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Ukrainian, who created Solana blockchain, denies rumors about the reasons for the network failure

12:51 pm, February 28, 2023

Anatoliy Yakovenko, founder and CEO of Solana Labs, a Ukrainian, has denied rumors about the causes of the technical failure in Solana’s work. According to Yakovenko, the claims that the network outage was caused by a large volume of validator messages and a clogged consensus level in the chain voting system are false and unfounded.

As Solana reported on February 27, the root cause of the recent 20-hour network outage is still unclear.

The controversial report that a large volume of validator messages and chain votes were clogging the network was posted by Twitter user DBCryptoX on February 27, a few days after the 20-hour Solana network outage.

This is not the first incident in Solana’s history. In 2022, the network was also repeatedly slowed down and sometimes stopped. Although Saturday’s outage had no direct culprit, it still caused a flurry of negative feedback from members of the crypto community.

At the time of writing, the native SOL blockchain token is trading at $ 22.14. The digital asset has fallen by 3% over the past day, and by 15% over the past 7 days.

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