Solana Releases Initial Fixes for Network Congestion
Following weeks of transaction failures, Solana appears to be on the cusp of a breakthrough with the rollout of its inaugural update for mainnet validators.
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Following weeks of transaction failures, Solana appears to be on the cusp of a breakthrough with the rollout of its inaugural update for mainnet validators.
Solana's latest update targets network congestion, enhancing its appeal as a faster and cheaper alternative to Ethereum. Despite challenges like occasional outages, Solana's recent price recovery to $154 suggests ongoing investor interest.
Solana network to address transaction failure bug by April 15, targeting implementation issues rather than fundamental design flaws. Concerns over network stability prompt community attention amid soaring market valuation.
Solana's token extensions bring exciting possibilities, and increased development activity aligns with positive market sentiment. The decline in TVL, while notable, doesn't overshadow Solana's resilience, setting the stage for an intriguing 2024.
Two days after a major outage, the Solana Foundation says it’s still investigating why the Solana network went down for almost 20 hours following a network upgrade.“
The blockchain network has continued to perform optimally despite the setback.
As of July, the number of monthly active contributors to the Ethereum network continues to be the highest at around 2,000.
Solana has suffered its fifth outage of 2022, and the year is only five months old. A bug-related consensus failure was the culprit this time.
Solana suffered its fourth cyber incident in as many months. Two of the four issues took place this week.