Solana

April

Phantom

Solana developers are gearing up for a crucial update scheduled for April 15 aimed at resolving the pressing issue of network congestion. This move comes in the wake of transaction <a href="https://bitcoinist.com/solana-existential-moment-co-founder-speaks-out/" target="_blank" rel="noopener ">failures skyrocketing</a> due to an “implementation bug” as elucidated by Mert Mumtaz, CEO of Helius Labs. Helius Labs is at the forefront of providing backend support exclusively to the network, playing a pivotal role in its ongoing maintenance and enhancement. 
<h2 id="solana-congestion-soon-over">Solana Congestion Soon Over?</h2> 
Mumtaz has <a href="https://twitter.com/0xMert_/status/1777400489488900102" target="_blank" rel="noopener nofollow">clarified</a> that the root cause of the current debacle is not inherent to the design of Solana but stems from a flaw in the implementation of a specific protocol. “Solana’s current issue is not a design flaw, it’s an implementation bug,” Mumtaz stated, emphasizing the distinction between design errors, which are fundamental, and implementation errors, which are often more manageable and rectifiable. 
“It’s crucial to understand the difference between a design flaw and an implementation bug. The latter can be fixed more easily and doesn’t indict the fundamental architecture of Solana,” Mumtaz stated in a detailed X post. 
The issue at hand revolves around the network’s implementation of QUIC, a data transfer protocol originally developed by Google, which has exhibited deficiencies impacting the networks’ throughput and reliability. To elucidate, Mumtaz offered an analogy: “If a BMW model has steering problems, it doesn’t mean all cars are flawed. Similarly, Solana’s challenge is not with its core design but with a specific implementation aspect of it.” 
In a comment that resonates with Mumtaz’s perspective, SOL researcher Richard Patel noted, “Our investigation indicates that alternative implementations like Firedancer do not share the same vulnerabilities. This confirms our belief that the solution requires a targeted approach rather than a complete overhaul.” 
As the community looks forward to the April 15 update, Mumtaz cautioned, “Obviously, if additional issues are discovered in testing, this might get delayed.” 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 (obviously, if additional issues are discovered in testing, this might get delayed) 
 — mert | helius.dev (@0xMert_) <a href="https://twitter.com/0xMert_/status/1777414207564116213?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 8, 2024</a>
</blockquote> 
The backdrop to this network strain is a significant uptick in spam transactions and a <a href="https://bitcoinist.com/ethereum-founder-buterin-whatmemecoins-could-be/" target="_blank" rel="noopener ">memecoin craze</a>, which has overwhelmed Solana’s processing capabilities. The Phantom wallet and other applications have alerted users to anticipate delays, underscoring the urgency of the congestion issue. 
Matt Sorg, associated with the Solana Foundation, shed light on the network’s architecture, which processes transactions directly without a mempool, akin to internet IP endpoints. “This direct dispatch model, while efficient, is vulnerable to spam overload, resulting in transaction dropouts. It’s a nuanced issue we’re addressing head-on,” Sorg <a href="https://twitter.com/tamgros/status/1776396573393527253" target="_blank" rel="noopener nofollow">revealed</a> on X. 
Solana’s development team is reportedly working on multiple fronts to navigate out of these congested waters, including software patches and system updates aimed at bolstering network capacity and resilience. The forthcoming 1.18 update is particularly anticipated for its promise to enhance transaction scheduling and reduce bottlenecks. 
An additional measure to improve network functionality involves the adoption of dynamic priority fees in decentralized applications (<a href="https://bitcoinist.com/coinbase-base-opens-doors-featuring-100-dapps/" target="_blank" rel="noopener ">dApps</a>) on Solana. “Incorporating priority fees is pivotal for optimizing transaction processing and user experience,” a March blog post from Solana Labs <a href="https://solana.com/news/block-optimization-on-the-solana-network" target="_blank" rel="noopener nofollow">articulated</a>. 
At press time, SOL traded at $176. 
<img loading="lazy" decoding="async" class="size-full wp-image-293034" src="https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472" alt="Solana price" width="1024" height="472" srcset="https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=3628 3628w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=640 640w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=768 768w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=980 980w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=1536 1536w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=2048 2048w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=750 750w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=1140 1140w, https://bitcoinist.com/wp-content/uploads/2024/04/SOLUSD_2024-04-09_09-07-02.png?resize=1024%2C472?w=3000 3000w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1">

Solana Devs Set Sights On April 15 To Fix Network Congestion

Mục lục

Bitcoinist

Các bài viết khác được xuất bản trên 9 thg 4, 2024

FTX Estate Sells Over Half Its Solana Holdings at 63% Discount, Raising $1.9 Billion

NuggetRush, Dogwifhat, or Arbitrum: Which coins should you add to your portfolio?

Experts Predict Bitcoin Price Crash If BTC Repeats This Pattern

Solana-based NFT Marketplace Tensor’s TNSR Token Gains Traction With Major Exchange Listings

New Meme coin Rallies 3500%, Exchange Listings Expected; Is It the Next SHIB?

Bitcoin boosts the market: A whopping $13.5 billion inflow in 2024

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!