Jacob Creech, Solana’s Head of Developer, reminds the broader neighborhood that the group will reward anybody with $400,000 in SOL, the platform’s native foreign money, if “swap off” or halt the excessive throughput community. Taking to X on October 13, Creech encouraged white hacks and coders to go over to their repository and start penetration checks.
Solana Bug Bounty Program
The manager additionally linked Solana’s GitHub, the place coders may be taught extra concerning the bug bounty program. The Solana bounty program rewards totally different quantities to white hacks relying on the severity of the vulnerability. Those that efficiently halt the blockchain’s consensus will obtain $400,000 in locked SOL for a yr.
Solana is a extremely scalable community and considered one of Ethereum’s high rivals. By its structure, it may possibly course of extra transactions than legacy chains, together with Bitcoin (BTC) or Ethereum (ETH), which may handle 7 and 15 transactions per second (TPS), respectively, when working optimally.
Solana stays fashionable, and its builders have steadily enhanced the platform, making it extra performant and dependable. Nevertheless, although Solana has excessive throughput, there have been a number of events when its reliability has been questioned.
Public ledgers like Solana ought to keep a excessive degree of reliability, near 100%, due to the distribution of its validator nodes. These nodes are supposed to stay on-line, making certain that each transaction posted is confirmed to be legitimate and added to a block. This, on some events, has not been the case for Solana.
Will Firedancer Shopper Make The Community Extra Dependable?
Since launching, the sensible contract platform has been halted over 5 instances at numerous dates in 2022. Data present that within the first half of 2022 alone, the blockchain stopped working for 11.5 hours. The error was primarily associated to node updates, which had been resolved moments after the impact of the bug halted the community.
Builders additionally famous that Solana stopped with out obvious cause, as recorded in April and September 2022. The newest community halt was in late February 2023 when, as a consequence of a validator node replace, some validators couldn’t verify blocks, forcing the community offline.
Because the final halt in February 2023, Solana has remained on-line regardless of a notable spike in non-fungible token (NFT) exercise in Q2 2023. Normally, an uptick in community requests can result in community halts. Analysts blame the dearth of shopper alternate options as the rationale for the downtime. It will change as soon as Solana releases the Firedancer shopper by Soar Crypto in an improve scheduled for the second half of This fall 2023. Firedancer would be the second validator shopper.
Particularly, Firedancer goals to boost community efficiency, particularly scalability and reliability, whereas concurrently making the platform extra decentralized. Builders say the Firedancer shopper will likely be extra strong, that means it is going to be much less inclined to bugs and outages.
Function picture from Canva, chart from TradingView
