Anatoly Yakovenko addresses the issues that the Solana blockchain network faced in the crypto space in the last 12 months of time frame.
Solana is a popular Proof-of-stake consensus model-based blockchain network, which can process transactions at scalability up to 65k TPS. In the last one year of time frame, the Solana network went through network outages by around 10 times. Last time Solana Network outage lasted for approximately 6.5 hours.
Just a couple of days ago, During the Breakpoint 2022 conference, Solana co-founder Anatoly Yakovenko said that the Solana blockchain network faced huge difficulties because of the multiple network outages in the last year.
“We’ve had a lot of challenges over the last year, I would say this whole last year has been all about reliability,” Solana co-founder said”
The ideal slot time in the Solana network is approximately 400 milliseconds but many times it reached more than 1 second to 13 seconds, during outages & technical issues. On this matter, Solana co-founder said that it is a very disappointing thing because we are in the race to fight Google & Facebook like big companies.
“That’s not the experience that we want to deliver and that’s a pretty bad Web2 experience when you’re competing with Google with Facebook with all these other applications.”
Further Anatoly said that Solana devs did much better work to make the Solana network better in terms of every factor like efficiency, scalability, throughout input & decentralization of the network.
He also believes that a recent upgrade in the Solana blockchain network may play a very important role, where Network will work without any outage or bug issues. And also he talked about the new code for the Solana blockchain, which may eliminate all possible bugs in the network.
Sol is the native token of the Solana blockchain Network and the current price of Sol coin is $27.53 which is 88.9% down over the last year of trade price.