1 year ago
Solana Foundation‘s Product and Technology Leader, Matt Sorg, talked to CryptoSlate’s Akiba astir Solana and its aboriginal successful the crypto sphere.
Akiba started by asking what attracted Sorg to Solana. As a response, Sorg said that helium believed Solana to beryllium a batch much antithetic than different protocols successful presumption of technology, scalability, and aboriginal potential. He said:
“Solana is differentiated technology, determination is simply a batch of sound successful the abstraction astir however things l standard successful the aboriginal but Solana is acceptable contiguous and has a precise wide way successful scaling precise arbitrarily successful the aboriginal successful a precise user-friendly way.”
He besides explained wherefore Solana is 1 of the apical protocols Web3 gamers prefer. “Gamers person precise high-performance requirements for their apps,” Sorg added that Solana stands retired for them by having the champion times successful transaction confirmation.
Solana breakdowns
When Akiba asked wherefore Solana had been breaking down truthful much, Sorg explained wherefore by giving 2 reasons.
First of all, according to Sorg, Solana doesn’t chiefly person selling concerns successful mind. He stated:
“We are not marketers. We telephone definite things outages, portion different chains would telephone them congestion.”
He further explained that Solana inactive facilitated respective 100 transactions per 2nd successful its downtimes. Sorg said this is inactive overmuch much than what galore chains facilitate astatine their champion states. Still, specified a concern would beryllium identified arsenic congestion by the standards of different chains, “but by Solana standards,” Sorg said, “it is an outage.”
Secondly, Sorg mentioned that the outages effect from its decentralized infrastructure. Although, from clip to time, “different systems can’t hold connected what the adjacent artifact should be,” Sorg said, “they halt due to the fact that they can’t propagate blocks.”
The aboriginal of blockchain and Solana
When discussing the anticipation of a multi-chain future, Sorg spoke astir the value of consolidation and shared security. He said:
“We’re going to person antithetic technologies that’ll optimize successful a antithetic way. I deliberation determination will beryllium immoderate consolidation wherever antithetic chains and antithetic protocols volition instrumentality immoderate learning from different protocols,”
With that being said, Sorg besides acknowledged that the information weaknesses of bridges should beryllium addressed. He defined the contented arsenic a “hard problem.” It is each astir having antithetic networks and relying connected 1 concatenation to necktie them up, which tin beryllium solved by due “chain-level statement and agreement.”
Regarding Solana’s presumption successful this multi-chain future, Sorg said it volition beryllium “even much configurable implicit time.” He further added:
“Its hard to recognize however overmuch innovation is happening wrong solana erstwhile looking from outside. Today, the solana protocol is overmuch much unchangeable than January this year. Arbitrary scling volition beryllium seen implicit the 12-18 months, arsenic request increases, besides much configuration options are coming out.”
Solana and the FTX crash
Solana token (SOL) was 1 of the large ones affected by the FTX crash. A fewer days aft the speech started having troubles, SOL fell by 67.7%, going from arsenic overmuch arsenic $38.49 to arsenic debased arsenic $12.40. It is being traded for $13.70 astatine the clip of writing.
SOLUSDThe autumn resulted from Solana’s ties to the FTX. FTX’s task superior broadside had respective Solana-based projects, which led the investors to comprehend the protocol arsenic a portion of FTX.
However, Solana Foundation responded to the community’s congestion concerns by stating they person minimal vulnerability to FTX. In a blog station published connected Nov. 14, the instauration revealed that it held definite assets worthy astir $190 cardinal earlier the speech collapsed, but their worth fell beneath $35 cardinal aft the crash.
The station Mythbusting Solana – downtime, contention and exertion with Matt Sorg of Solana Foundation – SlateCast #38 appeared archetypal connected CryptoSlate.
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