[SOL] co-founder Anatoly Yakovenko believes that although community outages have been the most important problem earlier than the community, a “long-term repair” could possibly be on the best way. Yakovenko commented on the problem of frequent outages throughout a current Decrypt podcast.
Yakovenko believes Firedancer will show to be the answer to the problem. Firedancer is a brand new validator consumer that’s being constructed by the Web3 agency Leap Crypto and the Solana Basis. Since Firedancer has a separate workforce, the chance of them having the identical bugs of their code as Solana’s turns into nearly zero.
Moreover, the SOL co-founder added that almost all current community outages could possibly be attributed to human error, that of validators in recognizing the right fork. Nevertheless, these failures don’t put any customers’ funds in danger because the community is dwelling to 2,000 totally different validators and roughly 3,400 totally different replicas.
A matter of concern
Solana was one of many first cryptocurrencies to make use of the ground-breaking proof-of-history (PoH) consensus course of. Nevertheless, since its launch, the community has suffered 15 community outages, of which six turned out to be main. The explanation for these outages could possibly be bugs in Solana’s code or the community turning into overwhelmed by synthetic visitors from bots.
A silver lining: Solana NFTs
Regardless of the rising concern across the frequent outages, Solana nonetheless managed to be the ninth largest cryptocurrency out there. The altcoin additionally had a market capitalization of greater than $11 billion as of 8 October.
Moreover, a current information report acknowledged that gross sales of Solana NFTs almost doubled in September on account of some well-known initiatives. Moreover, as per DappRader, Solana NFT gross sales had been roughly $133 million in September, greater than double the $68.5 million determine from August.
Thus, with Firedancer on its approach, and SOL NFTs attempting to keep up the equilibrium, it’s anticipated that SOL could have an thrilling future. Firedancer could assist scale the community, thus permitting it to deal with a lot of transactions in a extra environment friendly method.
