I’m happy to discuss reliability but it doesn’t appear we’re having a conversation.
> On 30 April and 1 May, 2022, Solana experienced major outages due to being taken offline by bots.[18] On 1 June, 2022 Solana reportedly[19] suffered another outage due to a bug in how the blockchain processes offline transactions. On 1 October, 2022, the Solana network went down for 6 hours due to a single misconfigured node.
In a properly decentralized system, how does 1 misconfigured node take down the entire system? That looks like a single point of failure to me, something decentralized systems aren’t supposed to have. Can you elaborate how your distinguishing reliability and centralization in the context of single node failures?
[1]: https://en.m.wikipedia.org/wiki/Solana_(blockchain_platform)
https://solana.com/news/09-30-22-solana-mainnet-beta-outage-...
That’s how software works. Things break. They particularly break at scale. Nobody’s done this before. If Eth was as busy it would break too.
A network falling over because of high usage or (in this case) one validator had a misconfigured node is extremely bad.
In reality, Solana is a highly centralized blockchain. Solana has zero protocol specs (the code is the spec), one production client, one main development organization (Solana Labs), limited exposure to the academic research community, and the entire network only runs in data centers due to extreme hardware & bandwidth requirements.
If we wanted to boil down decentralization into a narrow metric (we shouldn't want this, but if we did), that metric might be "how many guns to how many heads to force an invalid state transition?" And Solana scores very poorly on this metric.
From a certain angle, it could almost look as if said VCs were trying to add legitimacy to their portfolio investments by colluding to make Solana seem busier and safer than it really is...
> because the stake amount remained stable while validator count increased, it improved to 27 in Q2 and 31 in Q3. The improvement continues to put Solana above the industry average compared to other L1 networks.
https://messari.io/report/state-of-solana-q3-2022
Way more at:
https://youtu.be/5NDs3Il2J3Q?t=303
Re: Visa, Sol's hit peaks above Visa's global average of 7,500 TPS recently too.
Not boosting Sol, but if you're going to build, you should seriously consider it.