Andre Cronje explains that Solana’s network issues weren’t caused by a system failure, but rather from the swift growth of the network.
Solana’s Network Troubles
Andrei Cronje, a co-creator of the Fantom blockchain, has come to the support of Solana in response to its recent issue with failed transactions. According to data from Dune Analytics, the surge in activity on the Solana blockchain due to the memecoin craze resulted in around 75% of non-voting transactions failing on April 4th.
Displeased users have taken to social media to express their frustration over the subpar user experience following this recent failure. Notably, Cronje, a well-known figure in the Decentralized Finance (DeFi) community, has explained the congestion problems as a result of Solana’s swift ecosystem expansion rather than a fundamental flaw in its consensus mechanism.
Fantom Co-Founder Offers Insight
In a recent article on X, Cronje explained how the growing demand for block space on the Solana platform is causing congestion issues, rather than being a result of problems with its consensus mechanism.
Cronje tweeted,
“Solana is facing many ‘I told you so’ comments due to its high demand for block space, causing the need for optimization of certain bottlenecks. This issue, however, is merely an engineering challenge and not a flaw in their consensus or any essential component. Essentially, they’re suffering from success.”
Community Response and Misconceptions
From Cronje’s viewpoint, there was widespread agreement within the community that frequent use can result in short-term problems with the user experience when it comes to blockchain technology. Even though blockchain has impressive scalability and potential, people’s reactions to these types of issues are generally unfavorable.
Anatoly Yakovenko, CEO of Solana, acknowledged concerns over transaction failures and subpar user experiences. He explained that dealing with congestion issues is more intricate than fixing total liveness problems because it necessitates thorough testing and updates which can hinder swift deployment solutions.
Technical Outages In the Past
Since January 2022, Solana’s network has encountered several disruptions. Approximately six of these incidents resulted in major network interruptions, leading to valid worries regarding its reliability. The remaining fifteen instances were partial or minor outages.
In late February, the network suffered a major disruption causing production of new blocks on the mainnet to decelerate noticeably, and halting the advancement of the blockchain for approximately five hours.
Insights into Solana’s Outages
An Za, a company specializing in software development for Solana, published a postmortem analysis explaining the cause of the recent downtime. According to the report, there was a defect in Solana’s JIT compilation cache, leading to the need for upgrading the old loading system with a more advanced version.
Due to the recent network outage, the value of Solana’s SOL token has dipped about 3% over the past week. This comes after a strong surge in March. However, even with this small decrease, Solana still ranks among the top cryptocurrencies in terms of market capitalization and is currently holding the fifth spot.
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2024-04-09 17:01