Solana CEO Proclaims Indifferences in Crypto Market
  • Solana had undergone a total of seven outrages since its launch.
  • The validators have even encountered 10 million packets per second submission.

Solana CEO and co-founder, Anatoly Yakovenko, expresses the worry of network outages being the major challenge in the Solana network. In an interaction with RealVision’s Raoul Pal on Sept 2nd, Anatoly exhibited this worry.

Solana had undergone a total of seven outrages since its launch, and the longest one was for 42 hours long. All the malfunctions were because of the spam events and the validator’s inefficiency to handle transactions during the network’s optimum period.

Anatoly Yakovenko states:

“This is our biggest challenge, which is maybe the one that I like to have because of all these challenges that are coming because we have users on the chain on a daily basis”

Biased Comparison with Solana Blockchain  

Anatoly’s statements in the interview bring out his thoughts on the unfair comparison existing in the crypto market. The same drawbacks are portrayed and conceived differently in the two different blockchains. Two hours of halting in BTC is acceptable by users but the same scenario in SOL is not.

Anatoly also states:

“Once you make a faster network, the failure case is different than one on something like Bitcoin or Ethereum.” 

SOL network on a peak day experiences 65 million transactions which are only one-tenth of the Bitcoin smartchain and one-thirtieth of the Ethereum network. The validators have even encountered 10 million packets per second submission incidents.

SOL CEO also thinks that this challenge makes them stay in the game, the congestion and outbreaks are because of the huge amount of user traffic on the network. He also represents a rough comparison between the number of transactions per day among Solana, Bitcoin, and Ethereum. 

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