Solana is a hot topic in the cryptocurrency world. It is home to thousands of memes and hundreds of other coins. Many are touting the network as a better alternative to Ethereum.
The reasons are simple – Solana is quicker and cheaper. A transaction can cost as much as $100 on Ethereum during times of high network usage, but the same swap would cost only a few cents on Solana.
There are some issues.
Solana’s network outages and congestion
Many Solana advocates tout faster transaction speeds, higher throughput and lower costs. However, opponents of the network point out it’s more centralised and less secure.
Solana shut down at least three times. In February of this year, for example, the network Solana was closed. went offline It took hours for engineers to be able bring the system back online.
Many people have complained that it is nearly impossible to get a transaction through the network because the traffic can be so heavy.
The developers are now pushing a Mainnet upgrade that’s specifically designed to fix these issues.
Solana Mainnet Upgrade goes Live to Solve Network Congestion
Mainnet Update v1.17.31 was released earlier in order to combat congestion.
The changelog includes points such as:
- Staked and non-staked packets thrown down/throttled
- Use smallvec for aggregated chunks to save one alloc each packet
- BankStage Filter for Forwarding
- Treat Super Low Staked As Unstaked In Streamer QOS
- Reduce the minimum streams per 100ms of staked nodes
Anza – a Solana developer – has also asked validators to upgrade You can only apply the latest patch when there are less than 5 % delinquents stake.
Solana price bounces back from recent lows
Solana fell to below $130 in the early hours of April 14th. The overall cryptocurrency market also crashed over the weekend.
Since then, the price is now trading around $154, an increase of 7.5% over just 24 hours.
This includes the broader market. recoveringBTC has topped $66k, while ETH is surging beyond $3.2K. The uptrend is interesting, but it will be interesting to see whether the trend continues or if this “so-called” upwards movement. “dead cat bounce.”
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Source: cryptopotato.com
