Anatoly Yakovenko, founder and CEO of Solana Labs, replied by calling his views the result of “total ignorance,” stating that voting as part of a “one huge quorum” helps give “great security, high throughput, and cheap cost”. Nevertheless, Yakovenko could not completely reject DBCryptoX’s allegation that 90-95% of Solana transactions contain validator messages and on-chain votes, which DBCryptoX says helps to “float the system.”
Moreover, DBCryptoX said that the Solana network outage lasted 20 hours because validators needed a significant amount of time to convene and gain consensus (or seek a resolution) via off-chain techniques (such as messaging systems such as Discord). According to Solana ecological wallet Phantom software engineer Alex Kroeger, the cause for the network outage might be several, and the validators of the proof-of-stake system require a considerable amount of network traffic to achieve verification.
According to the study, Solana mainnet performance concerns finally caused validator nodes to adopt a “voting-only” security mode at 5:46:16 UTC on February 25, 2023. Although consensus voting transactions may be completed normally, the network is unable to handle user transactions. Professionals troubleshooting the issue advised rebooting the network. While v1.14 was just pushed out, the validator community unanimously voted to downgrade to the previous stable version, v1.13.6, in order to reduce the danger of reboots. The initial restart attempt was halted to allow for more complete data analysis and to confirm that no user transactions were impacted. Upon additional investigation, the community collectively rebooted the network using an older slot than had previously been picked. Unconfirmed user transactions were reverted or impacted.
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
Chubbi
Coincu News
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…
Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…
Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…
This website uses cookies.