Solana has been within the information lots lately, each for good and dangerous causes. It will appear, nonetheless, that the latter has caught the flowery of Cyber Capital’s Founder Justin Bons. He’s within the information right now after he tweeted a thread on the Solana blockchain. Through what many characterised as a rant towards the Solana Basis, the exec went on to say that Solana has “far too many crimson flags.”
Doubling down on the identical, the exec highlighted the shortage of originality of Solana whereas additionally calling it “reckless.” The truth is, 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 following lock producers in-line. This assault additionally works no matter scale, thereby severely lowering SOL safety!”
Moreover, he argued that Solana is susceptible to DDoS assaults, with Bons including,
4/25) As a substitute in SoL it’s attainable to foretell & due to this fact assault the following block producers inline
As an illustration attacking the following 100 validators inline as a substitute of attacking your entire community
This assault additionally works no matter scale, thereby severely lowering 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, the truth is, 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 keeping 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. The truth is, many have grown optimistic due to the rising significance of Solana within the NFT area.
On the time of writing, for example, Solana solely trailed Ethereum when it comes to 24-hour NFT gross sales quantity.
Supply: CryptoSlam
Regardless of all of the criticisms, nonetheless, Solana officers are sure of the standard of the blockchain. They consider they don’t should do something that “sells the imaginative and prescient of the ‘execution layer for every part’ very brief,” argued Solana Labs Co-Founder Raj Gokal.
Solana’s progress has fueled a bunch of predictions, with Gavin Smith, Basic Associate at Panxora Crypto, zeroing in on $250 primarily based on SOL’s potential.
“We expect that SOL is one of some sensible contract-based blockchains which have the technical structure that shall be troublesome for Ethereum to compete with on the idea of transaction pace and transaction price. For sensible contract utilization, particularly in DeFi, these elements are a essential success indicator.”
In keeping with FTX’s Sam Bankman-Fried,
“Solana has a shot at turning into one of many core layers on which most monetary and informational transfers occur between functions in a natively Web3 world.”
