Anatoly Yakovenko talked about the main problem that Solana blockchain is facing and also said that Solana still processes more than a combined total crypto transactions in the whole crypto space.
Solana blockchain is a popular Proof-of-stake consensus model-based blockchain network and also due to the unique Proof-of-history protocol, the network can facilitate 50k transactions per second, which is 7,100 times more scalable than the Bitcoin blockchain network. High traffic in the Solana blockchain network caused technical downtime in the network many times and that degraded interest of investors badly in this project.
Recently Anatoly Yakovenko, founder of Solana blockchain, appeared in an interview with Real Visionโs Raoul Pal. Through the interview, Anatoly said that the Solana blockchain is fully aimed to provide high scale & high rate transactions for the users but this is the main reason to face technical challenges, especially when big traffic started to enter in Solana blockchain ecosystem.
โThis is our biggest challenge, which is maybe one that I like to have because all these challenges are coming because we have users.”
-----Cryptonews AD----->>>
Sign up for a Bybit account and claim exclusive rewards from the Bybit referral program! Plus, claim up to 6,045 USDT bonus at . https://www.bybit.com/invite?ref=PAR8BE
<<<-----Cryptonews AD-----
Anatoly said that the Solana blockchain already processes around 30 million transactions per day, while 64 million transactions was a peak number recorded in a single day, which is a very big number even if we compare it against the total combined number of transactions from all other networks.
Further Solana founder said that the total transactions processed by Solana blockchain are 10 times more than Binance’s BSC network and 3 times more over Ethereum blockchain.
Anatoly talked about this big number of transactions and traffic in the ecosystem of the Solana blockchain, which was more than what the team expected and gave rise to technical issues, which was never expected by the team Itself.
Further Solana founder explained the technological differences behind Solana blockchain vs the Bitcoin blockchain. He explained that the blocks of Bitcoin can handle high traffic but they process the transactions with delay and this case is not the same in Solana blockchain because it works to provide high-speed transactions, instead of introducing delay time.
Read also: Microstrategy developing a new Bitcoin lightning supported wallet
Solana founder says huge users cause huge technical challenges
https://bitcoinik.com/solana-founder-says-huge-users-cause-huge-technical-challenges/feed/
https://bitcoinik.com/solana-founder-says-huge-users-cause-huge-technical-challenges/feed/
๐๐Get ready for the biggest ICO of 2022.
โ
ICO Round 1 & 2 are Sold Out
โ
ICO= Initial Coin Offering. Where you can purchase tokens at base price.
โ
ICO has different rounds with different price.
โ
Round-1 price: $0.0005 (Sold Out)
โ
Round-2 price: $0.001 (Sold Out)
โ
Round-3 price: $0.002
โ
Round-4 price: $0.004
โ
Round-5 price: $0.008
๐ICO will be finished on September 15, 2022.
๐Trading will start after ICO completion.
๐๐EXCHANGE LISTING PRICE: $0.02 per KST. That is 40x than ICO Round-1 (Seed round)๐๐
๐ฉ๐ปโ๐ปFor more details pls read pdf in marketing tools section in dashboard.
#koinswap #kst #nft #metaverse #blockchain
๐๐๐๐๐๐๐๐ผ๐๐๐๐ ๐๐๐๐๐๐ฝ
https://koinswap.io/register?referralcode=CFxqfP
โฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌโฌ
THIS IS A LIFE CHANGING OPPORTUNITY
*REGISTER N VERIFY UR MAIL N GET 1000 COIN FOR FREE*
TODAY KOINSWAP IS GIVING US 1000 COIN FREE BUT NO ONE CARE TO TAKE IT
๐๐๐๐๐๐
https://koinswap.io/register?referralcode=CFxqfP
JOIN THE GROUP FOR MORE UPDATES
https://chat.whatsapp.com/BGUVkqhI6mg1p9XdJXzBwl
In 2009 you missed# BITCOIN
2014 you missed# DOGE
2015 you missed# XRP
2016 you missed# ETH
2017 you missed# ADA
2018 you missed# BNB
2019 you missed# LINK
2020 you missed# DOT
2021 you missed# SHIBA
https://koinswap.io/register?referralcode=CFxqfP
—————————————————————————————————————————————-
Risk Reminder:
Trading foreign exchange and/or contracts for differences on margin carries a high level of risk and may not be suitable for all investors.
The possibility exists that you could sustain a loss in excess of your deposited funds.
Before deciding to trade the products reviewed by Cryptonews24.eu, you should carefully consider your objectives, financial situation, needs and level of experience.
You should be aware of all the risks associated with trading on margin.
Cryptonews24.eu provides general news and advice that does not consider your objectives, financial situation or needs.
The content of this website must not be construed as personal advice.
Cryptonews24.eu recommends you seek advice from a separate financial advisor.
Nothing on this website should be considered financial advice.
This website is for informational purposes only and you should not rely on anything that is printed or said on this website to make any financial decisions.
