Solana

April

Base

Fantom

DuckCoin

Intermittent congestion on the Solana blockchain has forced several crypto projects to postpone their launches. Solana developers say they are&nbsp;<a href="https://cointelegraph.com/news/solana-devs-target-mid-april-to-fix-failed-transaction-dilemma">working on a fix by April 15</a>.&nbsp;
Users of the Solana blockchain reported increasing issues around network congestion and transaction errors over several weeks. New projects, especially those planning token launches, decided to hold off until the technical difficulties were resolved. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/8de2c101-e00b-46a5-9c97-062991af1f5a.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/Duck_sonala/status/1776503752239075551" target="_blank" rel="noopener nofollow">DuckCoin</a>
 </figcaption>
</figure>
Some Solana projects that waited for a congestion resolution included a <a href="https://cointelegraph.com/learn/what-are-nfts-and-why-are-they-revolutionizing-the-art-world">nonfungible token (NFT)</a> project, <a href="https://twitter.com/suit_up_sol/status/1777014491940524464" target="_blank" rel="noopener nofollow">Suit Up</a>, altcoin project DuckCoin and Solana staking rewards platform <a href="https://twitter.com/SurgeFinancexyz/status/1775936426288513338" target="_blank" rel="noopener nofollow">Surge Finance</a>. 
On April 6, Anza, a Solana-focused software development shop, laid out its plan to address the network congestion on its Solana validator client implementation, Agave. 
Initial investigations pointed to issues around QUIC implementation, a general-purpose transport layer network protocol, as the root cause. The developers said:
<blockquote data-ct-non-breakable="true">
 “Anza engineers, with other core contributors, have been working around the clock to diagnose and remedy bottlenecks and increase network performance. Expect more improvements and changes to roll out over the coming months.”
</blockquote>
At the time of writing, users have reported experiencing delayed sends for Solana’s SOL (<a href="https://cointelegraph.com/solana-price-index">SOL</a>) tokens on the crypto exchange Coinbase. 
According to the incident <a href="https://status.coinbase.com/incidents/6xmn090r02qq" target="_blank" rel="noopener nofollow">report</a>, Solana has been investigating the issue for over eight hours. However, the issues do not impact the trading and fiat withdrawal and deposit functionality.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/d6aa3450-fb61-4e31-bbf4-4c92c24d8d82.png" alt="" title="">
 <figcaption style="text-align: center;">
 Solana incident report for Coinbase. Source:&nbsp;status.coinbase.com
 </figcaption>
</figure>
Solana co-founder Raj Gokal previously said that “the failed transactions on Solana blockchain have nothing to do with scalability.”
Related: <a href="https://cointelegraph.com/news/solana-struggling-record-seventy-five-percent-trasnactions-fail-memecoin-mania">Solana struggles: Record 75% of user txs are failing... or are they?</a>
Amid growing criticism around transaction failures, Fantom network creator Andre Cronje has&nbsp;<a href="https://cointelegraph.com/news/fantom-ceo-defends-solana-amid-network-woes">expressed support for the Solana network</a>.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-04/a668111f-47e4-44a6-9eb9-437411dd708c.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://twitter.com/santiagoroel/status/1776420352274350484" target="_blank" rel="noopener nofollow">Santiago Roel Santos</a>
 </figcaption>
</figure>
According to Cronje, the ongoing congestion on Solana stems from the ecosystem’s rapid growth, which has increased demand for block space. Cronje stated that performance issues are technical challenges, not consensus mechanism flaws.
Cronje referred to the Solana network as a victim of success. The uptick in transaction failures was followed by a recent uproar from Solana users on social media, who complained of failed transactions and a degraded user experience.
Magazine: <a href="https://cointelegraph.com/magazine/base-meme-coins-scams-vulnerabilities-honeypot/">1 in 6 new Base memecoins are scams, 91% have vulnerabilities</a>

Solana project launches delayed due to extended network congestion

Cointelegraph

Другие статьи, опубликованные 9 апр. 2024 г.

Crypto Tycoon Mike Novogratz Alarmed by Potential Interest Rate Decisions

Sonic Wif Hat (SONICWIF) Is Now Available for Trading on LBank Exchange

Worldcoin Introduces New Privacy Measures and User Control Options

5 Altcoins Primed to Explode – The Next Crypto Revolution Awaits!

Ripple to launch stablecoin as Starknet lowers fees and NuggetRush thrives

NEAR-Cosmos Link via Octopus IBC

Join our free newsletter for daily crypto updates!