11-20-2021, 04:04 PM
Solana Labs CEO: It ‘doesn’t really matter’ if the network goes down again / l
<!-- SC_OFF --><div class="md"><p>Quick Take</p> <ul> <li>In September, the Solana blockchain was swamped by transactions and ended up going offline for 17 hours.</li> <li>Solana Labs CEO Anatoly Yakovenko says that this is only a problem for those measuring in milliseconds.</li> </ul> <p>When asked what are the chances the network goes down again, Yakovenko replied, “I don’t know. It doesn’t really matter, though.”</p> <p>His argument went as follows: as long as there’s at least one copy of the ledger, the funds are still safe and the transactions will eventually get processed. If you don’t care how long a transaction takes to go through, “then how much do you care that there's a 72 hour block?” </p> <p>Yakovenko likened the downtime to a particularly long wait between blocks. He claimed that Solana didn’t really go offline, there just wasn’t a confirmed block for that time period. “So that technically does look like a 17-hour block if you look at the history.”</p> <p>Bitcoin, Ethereum and Cardano have entered the chat for a laugh... C'mon bois, this is the biggest centralized shitshow of the century and it seems that going offline might happen again or frequently!</p> <p>Source: <a href="https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again">https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cascading_disruption"> /u/cascading_disruption </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy68nm/solana_labs_ceo_it_doesnt_really_matter_if_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy68nm/solana_labs_ceo_it_doesnt_really_matter_if_the/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Quick Take</p> <ul> <li>In September, the Solana blockchain was swamped by transactions and ended up going offline for 17 hours.</li> <li>Solana Labs CEO Anatoly Yakovenko says that this is only a problem for those measuring in milliseconds.</li> </ul> <p>When asked what are the chances the network goes down again, Yakovenko replied, “I don’t know. It doesn’t really matter, though.”</p> <p>His argument went as follows: as long as there’s at least one copy of the ledger, the funds are still safe and the transactions will eventually get processed. If you don’t care how long a transaction takes to go through, “then how much do you care that there's a 72 hour block?” </p> <p>Yakovenko likened the downtime to a particularly long wait between blocks. He claimed that Solana didn’t really go offline, there just wasn’t a confirmed block for that time period. “So that technically does look like a 17-hour block if you look at the history.”</p> <p>Bitcoin, Ethereum and Cardano have entered the chat for a laugh... C'mon bois, this is the biggest centralized shitshow of the century and it seems that going offline might happen again or frequently!</p> <p>Source: <a href="https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again">https://www.theblockcrypto.com/post/124887/solana-labs-ceo-it-doesnt-really-matter-if-the-network-goes-down-again</a></p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/cascading_disruption"> /u/cascading_disruption </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy68nm/solana_labs_ceo_it_doesnt_really_matter_if_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qy68nm/solana_labs_ceo_it_doesnt_really_matter_if_the/">[comments]</a></span>Kind Regards R