Anatoly Yakovenko, CEO of Solana Labs, addresses some of the technical issues that Solana (SOL) experienced in the last year.
new interview Yakovenko, along with Real Vision’s Raoul Pal, said Solana’s goal of processing transactions at ultra-high rates presented various challenges, especially when Ethereum (ETH) rivals began attracting waves of new users. increase.
“This is our biggest challenge, and all these challenges arise because we have users, so maybe that’s what I want to do. If you look at the normal transactions from your applications, just from people using the network, if you look at them, you’re seeing about 30 million transactions per day, the peak day was 65 million, and that’s where all the other of chains combined.
Binance Smartchain is ten times less. I think Ethereum is 1 in 30. And because of this load, we’ve seen things we didn’t expect, and we’ve been a little short-sighted about the kinds of attacks people throw at networks.
I’m sure some of you have seen 10 million packets per second sent to validators. And if any of those validators had a bug and memory grew very quickly or didn’t perform well for that load, that validator would shut down, break, or for whatever reason You may run out of memory. If a third of them did that, the network would basically go down until manual intervention brought it back. It happened several times. ”
Crypto entrepreneurs say different blockchains with different technical architectures and use cases fail in different ways. I say I can’t afford it.
“[Bitcoin] Designed to be very resilient, there are some things that are normal with Bitcoin. For example, he sometimes had two hours between Bitcoin blocks when a bunch of Chinese hash power shut down. And that’s perfectly fine. If you have 2 hours between blocks in Solana, the network won’t work because it’s designed to create a block every 400 ms…
Building faster networks, the failure cases are different from things like Bitcoin and Ethereum. ”
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