Network Outages Have Been Solana’s ‘Curse’, Says Co-Founder | Cryptocurrency

The high-speed smart contract platform has experienced full or partial outages at least seven times in the past twelve months.

Network outages continue to be the Solana network’s biggest challenge, according to its co-founder Anatoly Yakovenko.

Launched in 2020, the Solana network has suffered a number of network outages, which are due to a number of different congestion and spam events, according to Yakovenko.

In a Sept. 2 interview with Real Vision co-founder Raoul Pal, Yakovenko said the network outages had been Solana’s “curse,” but said the outages were due to the network’s low-cost transactions. .

It’s been, I guess, our curse, but it’s because the network is so cheap and fast that there are enough users and applications driving it.

However, although the outages “prevented users” from using the network, Solana’s CEO said the network itself was not compromised. He also argued that each blockchain is built differently and has its own “case of failure”.

For example, Yakovenko noted that when Bitcoin network block production stopped for two hours in the past, it was still considered normal.

” [Bitcoin] is designed to be extremely durable […] when a bunch of Chinese hash power came to a halt, there were times when there were two hours between bitcoin blocks. And that’s fine,” he explained, adding that the same halt in production would be considered a failure for Solana.

If there are two hours between blocks in Solana, the network is dead because it is designed to create a block every 400 milliseconds.

Solana was designed to be a low-cost, high-transaction-speed smart contract platform that processes “30 million transactions per day,” making it “more than all other chains combined,” it said. Yakovenko.

Once you build a faster network, the failure case is different than on something like Bitcoin or Ethereum.

However, Yakovenko argued that outages themselves are not entirely a bad thing “because everything [of] these challenges happen because we have users.

“That’s our biggest challenge, which is maybe the one I like to have because of all these challenges that come in because we have users on the channel on a daily basis,” he added.

Solana has suffered at least seven network outages since its launch in 2020, including five in 2022 alone. One of the longest production shutdowns lasted until 5 p.m. in September 2021.

Yakovenko said the network outages resulted from validators not being able to process transaction loads at peak times:

I think some people have seen 10 million packets per second submitted to a validator. What if there is a bug in one of these validators where the memory really increases […] quickly, this validator might stop.

Among the most notable are a denial of service attack caused by bots spamming the Raydium protocol in September 2021, another seven-hour outage caused by bots on a non-fungible token (NFT) application in May. 2022 and a code bug interrupting the production of blocks on the network in June 2022.

The Solana token, SOL, is currently priced at $32, up 3.83% in the last 24 hours.

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Network Outages Have Been Solana’s ‘Curse’, Says Co-Founder | Cryptocurrency


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