Fantom Co-founder Backs Solana Amidst Congestion Critiques

Table of Contents

• Solana’s Network Troubles 
• Fantom Co-Founder Offers Insight 
• Community Response and Misconceptions
• Technical Outages In the Past 
• Insights into Solana’s Outages

Andre Cronje points out that Solana’s network troubles were due to rapid expansion and not a systems error. 

Solana’s Network Troubles 

Co-founder of the Fantom blockchain, Andre Cronje, has spoken out in defense of the Solana network amidst recent transaction failures. Recently, the number of transaction failures on the Solana blockchain has increased. Blockchain data from Dune Analytics revealed that the recent memecoin rush led to an activity surge on the Solana blockchain, which led to 75% of non-vote transactions failing on April 4. 

This failure has been met with disgruntled users who complained of poor user experience on social media. Cronje, who has been quite prominent in DeFi circles, has attributed the congestion issues to Solana's rapid ecosystem growth rather than inherent flaws in its consensus mechanism. 

Fantom Co-Founder Offers Insight 

In a recent post on X, Cronje addressed criticisms surrounding Solana's ongoing congestion. He emphasized that the technical challenges were due to the increasing demand for block space due to the platform’s rapid expansion and not due to any flaws in Solana’s consensus mechanism.  

Cronje tweeted, 

"Seeing a lot of 'I told you so's' against Solana, because *checks notes* Solana currently has so much demand for block space that they need to optimize some bottlenecks (which also btw, is just an engineering hurdle and not a fault of consensus or any critical component). Victim of success."

Community Response and Misconceptions

Cronje's perspective resonated with the community, with many supporting the notion that increased usage often leads to temporary user experience issues in blockchain technology. Despite the inherent scalability and capabilities of blockchain, reactions to such challenges tend to skew negative.

Solana CEO Anatoly Yakovenko also addressed the issue of failing transactions and poor user experiences and feedback. He pointed out that addressing congestion bugs is much more complex than resolving total liveness failures on the network since the required extensive testing and updates slow down urgent deployments.

Technical Outages In the Past 

This was not Solana's first network outage. The network has experienced multiple outages since January 2022. Of these outages, around six were significant network outages, while the other fifteen were partial or primary outages, prompting concerns about its stability.

The network experienced a significant outage as recently as February end, which slowed down block production on the mainnet and stopped block progression for over five hours.

Insights into Solana’s Outages

A postmortem report released by Solana-focused software development firm Anza shed light on the root cause of the recent outage. The report identified a bug in Solana's Just-in-Time (JIT) compilation cache, necessitating plans to replace the old loader system with a new one.

As a result of the outage, the price of the network’s SOL token has dropped slightly by around 3% in the past week, following a significant rally in March. Despite this setback, Solana remains one of the top cryptocurrencies by market capitalization, currently holding the fifth position on the scale. 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.