📰 Table Of Contents
Solana Network Glitch and Fixes
Solana co-founder Anatoly Yakovenko recently announced the identification and patching of a bug that was causing reduced functionality in the blockchain ecosystem. This bug led to transaction failures and a slowdown in block finalization. While the glitch has been fixed, implementing other key updates may pose challenges.
Solana Network Glitch Origin
The glitch stemmed from the Version 1.14 upgrade, as explained by Yakovenko in a recent post. Dealing with bugs in the network is more complex than just keeping it active for users. Shipping updates quickly becomes difficult when addressing congestion bugs.
Efforts to Improve Solana Network
Co-founder Raj Gokal has also been actively involved in addressing concerns about the Solana chain. Engineering teams are working tirelessly to push fixes and enhance the transaction submission experience on the network.
Challenges Faced by Solana Network
Since March, the Solana network has been grappling with increasing complaints about transaction issues. Reports indicate a high failure rate, affecting users, developers, and services deployed on Solana.
Measures to Address Network Congestion
The Solana Foundation has introduced measures to tackle network congestion, including optimizing Computing Unit (CU) usage. Developers are encouraged to specify a compute unit budget for transactions to enhance efficiency and resource allocation.
Upcoming Update and Performance Improvements
A major update (v1.18) is scheduled for April to address congestion issues and enhance network performance and reliability. This update aims to resolve ongoing challenges faced by the Solana blockchain network.
Solana Network Performance and Future Projections
Solana has experienced a resurgence following past challenges, with its native token SOL surpassing key price levels. The platform’s identity as a smart contracts facilitator and the deployment of popular memecoins have contributed to its growth.
Concerns About Network Congestion
Despite its success, Solana has faced network outages and congestion issues, impacting transaction processing and network stability. The network’s history of outages raises concerns about its ability to handle increasing demand.
Network Outages and Downtime
Data indicates that Solana has experienced multiple network outages, with significant downtime recorded since 2021. Users demand better network performance to meet the demands of a bullish market and reduce transaction failure rates.
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.
