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.
Some Solana projects that waited for a congestion resolution included a nonfungible token (NFT) project, Suit up, altcoin project DuckCoin and Solana staking rewards platform Surge Finance.
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:
“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.” lockquote>
At the time of writing, users have reported experiencing delayed sends for Solana (SOL) tokens on the crypto exchange Coinbase.
According to the incident report, Solana has been investigating the issue for over eight hours. However, the issues do not impact the trading and fiat withdrawal and deposit functionality.
Solana incident report for Coinbase. Source: status.coinbase.com
Solana co-founder, Raj Gokal, previously said that “the failed transactions on Solana blockchain) have nothing to do with scalability.”
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.
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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.
Some Solana projects that waited for a congestion resolution included a nonfungible token (NFT) project, Suit up, altcoin project DuckCoin and Solana staking rewards platform Surge Finance.
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:
“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.” lockquote>
At the time of writing, users have reported experiencing delayed sends for Solana (SOL) tokens on the crypto exchange Coinbase.
According to the incident report, Solana has been investigating the issue for over eight hours. However, the issues do not impact the trading and fiat withdrawal and deposit functionality.
Solana incident report for Coinbase. Source: status.coinbase.com
Solana co-founder, Raj Gokal, previously said that “the failed transactions on Solana blockchain) have nothing to do with scalability.”
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.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
