Solana has been within the information loads just lately, each for good and dangerous causes. It will appear, nonetheless, that the latter has caught the flamboyant of Cyber Capital’s Founder Justin Bons. He’s within the information at present 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.” Actually, Bons additionally touched upon the Proof of Historical past mechanism, claiming that it makes it simpler for hackers to,
“Predict and subsequently 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 weak to DDoS assaults, with Bons including,
4/25) As an alternative in SoL it’s doable to foretell & subsequently assault the following block producers inline
As an illustration attacking the following 100 validators inline as a substitute of attacking all the 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, actually, 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 response to 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 imagine within the know-how. Actually, many have grown optimistic because of the rising significance of Solana within the NFT house.
On the time of writing, as an illustration, Solana solely trailed Ethereum by way of 24-hour NFT gross sales quantity.
Regardless of all of the criticisms, nonetheless, Solana officers are sure of the standard of the blockchain. They imagine they don’t should do something that “sells the imaginative and prescient of the ‘execution layer for all the pieces’ very quick,” argued Solana Labs Co-Founder Raj Gokal.
Solana’s development has fueled a number of predictions, with Gavin Smith, Normal Companion at Panxora Crypto, zeroing in on $250 primarily based on SOL’s potential.
“We predict that SOL is one of some sensible contract-based blockchains which have the technical structure that might be tough for Ethereum to compete with on the idea of transaction pace and transaction price. For sensible contract utilization, particularly in DeFi, these components are a vital success indicator.”
In response to 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.”