📰 Table Of Contents
Solana Network Update: Mainnet Beta Version 1.17.31
Solana developers recently announced a mainnet beta update, version 1.17.31, with the aim of addressing the network’s recent congestion issues. This update targets problems caused by spam transactions that have slowed processing times and led to transaction failures.
Key Highlights of the Update:
- The update tackles issues related to network congestion caused by spam transactions.
- It is expected to stabilize problems associated with recent open interest spikes.
- Validators are encouraged to upgrade their nodes when the delinquent stake falls below 5%.
Validators on the Solana network are considered delinquent if they become inactive. It is recommended that validators upgrade their nodes only when the delinquent stake percentage is below 5% to ensure network stability during the upgrade process.
Enhancements in the v1.17.31 Release:
The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains improvements aimed at alleviating ongoing congestion on the Solana Network.
Solana Foundation acknowledges that multiple factors contributed to the recent congestion, including increased demand for block space and delays in implementing network-related patches.
Solana’s Multi-Phased Network Improvement Plan:
Monday’s mainnet beta update marks the first phase of planned improvements for the Solana network. Further enhancements are expected to be introduced in upcoming versions to enhance network performance and stability.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
