The head of strategy at the Solana Foundation, Austin Federa, has acknowledged that the project’s goal of building the world’s fastest, open, permissionless, and decentralized network is still a long way off. In an interview during Paris Blockchain Week, Federa stated that the network’s user experience falls short of expectations. He attributed the congestion issues on Solana to its success, as the high level of activity has overwhelmed the network. Despite this, Federa pointed out that Solana is currently processing more transactions per second than both Ethereum layer 1s and layer 2s combined. However, he admitted that the developers should have anticipated the demand spikes and implemented necessary upgrades more promptly. For further insights into Federa’s perspective on the future of Solana and potential solutions for network congestion, the full interview is available on Cointelegraph’s YouTube channel.
Solana Foundation executive acknowledges that the Solana network falls far short of expectations.