on the chain on a daily basis,” he said.

advertisement

&nbsp

&nbsp

Comparing Bitcoin and Ethereum

Solana’s founder said that failure on his network differs from Bitcoin or Ethereum because of the blockchain’s unique “failure case”. Yakovenko cited the instance of Bitcoin’s block production being halted for 2 hours and was considered normal.

He argued that such a situation would be fatal for Solana because the network has been programmed to generate a block every 400 milliseconds. He confirmed that one of the leading causes of outages was the result of validators being unable to process transactions at peak times.

A series of unfortunate events

Since its launch, Solana has endured the torrid experience of seven network outages, with five outages occurring in 2022. The most extended outage lasted nearly 20 hours, prompting critics to question the network’s ability to function as an ETH Killer.

Denial-of-service attacks are also blamed as a contributing factor to the network’s outages. Bots are often the biggest culprits and were responsible for the 7-hour outage the network suffered following their unhealthy activity on a Non-Fungible Token platform native to Solana.


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Hingham Excessive women’ soccer stays undefeated after defeating Hanover – The Patriot Ledger Stellar

Hingham Excessive women’ soccer stays undefeated after defeating Hanover – The Patriot Ledger

HINGHAM - There are two sides to every coin.That's a good way to describe...

By Roger Gofman
Avalanche (AVAX) transfers at the moment are supported by Robinhood – U.Immediately Stellar

Avalanche (AVAX) transfers at the moment are supported by Robinhood – U.Immediately

Alex Dovbnya Brokerage app Robinhood added support for Avalanche (AVAX) after the cryptocurrency was...

By Roger Gofman
The Man in Transition – Sam Grafton’s Stellar Rise Continues – content material.pocketfives.com Stellar

The Man in Transition – Sam Grafton’s Stellar Rise Continues – content material.pocketfives.com

Last week, British player Sam Grafton won $5.5 million at the Coin Rivet Invitational...

By Roger Gofman
Bitcoin Worth Prediction 2022 – 2030 – Cryptonews Stellar

Bitcoin Worth Prediction 2022 – 2030 – Cryptonews

Disclaimer: The Industry Talk section features insights by crypto industry players and is not...

By Roger Gofman
Bitcoin: Compelling Causes Why the Future Stays Vivid – In search of Alpha Stellar

Bitcoin: Compelling Causes Why the Future Stays Vivid – In search of Alpha

olemedia From the moment the Federal Reserve realized that it had to deal with...

By Roger Gofman
Stellar Lumens: Bitwage Companions With UFC Fighter To Save Folks’s Future – Crypto Information Flash Stellar

Stellar Lumens: Bitwage Companions With UFC Fighter To Save Folks’s Future – Crypto Information Flash

Guido Cannetti will receive all of his wages in USDC stablecoin with the Vibrant...

By Roger Gofman
Is KuCoin Accessible within the US? – Privateness Information On-line Stellar

Is KuCoin Accessible within the US? – Privateness Information On-line

KuCoin is one of the most popular cryptocurrency exchanges in the world, and that’s...

By Roger Gofman
Stellar

Prime DeFi Funding Rounds in LatAm – 2022 – LatamList

Interest in crypto and DeFi has exploded in Latin America over the past year....

By Roger Gofman

Latest Posts

Dogecoin Worth Prediction: Anticipate a Low cost on Wall Avenue – FXStreet Dogecoin

Dogecoin Worth Prediction: Anticipate a Low cost on Wall Avenue – FXStreet

Dogecoin price is floating at the bottom of a range. The strongest bullish candles...

By Roger Gofman
Software program and Bounded Rationality Ethereum

Software program and Bounded Rationality

One of the key properties that is usually sought for in a cryptoeconomic algorithm,...

By Roger Gofman
Bitcoin Crashes On Inflation Information! [More Pain Coming?] Videos

Bitcoin Crashes On Inflation Information! [More Pain Coming?]

Bitcoin crashes on inflation news, will crypto fall more? [Crypto News] BYBIT 0% Maker...

By Roger Gofman
Large Eyes Coin Surpasses $3 Million in Stage 2 Presale!  Will the meme coin be within the high 10 alongside BNB and Cardano?  – Euro Weekly Information Cardano

Large Eyes Coin Surpasses $3 Million in Stage 2 Presale! Will the meme coin be within the high 10 alongside BNB and Cardano? – Euro Weekly Information

Big Eyes is the new meme coin on the scene, and judging by the...

By Roger Gofman
CryptoCompare and Blockdaemon Launch 5 Staking Yield Indices – FinanceFeeds Polkadot

CryptoCompare and Blockdaemon Launch 5 Staking Yield Indices – FinanceFeeds

“The CryptoCompare Blockdaemon Staking Yield Indices have created a new standard for digital asset...

By Roger Gofman
Hingham Excessive women’ soccer stays undefeated after defeating Hanover – The Patriot Ledger Stellar

Hingham Excessive women’ soccer stays undefeated after defeating Hanover – The Patriot Ledger

HINGHAM - There are two sides to every coin.That's a good way to describe...

By Roger Gofman
How Binance Sensible Chain (BNB) Generates Income – Bitcoin Market Journal Binance

How Binance Sensible Chain (BNB) Generates Income – Bitcoin Market Journal

As the internal blockchain of Binance, the world's largest cryptocurrency exchange, BNB Chain is...

By Roger Gofman
Moshnake is conquering the gaming trade, following the sandbox and Dogecoin |  Bitcoinist.com – Bitcoinist Dogecoin

Moshnake is conquering the gaming trade, following the sandbox and Dogecoin | Bitcoinist.com – Bitcoinist

The gambling industry is an exciting subset of cryptocurrency. With NFTs and Metaverse, this...

By Roger Gofman