CEO of Solana ensures that transactions and funds will be safe even if the network registers a fall again – DiarioBitcoin

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CEO of Solana ensures that transactions and funds will be safe even if the network registers a fall again - DiarioBitcoin By Angel Di Matteo @shadowargel

For the CEO of Solarium, the fall in the network represented a latency time between the processing of one block and another, but all transactions will still be processed in due course.


Anatoly Yakovenko, CEO of Solana Labs and main developer of the project Blockchain of the same name, indicated that at this time “It doesn’t matter that much anymore” If the network registers a fall like the one that occurred in September, since this would not compromise the information, transactions or data hosted there.

Solana will continue to operate despite a new blackout

This was indicated by Yakovenko during an interview carried out within the framework of the event Solana Breakpoint. There, the CEO of the project presented some reflections on the current state of the ecosystem and on what Solana can offer, addressing precisely the repercussions that the fall seen in Solana’s network had a couple of months ago when it stopped registering activity for space of 17 hours.

Given the possibility of a new network crash, Yakovenko anticipated that they cannot guarantee that something like this will not happen again, but he dismissed that a new drop will have bad repercussions since the information will be secured, and that block that was about to be processed before the failure at the end will be processed, take the time it takes for the network to resume activities.

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For the manager, as long as there is at least one copy of the network Blockchain, funds will remain safe and transactions will eventually be processed, regardless of how long there has been inactivity:

“How much does it really matter that there is a block that took 72 hours to process.”

Congestion in the network Solarium

Reviewing the blockage experienced by the network Solarium, the cessation of activities came into place at a time when there was a large volume of operations.

In that sense, Yakovenko clarified that Solana did not suffer a disconnection at that time, but that the latency period between the processing of one block and another was notably extended, with which it seems that the latter took about 17 hours to process when reviewing the transaction history.

In this regard, the CEO stressed that although this may generate operational discomfort and in all right, what happened to the network of Solarium it also usually happens with other public networks such as Bitcoin or Ethereum, which offer certain guarantees but their transaction processing times leave much to be desired, precisely because of the impossibility of scaling effectively at present, also having an increase in the costs of operations.

The problem would be in the speed

Dismissing that security, funds and records would be compromised, Yakovenko noted that an eventual interruption of operations in Solarium it would be a problem for those who need their transactions to be processed at the moment, which takes about 400 milliseconds in the network developed by their team.

“[Un apagón] it is important for people who care about 400 millisecond message delivery… So in terms of security for funds, it doesn’t matter…. In terms of real-world applications, the network delivers. “

But being realistic, Yakovenko did not rule out that something like this could not happen again, but promised that they will continue working to improve the operability of Solarium looking to the future.

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Source: TheBlockCrypto

Version by Angel Di Matteo / DailyBitcoin

Picture of Unsplash

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