CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Solana shows resilience, but some areas need continued observation, Fidelity says

Cointelegraph - Blockchain logo

Published on

Add as a preferred source on Google
Solana shows resilience, but some areas need continued observation, Fidelity says

Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.

Solana has made significant progress in terms of network health across resilience, economic security and performance indicators, according to a Fidelity report.

Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software could threaten this, according to the report by Fidelity’s Center for Applied Technology (FCAT).

The report said economic security was supported by substantial staking participation and incentives that reward validator performance. Low latency, expanded capacity and inexpensive transactions also support practical use at scale.

Related: Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand

Still, it noted that several areas surrounding decentralization and resilience warrant continued observation, including stake concentrates among a small number of validator identities and operators.

Cointelegraph reported on Aug. 21 that Solana had reduced its slot time to 350 milliseconds, marking the first such reduction since the inception of the network, according to the Solana Foundation’s vice president of technology, Jacob Creech.

In June, the Solana Foundation shared plans to reduce slot times to 200ms, arguing that it would improve latency and accelerate confirmations on the blockchain network. Three further 50ms reductions are planned.

Magazine: France is world’s most dangerous place for Bitcoiners: 90 attacks in 7 months



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.