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Unchained

Why One Solana Builder Is Still Optimistic About the Network - Ep. 606

Unchained

Laura Shin

News, Tech News, Business News

4.61.3K Ratings

🗓️ 9 February 2024

⏱️ 34 minutes

🧾️ Download transcript

Summary

Listen to the episode on Apple Podcasts, Spotify, Fountain, Overcast, Podcast Addict, Pocket Casts, Pandora, Castbox, Google Podcasts, Amazon Music, or on your favorite podcast platform. On Tuesday, Solana suffered a network outage, just shy of a year since its last shutdown. The blockchain had to quickly get a new version out and notify its validators to upgrade to it and restart their systems before blocks could be produced again, resulting in downtime of roughly five hours. This was previously something that had happened regularly to the blockchain, but seemed to have been largely addressed over the past year. Lucas, the CEO of Jito Labs, which builds infrastructure for Solana and staged a highly successful airdrop last year that helped rejuvenate the blockchain, joined Unchained to discuss what caused the outage, whether it’s something that builders on Solana should be concerned about for the future, recent improvements Solana has made to its technology, whether the implementation of Firedancer would have prevented this incident, and the promise of the Solana phone.  Show highlights: What caused the Solana blockchain’s outage this week Whether Solana needs to have better quality control  Whether the halt of the network affects the builders in the space What recent developments in the infrastructure surrounding Solana give Lucas confidence in the network Whether the Firedancer client that’s now in development would have prevented this week’s outage The promise of the Solana phone Whether the network going down presents a setback for the Solana community in terms of recognition and momentum Whether financial companies will consider using Solana if these issues keep occurring Thank you to our sponsors! Popcorn Network iTrustCapital Polkadot Guest Lucas Bruder, CEO of Jito Labs Links Recent coverage of Unchained on Solana: Jupiter Founder Meow to Critics of JUP Airdrop: ‘Give Me a Break’ Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans Outage Unchained: Solana Back Online Again After Suffering 5-Hour Outage Matthew Sigel’s explanation for why the outage happened Mert’s tweet on how Solana prioritizes security over liveness CoinDesk: Can We All Stop Pretending That Solana Is in Beta? Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:14.8

I mean I think it's definitely a setback but I think that it's a good reminder that these systems are hard and that testing needs there needs to be a lot of testing on these networks, Salana, and also other networks that may have similar issues. I think people are still very

0:19.4

optimistic on Salana, I'm certainly very optimistic on it.

0:23.0

Hi everyone, welcome to Unchained, your no hype resource for all things crypto.

0:31.0

I'm your host Laura Shin, author of The

0:34.1

Cryptopians. I started covering crypto eight years ago and as the senior editor

0:38.0

Forbes was the first Main Street reporter to cover cryptocurrency full time.

0:41.6

This is the February 9th 2024 episode of Unchained.

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