Since 2020, the hybrid blockchain has had 5 major outages. Three of them have happened this year, coming from the overwhelmed Solana’s network bugs or bots’ artificial traffic.
“This has been the biggest challenge for us, and the number one priority,” Yakovenko told
Due to its own separate software development team, Jump Crypto‘s Solana consensus node implementation Firedancer will be the long-term solution for network outages. Jump Crypto believes in its partnership with Solana Foundation will be the key to pushing Solana’s scalability in the next two years. That being said, the leading blockchain platform can execute more transitions effectively.
“Because it’s a separate team, the probability of them having the same bugs in their code as ours becomes virtually zero,” Yakovenko said.
Yakovenko also said that most of the outage issues are human errors – or he said “an incorrectly configured validator”, so they can be fixed by humans. However, these problems just confuse the Solana network and make transactions slower. “But at no point do failures like these put any users’ funds or program state at risk because Solana has 2,000 different validators,” Yakovenko said.
With 3,400 different replicas, the Solana network has multiple backups when any failure occurs. Solana Co-founder also emphasized that the outages occur not only with its system but for other chains.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Ken
CoinCu News
In an announcement from LayerZero Labs CEO Bryan Pellegrino on the X platform, a temporary…
BitMEX founder Arthur Hayes deposited 3,000 ETH—equivalent to approximately $10.67 m—into the LRT protocol EtherFi…
Ethereum Foundation has gained wide appeal in the crypto community.
Biden Administration Bitcoin roundtable aims to bring together top policymakers, House, and Senate, alongside prominent…
FTX debtors, creditor groups, and an offshore entity are all claiming FTX bankruptcy assets.
LayerZero token airdrop rules were announced by rewarding early participants and distributing 23.8% of tokens…
This website uses cookies.