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Blockchain technology is about to transform every trust-based interaction of our lives, from financial services to identity, from health care to our Internet of Things devices. In this podcast, host Laura Shin talks with industry pioneers across tech, financial services, health care, government and other sectors about how the blockchain and cryptocurrency will open up new opportunities for incumbents, startups and everyday people to interact more efficiently, directly and globally.

Sep 17, 2021

Aidan Mott, research analyst at Messari, discusses Solana’s network restart that resulted in the blockchain going dark for 17 hours earlier this week. Show highlights:

  • when Solana validators noticed something was wrong and how they responded
  • what initial dex offering (IDO) caused the network to be flooded with transactions
  • how a surge in bot transactions pushed validators to decide to restart the network
  • how Solana’s outage compares to similar incidents on other chains
  • why the Solana community was most likely not surprised by the 17-hour restart
  • how Solana validators and the Solana Foundation coordinated the network restart
  • how Solana Labs CEO Anatoly Yakovenko communicated with the community during the outage
  • whether Solana is still vulnerable to a similar flood of transactions
  • what the network restart means in terms of Solana’s centralization
  • why Solana validators running the same client could be an issue

 

Check Out the Related Article
In addition to the analysis from Aidan, I did an interview with a Solana validator about his experience of the outage, and his concerns for the network going forward. Check out "The Experience of One Validator: What Happened During Solana's 17-Hour Outage?" in my Facebook Bulletin newsletter here -- and subscribe today!
https://laurashin.bulletin.com/178076467796725

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Episode Links



Aidan Mott

Messari

 

Solana Outage