Solana

<ul><li>Solana introduces mainnet beta update v1.17.31 to address and mitigate network congestion issues, enhancing user transaction experience.</li><li>Validators were urged to adopt the new v1.17.31 update after extensive testing confirmed its stability and potential to reduce transaction delays.</li><li>Further improvements are anticipated in the upcoming v1.18 update, promising to streamline transaction scheduling and reduce network bottlenecks.</li></ul>Solana developers <a href="https://twitter.com/SolanaStatus/status/1779727821834686592" rel="noopener noreferrer nofollow">rolled out</a> the mainnet beta update v1.17.31. Following extensive testing over three days, the update has been greenlit for general use among mainnet beta validators. This release comes at a critical time as the Solana network strives to manage surging transaction demands and increased block space activity caused by a <a href="https://cryptotale.org/bitcoin-rebounds-above-67k-amidst-fomc-volatility-memecoins-surge/" rel="noopener noreferrer nofollow">memecoin trading spike</a>.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/ad14a246adf6489486061b94ade794da.png" />The v1.17.31 update <a href="https://github.com/solana-labs/solana/releases/tag/v1.17.31" rel="noopener noreferrer nofollow">introduces</a> several technical enhancements that promise to streamline network operations and reduce transaction failures, which had reached a 75% failure rate due to the congestion. Key changes include improved handling of staked versus non-staked packets, optimized memory allocation within the QUIC protocol, and a refined BankingStage Forwarding Filter. These adjustments aim to prioritize transactions from validators with higher stakes, effectively reducing spam and mitigating malicious activity on the network.<a href="https://cryptotale.org/solana-mainnet-beta-update-v1-17-31-targets-network-congestion/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Solana Mainnet Beta Update v1.17.31 Targets Network Congestion

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