This Solana “Long-term Fix” may be the answer to all of SOL’s problems 

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Solana [SOL] co-founder Ana­toly Yakovenko believes that though net­work out­ages have been the biggest chal­lenge before the net­work, a “long-term fix” could be on the way. Yakovenko com­ment­ed on the issue of fre­quent out­ages dur­ing a recent Decrypt pod­cast.

Yakovenko believes Firedancer will prove to be the solu­tion to the issue. Firedancer is a new val­ida­tor client that is being built by the Web3 firm Jump Cryp­to and the Solana Foun­da­tion. Since Firedancer has a sep­a­rate team, the prob­a­bil­i­ty of them hav­ing the same bugs in their code as Solana’s becomes vir­tu­al­ly zero.

Fur­ther­more, the SOL co-founder added that most recent net­work out­ages could be attrib­uted to human error, that of val­ida­tors in rec­og­niz­ing the cor­rect fork. How­ev­er, these fail­ures do not put any users’ funds at risk as the net­work is home to 2,000 dif­fer­ent val­ida­tors and approx­i­mate­ly 3,400 dif­fer­ent replicas.

A matter of concern

Solana was one of the first cryp­tocur­ren­cies to use the ground-break­ing proof-of-his­to­ry (PoH) con­sen­sus process. How­ev­er, since its launch, the net­work has suf­fered 15 net­work out­ages, of which six turned out to be major. The rea­son for these out­ages could be bugs in Solana’s code or the net­work becom­ing over­whelmed by arti­fi­cial traf­fic from bots.

A silver lining: Solana NFTs

Despite the grow­ing con­cern around the fre­quent out­ages, Solana still man­aged to be the ninth largest cryp­tocur­ren­cy in the mar­ket. The alt­coin also had a mar­ket cap­i­tal­iza­tion of more than $11 bil­lion as of 8 October.

Fur­ther­more, a recent news report stat­ed that sales of Solana NFTs near­ly dou­bled in Sep­tem­ber as a result of some well-known projects. Fur­ther­more, as per Dap­pRad­er, Solana NFT sales were rough­ly $133 mil­lion in Sep­tem­ber, more than dou­ble the $68.5 mil­lion fig­ure from August.

Thus, with Firedancer on its way, and SOL NFTs try­ing to main­tain the equi­lib­ri­um, it is expect­ed that SOL may have an excit­ing future. Firedancer may help scale the net­work, thus allow­ing it to han­dle a large num­ber of trans­ac­tions in a more effi­cient manner.

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