Fun

Solana releases mainnet beta update v1.17.31 to resolve congestion issues

News Feed - 2024-04-15 05:04:01

Prashant Jha20 minutes agoSolana releases mainnet beta update v1.17.31 to resolve congestion issuesThe Solana Foundation claimed ongoing network congestion could be attributed to the high demand for Solana block space and increased network activity.202 Total viewsListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksSolana developers have releaseda mainnet beta update, v1.17.31, to deal with the ongoing network congestion on the Solana blockchain.


The update was released on April 12, and now, after three days of testing, it is being recommended for general use by mainnet beta validators. 


This patch contains enhancements that will help with some of the ongoing network congestion and will be followed by further enhancements in v1.18.


The current version will help improve the network congestion and issues with the open interest jump. Some of the key upgrades include:Show staked vs non staked packets sent down/throttledquic: use smallvec to aggregate chunks, save 1 alloc per packetBankingStage Forwarding Filtertighten the minimal streams per 100ms for staked nodeTreat super low staked as unstaked in streamer QOSdefault staked client in LocalCluster


Solana developer Anza asked validators to upgrade the latest patch only when there’s less than a 5% delinquent stake.


Delinquency on Solana refers to the inactive validators, and the percentage refers to the total stake for offline validators. Thus, validators are requested to install the updates only when there are less than 5% inactive validator stakes on the network.


Related:Over $1B in US Treasurys have now been tokenized on-chain


Amid a growing network activity and memecoin frenzy, Solana network faced congestion issues for nearly a week with a transaction failure rate as high as 75%. While developers were working on the fix, co-founder Solana noted that the ongoing network congestion issues were merely a bug rather than a network issue.


The Solana Foundation attributed current network congestion problems to various factors, including a large demand for Solana block space and a delayed implementation of patches to tackle network-related issues.


Solana Foundation strategy lead Austin Federa told Cointelegraph that developers have been working non-stop to fix the issue, but the network demand has outpaced the timely developer intervention.


However, Solana devs have developed a series of patches to tackle the ongoing issue, with the first released earlier today for developers.


Magazine:Bitcoin ETFs make Coinbase a ‘honeypot’ for hackers and governments — Trezor CEO# Blockchain# Cryptocurrencies# Adoption# DeFi# SolanaAdd reaction

News Feed

The S&P 500 Will Have No Choice But To Buy Bitcoin — Here’s Why
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Creators of the Otherside Metaverse Drop New Teaser Video Featuring Creatures Called Kodas
Creators of the Otherside Metaverse Drop New Teaser Video Featuring Creatures Called Kodas Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club
William Suberg6 hours agoBitcoin price metric copies move that last came before -25% FTX crashBitcoin SLRV Ratio data performs a moving average crossover absent since before the FTX implosion hit the market.3408 Total vi
Web3 gets its own version of Trustpilot to bring users and creators together
Savannah Fortis11 hours agoWeb3 gets its own version of Trustpilot to bring users and creators togetherA new decentralized application aims to revolutionize product feedback and user engagement in the Web3 space by foste
Tunisia’s Central Bank Denies Reports Claiming It Issued an E-Dinar
The Central Bank of Tunisia is denying reports that it has launched a digital currency. In a sweeping rejection published this week the central bank quashed “unfounded” rumors
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto Flow
Dapper Labs and Blockparty Join Forces to Bring A New Breadth of Digital Collectibles onto FlowVANCOUVER / SEPTEMBER 25, 2020 —Blockparty—the New York-based rare digital
XRP Below $1? Not Happening, Claims Millionaire Analyst
Este artículo también está disponible en español. Ripple’s XRP has traded below the $1 level for nearly three years, affected primarily by the cases filed by the US Sec
LBank Exchange Will List STEP on January 21, 2022
LBank Exchange Will List STEP on January 21, 2022 press release PRESS RELEASE. INTERNET CITY, DUBAI, Jan. 21, 2022 – LBank Exchange, a global digital asset trading platform,
Technical Analysis: Flow Moves Higher, as SHIB Climbs 12%
Technical Analysis: Flow Moves Higher, as SHIB Climbs 12% Following a 12% decline yesterday, shiba inu (SHIB) rose by that same percentage today, as bulls once again boarded the ro
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal
Report: Billionaire Says Britain May Be Forced to Seek Bailout From IMF if It Does Not Renegotiate Brexit Deal British billionaire investor Guy Hands has reckoned that Britain will
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says
Crypto Winter No Longer Has Big Impact on Long-Term Industry Growth, EY Executive Says EY’s global blockchain leader says that for the first time ever, crypto’s price s
Amazon takes minority share in ChatGPT rival Anthropic AI
Savannah Fortis1 hour agoAmazon takes minority share in ChatGPT rival Anthropic AIAmazon has fulfilled its $4-billion investment commitment to AI startup Anthropic, announcing a minority ownership stake in the company an