Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months.
Solana Facing Throughput Issues
Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it to drop certain transactions. The report was issued by the Solana Status Twitter account of the project, which informed users of the situation yesterday.
The account explained:
[The network is experiencing] degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to increased loading and transaction processing times, and some failed transactions.
This report was posted on January 6, 16:11 UTC and at the time of writing, the issue has not yet been solved. It was also reported that the developers were working to address these issues and solve the problem.
Woes Aplenty
This is not the first time that the network has faced this kind of issue. The first incident of this kind — that affected the block production of the Solana validators — happened on September 14, when the Solana blockchain slowed almost to a crawl due to a resource exhaustion problem, according to the Solana Status account
The blockchain then faced another problem on December 4, when the whole network was stopped, and engineers had to restart it for it to work appropriately again. At that time, the network was halted for approximately 5 hours, with no transactions or blocks being issued during this period.
The project has faced other kinds of issues with congestion due to the release of specific projects that have also crowded the network, as occurred on December 13 when the launch of a project called Solchicks affected the stability of the blockchain.
Then again on January 4th, there were reports about Solana facing a DDoS attack via spam transactions. However, these reports were debunked by Anatoly Yakovenko, co-founder of Solana, who stated that “there was some congestion due to mismetered transitions, and some users experienced their txs timing out and had to retry.”
However, even with all these problems, the total number of Solana transactions outpaced that of its rivals for December, registering 45 billion transactions.
What do you think about Solana and the performance problems it’s been facing? Tell us in the comments section below.
Check live crypto rates here
Start trading today – See our list of exchanges
Exceptional post but I was wanting to know if you could write a
litte more on this topic? I’d be very thankful if you could elaborate
a little bit further. Kudos!
My brother recommended I would possibly like this website.
He used to be totally right. This publish actually made my day.
You can not believe just how a lot time I had spent for this information!
Thanks!
I am truly happy to glance at this webpage posts which consists of tons
of valuable data, thanks for providing these statistics.
Thanks for sharing your thoughts. I truly appreciate your efforts and I will be waiting for
your further write ups thanks once again.
Every weekend i used to pay a visit this web page, for the reason that i wish for enjoyment, since
this this web site conations really fastidious funny stuff too.
I was able to find good info from your content.
You actually make it seem so easy with your presentation but I
find this topic to be really something that I think I would never
understand. It seems too complicated and very broad for me.
I am looking forward for your next post, I will try to get the hang of it!
Very great post. I simply stumbled upon your
blog and wished to say that I’ve truly loved surfing around
your blog posts. After all I will be subscribing in your rss
feed and I am hoping you write again very soon!
These are actually fantastic ideas in on the topic of blogging.
You have touched some fastidious factors here. Any way keep
up wrinting.
Hi! Someone in my Facebook group shared this website with
us so I came to look it over. I’m definitely loving the information. I’m bookmarking and
will be tweeting this to my followers! Exceptional blog and brilliant
style and design.