Anatoly Yakovenko, the chief executive officer of Solana Labs, examined what the Solana network is capable of if it can overcome its obstacles.
Anatoly Yakovenko, the CEO of Solana Labs, said that Solana has encountered and surmounted a number of obstacles over the last year as it continues to work towards delivering a fast, scalable blockchain.
New innovations should prevent this in the future, according to Yakovenko, who described the blockchain’s struggles to sustain uptime, especially in June. Then, he outlined the blockchain’s four most pressing issues going forward; if they can be resolved, the blockchain will reach its ultimate objective.
“We aim to synchronize the globe at the speed of light,” Yakovenko remarked on stage at Breakpoint, Lisbon, in an interview with Solana Foundation communications director Austin Federa.
In June, the average time between blocks decreased to one second, he added. Although this is quicker than blockchains such as Bitcoin and Ethereum, it is slower than Solana’s regular speed. This was the result of intermittent network outages caused by spam on the network.
Having a second client version of the Solana blockchain with a distinct code base, according to Yakovenko, could help avoid network troubles.
The chief executive officer of Solana Labs emphasized the problem of network fees. Solana’s cheap transaction costs might result in an abundance of spam. He said that a few technologies, such as QUIC, which prevents bots from delivering more than 100 terabytes of spam to the network, have assisted in avoiding these concerns.
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