Austin Federa, head of strategy at the Solana Foundation, has acknowledged that the Solana project is still far from achieving its goal of building the world’s fastest network that is open, permissionless, and decentralized. In an interview during the Paris Blockchain Week, Federa admitted that the network’s user experience is not meeting their expectations. The congestion issues that Solana has been facing are a result of its success, as it has attracted a higher level of activity than anticipated. Federa described this as a “failure of success” due to the overwhelming demand for Solana’s block space.
Solana is currently processing more transactions per second than both Ethereum layer-1s and layer-2s combined. Federa acknowledged that the Solana developers should have been prepared for the spikes in demand and implemented necessary upgrades in a timely manner. He explained that there was a misalignment between the predicted demand for Solana and the timing of the required upgrades and fixes.
For more information on Federa’s perspective on the future of Solana and potential solutions for network congestion, viewers can watch the full interview on the YouTube channel.
Congestion issues? Sounds like a major failure on their part! 🤦♀️
This failure of success excuse is just a way to cover up their lack of preparation. Not impressed!
So basically, Solana isn’t living up to its hype. What a disappointment! 🙄
Despite the challenges, Solana’s progress in processing transactions is truly remarkable! 📊 I’m confident they will overcome these obstacles and continue to innovate in the blockchain space! 💪🏼
It’s frustrating to see a promising project like Solana struggling with congestion issues. Such a missed opportunity!
I had high hopes for Solana, but now I’m starting to doubt their ability to deliver. Disappointed! 😞