Solana has been within the information rather a lot just lately, each for good and dangerous causes. It might appear, nevertheless, that the latter has caught the flowery of Cyber Capital’s Founder Justin Bons. He’s within the information immediately after he tweeted a thread on the Solana blockchain. By way of what many characterised as a rant in opposition to the Solana Basis, the exec went on to say that Solana has “far too many pink flags.”
Doubling down on the identical, the exec highlighted the shortage of originality of Solana whereas additionally calling it “reckless.” In reality, Bons additionally touched upon the Proof of Historical past mechanism, claiming that it makes it simpler for hackers to,
“Predict and due to this fact tack the subsequent lock producers in-line. This assault additionally works no matter scale, thereby severely decreasing SOL safety!”
Moreover, he argued that Solana is weak to DDoS assaults, with Bons including,
4/25) As a substitute in SoL it’s potential to foretell & due to this fact assault the subsequent block producers inline
As an example attacking the subsequent 100 validators inline as an alternative of attacking your complete community
This assault additionally works no matter scale, thereby severely decreasing SOL safety!
— Justin Bons (@Justin_Bons) April 14, 2022
Such criticism got here on the again of a significant outage again in early January 2022. This incident, in actual fact, was the third main community outage in a matter of months for a blockchain dubbed ‘Ethereum-killer’ by many.
Solana went down once more at two o’clock within the morning (UTC+8) on January 4th. In accordance with customers of the official Telegram neighborhood, the attacker is suspected of utilizing spam to conduct a DDoS assault.
— Wu Blockchain (@WuBlockchain) January 4, 2022
What subsequent for Solana?
Even so, there are nonetheless some Solana bulls who consider within the know-how. In reality, many have grown optimistic because of the rising significance of Solana within the NFT area.
On the time of writing, as an example, Solana solely trailed Ethereum when it comes to 24-hour NFT gross sales quantity.
Regardless of all of the criticisms, nevertheless, Solana officers are sure of the standard of the blockchain. They consider they don’t must do something that “sells the imaginative and prescient of the ‘execution layer for the whole lot’ very brief,” argued Solana Labs Co-Founder Raj Gokal.
Solana’s development has fueled a bunch of predictions, with Gavin Smith, Common Companion at Panxora Crypto, zeroing in on $250 primarily based on SOL’s potential.
“We expect that SOL is one of some good contract-based blockchains which have the technical structure that will likely be troublesome for Ethereum to compete with on the idea of transaction pace and transaction value. For good contract utilization, particularly in DeFi, these elements are a important success indicator.”
In accordance with FTX’s Sam Bankman-Fried,
“Solana has a shot at changing into one of many core layers on which most monetary and informational transfers occur between purposes in a natively Web3 world.”