Fogo plots a Solana chain operating ‘pure Firedancer’

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As Solana awaits promised upgrades to its efficiency stemming from the discharge of Soar’s Firedancer consumer, one group is already plotting to maneuver Firedancer to its personal blockchain.

Fogo Chain is a brand new layer-1 operating on Solana’s software program that can solely use the Firedancer consumer and can implement multi-local consensus whereas making use of a curated validator set. Fogo’s creators suppose these options will assist the chain — which is slated for mainnet and testnet launches within the first half of this yr — push Solana’s software program to its efficiency limits. The mission just isn’t with out its detractors nevertheless.

Solana Labs developed the unique Solana consumer. Jito forked this consumer and added MEV modifications that make transaction processing extra profitable. Greater than 90% of Solana’s stake runs on the Jito-Solana consumer. Chicago-based Soar, a high-frequency buying and selling agency that has a crypto arm, was contracted by the Solana Basis to construct a high-performance Solana consumer from scratch. The so-called Firedancer consumer continues to be beneath growth. A pared-down model referred to as Frankendancer is totally reside, however its lack of MEV alternatives means nobody actually makes use of it.

Fogo’s perception is that even when Firedancer goes totally reside, Solana may very well be slowed down by validators who proceed to run present Solana purchasers.

“It would be like having a Ferrari but you drive it in bumper to bumper New York City traffic,” Fogo Chain co-founder Doug Colkitt mentioned. He added that Fogo will make use of multi-local consensus, the place validators can coordinate their bodily areas to attain decrease latency than beneath Solana’s establishment, the place randomly distributed validators want to achieve consensus from the world over. 

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Fogo’s validator set may even exclude “under-provisioned” or “abusive” validator nodes, in response to its white paper.

Nonetheless, the truth that Fogo plans to make use of Firedancer’s open supply code on a distinct blockchain has irked some. After Fogo Chain raised $8 million at a $100 million valuation by way of group fundraising platform Echo, a Solana developer wrote on X, “damn you can raise 8 on 100 just by redeploying some software that you don’t understand? higher (IQs in vc please).”

Colkitt forged a number of the Fogo flack as “fair” however insisted the brand new SVM chain is “accretive” to Solana as a result of its experiments with pure Firedancer and multi-local consensus will gin up helpful findings for Solana’s future growth. Fogo will begin out based mostly on Frankendancer earlier than transitioning to Firedancer. 

Fogo isn’t the one try and construct a brand new blockchain utilizing Solana’s software program. A number of Fogo contributors are affiliated with Douro Labs, the developer behind the Solana oracle community Pyth. Douro beforehand constructed Pythnet, an application-specific blockchain for Pyth that was constructed as a fork of Solana’s validator software program.

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leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.