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

Dow Recoils After Trump Trade Guru Dangles 100% Tariff Threat
The Dow"s dramatic reversal sputtered on Thursday, as the post-Fed rally ran out of steam amid a burgeoning crisis in the Middle East and warnings that China tariffs could go as high as 100%.
Judge Grants Injunction Halting Telegram’s TON Release Again, Notice of Appeal Reportedly Filed
Judge Grants Injunction Halting Telegram"s TON Release Again, Notice of Appeal Reportedly Filed The embattled Telegram Open Network (TON) blockchain and its native gram cryptocur
Goldman Sachs Files Defi ETF Application
Goldman Sachs Files Defi ETF Application Goldman Sachs, one of the biggest banking institutions in the world, has filed an application to offer an Exchange Trade
Vietnam’s Blockchain Industry Faces Shortage of Talent
Vietnam’s Blockchain Industry Faces Shortage of Talent The booming blockchain sector in Vietnam is having to deal with a serious deficit in specialists, local media revealed. Des
Finder’s Experts Predict Bitcoin Will End the Year at $21K, Panel Expects BTC to Hit $79K by 2025
Finder"s Experts Predict Bitcoin Will End the Year at $21K, Panel Expects BTC to Hit $79K by 2025 Following the recent xrp and ether prediction forecasts by crypto and fintech expe
Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT Push
Ticket Marketplace Giant Ticketmaster Chooses Flow Blockchain for NFT Push This week, Ticketmaster Entertainment, Inc. revealed the company will give event organizers the ability t
Bitcoin Breaks ATH Pushing Back Into Price Discovery – BTC To $130K?
Este artículo también está disponible en español. Bitcoin has shattered its all-time high, reaching $106,500 just a few hours ago, setting the stage for an even bigger mo
Massive Protests Led to Suspension of SWIFT and Banking Activities in Kyrgyzstan
Massive Protests Led to Suspension of SWIFT and Banking Activities in KyrgyzstanKyrgyzstan has suspended the SWIFT system and recommended that banking activities be halted until the
Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level
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
Brayden Lindrea8 hours agoLido Finance discloses 20 slashing events due to validator config issuesThe initial impact amounted to 20 Ether, worth $31,000, while the validator involved has now been taken offline.1297 Total
Natural Gas Price Hike Hits Crypto Miners in Iran
Natural Gas Price Hike Hits Crypto Miners in Iran Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the pric
Australian Bitcoin Trader Sues Banks for Systematic Discrimination
Australian Bitcoin Trader Sues Banks for Systematic Discrimination An Australian bitcoin trader has filed a lawsuit against two of the country’s biggest co