- September 20, 2024
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Solana, a modern blockchain and one of the top smart contract platforms, looking at a screen grab shared by one observer on X, has achieved a remarkable milestone.
Over the past seven months, the platform has maintained an unusually high uptime of 100%, shaking off criticism that has plagued the network over the years since launching.
Solana Has Been Online For 7 Straight Months
Accordingly, with this milestone, Solana is now close to achieving the longest streak of uninterrupted periods in a row. Overall, this highlights the progress made by the platform to ensure stability and reliability. Theoretically, Solana, like Ethereum and other public ledgers, is supposed to maintain a high uptime of over 99.9% due to their architecture.
A group of distributed validators across the world powers Solana. Regardless of disruptions in part of the world, for example, assuming mass withdrawal of validators, the network will continue operating and will be powered by the remaining nodes. While ideal, this has not been the case, especially for the latest blockchain models prioritizing high throughput and low fees.
Since launching, Bitcoin, Ethereum, Litecoin, and most legacy chains have been reliable and have not been offline. On the other hand, Solana has been struggling, especially when there is a spike in on-chain transactions, putting a strain on online nodes.
Although there is progress, there have been inconveniencing outages in the past, especially in 2023. Whenever Solana stopped working, most analysts questioned the platform’s resilience and whether the network was a true blockchain.
Early this year, in February 2024, Solana failed, and its nodes stopped processing transactions. The outage was pinned to a software flag but was quickly patched.
Firedancer Will Enhance Reliability
To resolve these concerns and restore confidence, the team has been drastically improving reliability. For this reason, concerted efforts and resources are funneling to enhance Solana’s architecture, ensuring the platform remains online, regardless of on-chain demand.
Jump Crypto has been actively building, from scratch, Firedancer, a validator client that introduces a modular design. Once it rolls out in 2025, it will improve transaction processing efficiency and drastically reduce the risks of network failures.
Some additions expected from Firedancer include introducing parallel transaction processing that will further boost throughput while concurrently shaving latency.