Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network – Bitcoin News

Solana, the top ten smart contract-enabled cryptocurrency by market capitalization, has admitted that it is facing a series of issues hampering the performance of its network. Grid’s official account, as well as the status page, reported this incident yesterday. This is the latest issue Solana has been facing after experiencing several network outages over the past months.

Solana faces productivity problems

Solana, a smart contract-enabled digital currency, has officially acknowledged that its network is experiencing performance issues affecting system throughput and causing it to drop certain transactions. Report was export Through the project’s Solana Status Twitter account, which informed users of the situation yesterday.

The account explained:

[The network is experiencing] Degraded performance due to the increase in highly compute transactions, reducing network capacity to several thousand transactions per second. This leads to increased loading and processing times, and some failed transactions.

This report was published on January 6, 16:11 UTC, and at the time of writing, the issue is still not resolved. It has also been reported that the developers are working to address these issues and resolve the issue.

Many woes

This is not the first time the network has encountered this kind of problem. The first such incident — which affected the block production of Solana validators — occurred on September 14, when the Solana blockchain nearly slowed to a crawl due to a resource exhaustion issue, according to a Solana Status account.

Then the blockchain ran into another problem on December 4, when the entire network was shut down and engineers had to restart it to get it working properly again. At that time, the network was down for about 5 hours, with no transactions or blocks being issued during this period.

The project had other types of issues with congestion due to the launch of specific projects which also led to network congestion, as happened on December 13th when release A project called Solchicks affected the stability of the blockchain.

Then back on January 4, there was Reports About Solana Confronting a DDoS Attack via Spam Transactions. However, these reports were debunked by Anatoly Yakovenko, co-founder of Solana, who advertiser that “there was some congestion due to unbalanced transfers, some users experienced text message timeouts and had to try again.”

However, even with all these problems, Solana’s total number of transactions exceeded that of its competitors for the month of December, registering 45 billion transactions.

What do you think of Solana and the performance problems you’re facing? Tell us in the comments section below.

Sergio Goshchenko

Sergio is a cryptocurrency journalist based in Venezuela. Describing himself as a latecomer, he entered the crypto space when the price spike occurred during December 2017. Because he has a background in computer engineering, lives in Venezuela, and is influenced by the crypto boom on a social level, he offers a different perspective on the success of crypto and how it helps people who They do not deal with banks and the disadvantaged.

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