Categories: MarketsMenafn

Solana Network Resolves Congestion Issues

Solana faced multiple congestion issues, which led to a loss of interest among community members as 75% of non-vote transactions failed.

However, with the community’s collective effort and weeks of dedicated work, SOL has successfully resolved the network congestion problem, bringing block time back to 2 seconds. This achievement and a significant reduction in transaction confirmation time represents a major milestone for the network, showcasing the power of community collaboration.

Solana’s Resolution of Congestion Issues Has Increased Market Activity

Previously, Solana experienced a surge in network activity, leading to block times exceeding their usual two-second target. This caused delays, increased transaction costs, project delays, and investor frustration, highlighting the profound impact of congestion issues on the SOL ecosystem.

To address these problems, Anza, a developer behind one of SOL validator clients, first proposed a fix in the form of a new devnet version, v1.18.11. This update was deployed for Solana testnet validators to install and test, but it could have been more successful in resolving the congestion.

The development team then released another update, version 1.17.31, which included a new feature called Stake Weighted Quality of Service (SWQOS). This feature aimed to improve transaction processing specifically for staked validators.

While the exact cause of the congestion remains debated, with some suggesting it was a bug rather than a fundamental network issue, the implemented changes have been effective. Block times have returned to their normal two-second range, and transaction fees have decreased significantly.

With the network running smoothly again, Solana is well-positioned to continue its growth and adoption as the SOL price surges over 2%. The successful resolution of the congestion issues is a positive sign for the future of the Solana ecosystem.

Jerry Rolon

After working for 7 years as a Internet Marketer, Jerry now aims to explore the journalistic side of Internet. With his impeccable knowledge in this domain, he churns out some of the best news articles from the internet niche. With respect to acedamics, Jerry earned a degree in business from California State University.

Recent Posts

Ripple Labs Contributes $25M to Fairshake

Ripple Labs has made a $25 million donation to Fairshake, a pro-crypto super political action…

50 seconds ago

Binance Delists Five Tokens, Causing Immediate Sell-Offs

Binance, the largest cryptocurrency exchange by trading volume, has announced plans to delist five tokens…

12 hours ago

Vistera of Venice Sets New Standard in Luxury Florida Living

Venice, FL – November 25, 2024 – Vistera of Venice (www.visteravenice.com), a premier gated community…

13 hours ago

Advantage Mental Health Center Expands Telehealth Services

Clearwater, FL – November 25, 2024 – Advantage Mental Health Center (https://advantagementalhealthcenter.com/) is pleased to…

13 hours ago

JJB Pools & Spas Introduces Innovative Energy-Efficient Pool Solutions for Tampa Bay

Tampa, FL – November 25, 2024 – JJB Pools & Spas, a leading pool equipment…

13 hours ago

Countryside Hearing Aid Services Enhances Hearing Care for Seniors

Clearwater, FL – November 25, 2024 – Countryside Hearing Aid Services (www.countrysidehearingaids.com ), a family-owned…

13 hours ago