Solana Labs CEO Anatoly Yakovenko has just launched statements about Solana (SOL) hour-prolonged network congestion in the previous.
In mid-September, the Solana network went offline following becoming overloaded with hundreds of 1000’s of transactions per 2nd, the total $ eleven billion TVL blockchain froze for up to sixteen hrs, generating exceptionally disconcerting sentiment for customers. .
In an interview with the Solana Breakpoint in Lisbon, when asked if the network could repeat a related problem, Anatoly Yakovenko gave a rather surprising solution:
“I don’t know. However, that doesn’t really matter.”
CEO Solana Labs’ argument is primarily based on the premise that as prolonged as there is at least one particular copy of the ledger, the money are safe and sound and the ultimate transaction will nonetheless be processed. If a consumer does not care how prolonged it will take to execute a trade, there is no will need to be concerned about the 72 hour trading volume.
Yakovenko in contrast Solana’s “freeze” time period to a exclusive waiting time in between blocks. He claimed that Solana did not essentially go offline, just that there was not a single confirmed block for the duration of that time. So technically the crash seems like a 17 hour freeze if we appear at the background.
He admits that prolonged interruptions are irritating for these who will need their transactions to be processed at large velocity. We have also recorded lots of disturbing occasions in the background of the transaction settlement network stories at any provided time. Contrary to Solana’s delay, the FTX exchange also “lost control” of 45,000 BTC, transferring $ two billion each and every ten minutes.
However, Yakovenko can’t say that Solana will hardly ever encounter this kind of a problem once again since it is complicated to give ensures in all instances.
“Yes, Solana faced the worst situation situation. But to say it hardly ever takes place once again, I do not even know if it is probable to wholly fix it with SOL or any other blockchain. “
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