• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

CEO Solana Labs stated it would not be as well lousy if the SOL network had troubles once again

190
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Solana Labs CEO Anatoly Yakovenko has just launched statements about Solana (SOL) hour-prolonged network congestion in the previous.

CEO Solana Labs said it wouldn't be too bad if the SOL network had problems again
CEO Solana Labs stated it would not be as well lousy if the SOL network had troubles once again

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. .

Related articles

Solana up 7% despite market decline: What's next for SOL?

Solana up seven% regardless of industry decline: What&#39s up coming for SOL?

March 16, 2024
Cardano vs Solana - which ecosystem is better

Cardano vs Solana – which ecosystem is greater?

March 9, 2024

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. “

Synthetic currency 68

Maybe you are interested:


Join the group chat Coinlive Chats Now let us examine the sizzling subjects of the DeFi marketplace with Coinlive admin workforce !!!


Maybe you are interested:

Tags: badCEOLabsNetworkproblemsSOLSolanawouldnt
Share76Tweet48

Related Posts

Ripple’s XRP Rally Gains Momentum Amid SEC Settlement

by shark
May 13, 2025
0

XRP continues uptrend reaching $2.629 post-SEC settlement, signaling investor confidence.

Ethereum Nears $2,500 After 42% Weekly Increase

by shark
May 13, 2025
0

Ethereum's price approached $2,500 following a 42% weekly increase, driven by heightened market activity and improved trading conditions.

Bitcoin Magazine CEO Merges With KindlyMD, Raises $710M

by shark
May 13, 2025
0

David Bailey, CEO of Bitcoin Magazine, has announced the merger with KindlyMD, to enhance the market position focusing on Bitcoin...

U.S. Treasury Rejects Decoupling Strategy with China

by shark
May 13, 2025
0

U.S. Treasury Secretary Bessent emphasizes reducing tariffs over decoupling from China.

Institutional Investors Drive $882M Crypto Inflows Globally

by shark
May 12, 2025
0

Institutional investments flood crypto sector with $882 million in inflows, highlighting Bitcoin's growing acceptance.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Ripple’s XRP Rally Gains Momentum Amid SEC Settlement
  • Ethereum Nears $2,500 After 42% Weekly Increase
  • Bitcoin Magazine CEO Merges With KindlyMD, Raises $710M
  • U.S. Treasury Rejects Decoupling Strategy with China
  • Institutional Investors Drive $882M Crypto Inflows Globally
  • FTX EU Users Gain Euro Withdrawal Access via Backpack
  • Apple Mulls iPhone Price Hike Amid Tariff Concerns
  • Top Meme Coins to Invest in 2025: Arctic Pablo, ApeCoin, and Floki Insights
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7