solana is facing networking issues due to very high volume. the more issues solana faces, the more bearish i become on all other general-purpose non ethereum layer 1s
building networks to handle tens, hundreds of thousands of TPS is extremely complex, as evidenced by solana's issues with downtime + current majority of non-vote txs being dropped. i don't think any of this is due to solana being built poorly, there are immense complexities to solve when trying to scale to support millions+ concurrent users
the longer solana is out there experiencing such high volume, the more they build a moat of technical improvements derived from real world experience. new L1s will increasingly struggle to challenge solana as the #1 monolithic L1. many new L1s are going to fall over as soon as volume increases
a "company" is always at risk of being toppled, but i think the mental model of "protocol" (ie: TCP/IP, HTTP) is even more apt. protocols with billions in TVL are very very sticky w/r/t their underlying protocol
is this the end game?
ibrosend
building networks to handle tens, hundreds of thousands of TPS is extremely complex, as evidenced by solana's issues with downtime + current majority of non-vote txs being dropped. i don't think any of this is due to solana being built poorly, there are immense complexities to solve when trying to scale to support millions+ concurrent users
the longer solana is out there experiencing such high volume, the more they build a moat of technical improvements derived from real world experience. new L1s will increasingly struggle to challenge solana as the #1 monolithic L1. many new L1s are going to fall over as soon as volume increases
a "company" is always at risk of being toppled, but i think the mental model of "protocol" (ie: TCP/IP, HTTP) is even more apt. protocols with billions in TVL are very very sticky w/r/t their underlying protocol
is this the end game?
alternative layer 1s