Solana’s CEO assures more security and reliability after recent outage

On 25th February, Solana, one of the fastest-growing blockchain companies, faced technical issues due to software upgrading. Users were unable to access the services for about 5 hours, which also impacted a large number of decentralized applications built on Solana. The company came into the spotlight when they partnered with Google, which caused the price to surge. 

This caused widespread chaos and uncertainty about the platform’s ability to manage high traffic. As soon as users started showing their concerns on this issue, Solana wasted no time in addressing the issue and implementing required actions.

Solana’s founder and CEO, Anatoly Yakovenko, has released a statement about the platform’s enhancements following the recent disruption on February 25th. In his statement, he emphasized the technical advancements made to Solana’s transaction processing system, such as better memory allocation, more efficient transaction queuing, and a higher transaction processing rate.

Yakovenko presented a detailed plan to strengthen the technology and other necessary areas of development in Solana so that this type of inconvenience cannot occur in the future. Additionally a group of dedicated engineers allotted work to handle and run the machinery softly.  

When asked about the probe into the outage incident, he assured that an investigation has been ordered and results are yet to come. Additionally, a unique feature is also set to be added that allows developers to set a maximum transaction fee for their decentralized applications or dApps, which will help prevent the network from becoming overloaded with high-fee transactions.

Yakovenko’s statement suggests that the platform will continue to be committed to providing its users with access to a trustworthy and effective blockchain infrastructure. Furthermore, Google’s partnership with Solana may ultimately help the platform regain the confidence of its users, but it remains to be seen what will happen.

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