Solana

2024

Agave

April

Phantom

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/solana-blockchain-grapples-with-overload-from-rising-spam-transactions" rel="noopener noreferrer nofollow">Solana Blockchain Grapples with Overload from Rising Spam Transactions</a><br></p>
<p style="text-align: justify">The <a href="https://en.bitcoinhaber.net/mev-arbitrage-bot-nets-1-8-million-in-a-single-solana-transaction" rel="noopener noreferrer nofollow">Solana</a> <a href="https://en.bitcoinhaber.net/challenges-and-outages-in-the-ethereum-layer-2-network-a-look-into-arbitrum-one" rel="noopener noreferrer nofollow">Blockchain</a> is currently grappling with significant congestion, largely due to the influx of spam transactions. Wallet applications such as Phantom on the Solana platform are impacted, leading to delayed transaction processing and cancellations. The development team is actively discussing solutions to mitigate the bottlenecks and improve network performance.</p>
<h2 id="spam-transactions-clog-solana-s-network">Spam Transactions Clog Solana’s Network</h2>
<p style="text-align: justify">The primary cause of the Solana network’s congestion is an uptick in spam transactions and bot activity, which is pushing the network’s limits. The problem escalated with the launch of new memecoins, resulting in high demand for Solana’s block space and hindering access for many users. The first part of 2024 witnessed a surge in memecoin transactions on Solana’s decentralized exchanges, a sign that the platform is attracting new users due to its cost-effective transaction fees, but this growth comes at the expense of increased spam activity.</p>
<h2 id="development-team-tackles-congestion">Development Team Tackles Congestion</h2>
<p style="text-align: justify">The Solana Foundation’s technology leader, Matt Sorg, likened the blockchain’s structure to internet infrastructure, noting the decentralized processing of transactions. However, he acknowledged that the spike in spam transactions could overwhelm the system. The development team is deploying software updates to address the congestion issues, with an important update, version 1.18, slated for April to improve transaction scheduling and alleviate network strain.</p>
<h3 id="implications-for-the-reader">Implications for the Reader</h3>
<ul>
 <li>Users of the Solana network may experience transaction delays and should plan for longer processing times.</li>
 <li>Developers should anticipate and prepare for upcoming updates, such as the version 1.18 release.</li>
 <li>Those using dApps on Solana should be aware of the potential integration of dynamic priority fees as a solution.</li>
</ul>
<p style="text-align: justify">Furthermore, Solana’s team is looking to refine the network’s infrastructure to combat current issues. Solana’s Agave validator client, Anza, will implement fixes for the QUIC implementation, aiming to boost client performance in high-traffic conditions. Additionally, the adoption of priority fees in applications on Solana, a topic detailed in a March blog post by Solana Labs, is expected to significantly enhance user experiences by reducing the impacts of congestion.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/solana-blockchain-grapples-with-overload-from-rising-spam-transactions" rel="noopener noreferrer nofollow">Solana Blockchain Grapples with Overload from Rising Spam Transactions</a></h5>

Solana Blockchain Grapples with Overload from Rising Spam Transactions

Table of Contents

BH NEWS

Другие статьи, опубликованные 8 апр. 2024 г.

SEABW Reveals Exciting Speaker Lineup and Demo Day for Web3 Builders and Investors

Cryptocurrency Long position vs Short Position: What’s the Difference?

Bitcoin Climbs Above $69,500 With Key Trading Developments on the Horizon

Altcoins Aim Higher as Bitcoin’s Price Surge Influences Market Trends

Bitcoin Poised for Explosive Growth, Predicts Crypto Expert TechDev

How Did Bitcoin (BTC) Price React on the Halving Day?

Join our free newsletter for daily crypto updates!