- The Solana blockchain went offline for 20 hours last weekend.
- Marinade Finance’s Brandon Tucker said the upcoming update will significantly reduce futures trading outages.
- However, technical and human error remains a concern for cryptocurrencies, and users should incorporate this outlook into any risk profile.
Solana Foundation I got it The February 27, 2023 update states that the root cause of the 20-hour network outage that occurred on February 25 is still unclear.
However, Anatoly Yakovenko, co-founder and CEO of Solana Labs, spoke about what wasn’t the cause of the latest outage. Solana Labs Executive dismissed They claim that the downtime was caused by the network clogging up as a result of a very large number of on-chain votes and validator messages.
Why Vote Trading? Every thread I’ve seen talking about this comes from pure ignorance.
Traditional BFT consensus requires secondary messaging overhead.
The more nodes in the part of the network that agree on the same quorum, state, the more messages… https://t.co/8lOhICb8mn
— toly 🇺🇸 (@aeyakovenko) February 27, 2023
Solana update significantly reduces future outages
After being offline for 20 hours, the Solana blockchain successfully restarted after 2 attempts.
While many of Solana’s outages remain a stain on the blockchain, Brandon Tucker, growth lead for Marinade Finance, a Liquid Staking protocol, said an upgrade to the system would greatly improve the SOL blockchain and prevent future network freezes. said to be “significantly reduced”.
Tucker shared his views in a comment sent to coin journal,Note:
“Chain reopening is never welcome, but it’s not a big setback. Indeed, despite the uproar, this is similar to his five other outages seen in the last 12-18 months. Ultimately, it’s nice to see the validator community spontaneously rallying to start updating and restarting the chain in real time.“
Tucker said Solana’s commitment to throughput and decentralization is something no other chain has attempted, and getting it right isn’t always easy. In his view, achieving these goals is especially difficult if the network is “used by more people than any other chain.”
Marinade developers acknowledged that technical and human errors are likely to occur. Especially after recent events regarding both Solana and the broader crypto ecosystem. Tucker believes this is what investors should have.Built into every risk profile“
As for what happens next, he thinks the Solana team will be more enthusiastic as they handle network updates.
“The exact cause of the slow performance is unknown at this time, but the latest 1.14 update seems to be the problem. As a result, Solana must and may do more due diligence during testing before rolling out these updates.“
Solana is also preparing a new consensus implementation, which is expected to remove a single point of failure. That upgrade is due to Jump’s Firedancer validator client. In addition to making the network more resilient, it also greatly reduces the likelihood of future outages, according to Tucker.
