Month: February 2024

Lucas Bruder, the CEO of Jito Labs, which builds infrastructure for Solana, says despite the outages, the blockchain still has a lot going for it. 

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On Tuesday, Solana suffered a network outage, just shy of a year since its last shutdown. The blockchain had to quickly get a new version out and notify its validators to upgrade to it and restart their systems before blocks could be produced again, resulting in downtime of roughly five hours. This was previously something that had happened regularly to the blockchain but seemed to have been largely addressed over the past year.

Lucas the CEO of Jito Labs, which builds infrastructure for Solana and staged a highly successful airdrop last year that helped rejuvenate the blockchain, joined Unchained to discuss what caused the outage, whether it’s something that builders on Solana should be concerned about for the future, recent improvements Solana has made to its technology, whether the implementation of Firedancer would have prevented this incident, and the promise of the Solana phone. 

Show highlights | 

• What caused the Solana blockchain’s outage this week
• Whether Solana needs to have better quality control 
• Whether the halt of the network affects the builders in the space
• What recent developments in the infrastructure surrounding Solana give Lucas confidence in the network
• Whether the Firedancer client that’s now in development would have prevented this week’s outage
• The promise of the Solana phone
• Whether the network going down presents a setback for the Solana community in terms of recognition and momentum
• Whether financial companies will consider using Solana if these issues keep occurring

Thank you to our sponsors!  Popcorn Network  | iTrustCapital  | Polkadot

Guest |  Lucas Bruder, CEO of Jito Labs

Links:

Recent coverage of Unchained on Solana:

Jupiter Founder Meow to Critics of JUP Airdrop: ‘Give Me a Break’

Three Crypto Pioneers on Crypto’s Monolithic vs. Modular Debate

Anatoly Yakovenko on Solana’s Astounding Recovery and Its Future Plans

Outage:

Unchained: Solana Back Online Again After Suffering 5-Hour Outage

Matthew Sigel’s explanation for why the outage happened

Mert’s tweet on how Solana prioritizes security over liveness

CoinDesk: Can We All Stop Pretending That Solana Is in Beta?

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Unchained Podcast is Produced by Laura Shin Media, LLC.  Distributed by CoinDesk. Senior Producer is Michele Musso and Executive Producer is Jared Schwartz. 

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CoinDesk Indices presents notable data insights from the week, followed by additional analysis from an industry expert.

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The CoinDesk Market Index (CMI) functions as a benchmark for the performance of the digital asset market, delivering institutional quality information to digital asset investors. Subsets of the CoinDesk Market Index (CMI) are investible CoinDesk Crypto Sectors and the CoinDesk 20 Index, designed to measure the performance of the top digital assets. Today’s takeaways are provided by Tracy Stephens, senior index manager at CoinDesk Indices with additional analysis from Eric Ervin, CEO of Onramp Invest. For more on CoinDesk Indices, visit: coindeskmarkets.com.

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Consensus is where experts convene to talk about the ideas shaping our digital future. Join developers, investors, founders, brands, policymakers and more in Austin, Texas from May 29-31. The tenth annual Consensus is curated by CoinDesk to feature the industry’s most sought-after speakers, unparalleled networking opportunities and unforgettable experiences. Take 15% off registration with the code MD15. Register now at consensus.coindesk.com.

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This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Eleanor Pahl, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.

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Charlie, Matt and Will talk about bitcoin mining news this week, including price, Hut 8’s leadership change, the EIA seeking energy data and French Montana shilling his latest Bitcoin NFT.

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Charlie, Matt and Will talk about bitcoin mining news this week. We go over bitcoin’s price rebounding from ETF outflows, Hut 8’s new CEO, the Federal government seeking energy information on Bitcoin miners and rapper French Montana shilling his Quantum Cat.

Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews Tuesday and a news show on Friday! 

Check out our other shows and content by going to Blockspace.media today.

Follow our host on Twitter, @wsfoxley.

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Thank you to our sponsor, CleanSpark, America’s Bitcoin miner!

"The Mining Pod" is produced by Sunnyside Honey LLC and distributed by CoinDesk. Senior Producer is Damien Somerset.

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President Biden strikes back over the special counsel's report on his handling of classified documents. Awaiting a Supreme Court decision on Trump's eligibility. Drug executives get a Senate scolding. CBS News Correspondent Steve Kathan has today's World News Roundup.

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