Version

Solana

April

Status

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Solana has just released an update to tackle the ongoing congestion on the Solana Network.</li> 
 <li>The v1.17.31 release is recommended for general use by MainnetBeta validators.</li> 
</ul> 
Solana has finally rolled out an update that promises to tackle the network congestion. 
On its account on X, the Solana team announced that the v1.17.31 release is now recommended for general use by MainnetBeta validators. 
Validators are entities that run nodes or software that confirm transactions and secure the blockchain network. They need to continually upgrade their node to the latest releases in order to deal with any potential issues that may arise on the network. 
The release includes enhancements that will help tackle the problem of the continuous congestion on the Solana Network that users have been addressing recently. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. 
 — Solana Status (@SolanaStatus) <a href="https://twitter.com/SolanaStatus/status/1779727821834686592?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 15, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Congestion issues have been recently plaguing the network amidst the meme coin frenzy that arrived in the crypto industry. The result was a bump in user activity, which led to a really high demand for the network. 
Version 1.17.31 is the first one in a series of more planned updates that will address the network congestion in recent months. 
<h2 id="what-s-new-in-solana-s-upgrade-v1-17-31">What’s new in Solana’s upgrade v1.17.31?</h2> 
Rex St John, Anza’s head of developer relations, addressed the features of this update via a message on X. 
Anza is a Solana-focused dev-shop building the Solana client Agave, developer tools, and more. 
He said that the rollout includes the first round of Solana mainnet congestion updates, which users have been waiting for. He also highlighted that this is not version 1.18, which will come later on with even more updates. 
Regarding the changes that the latest version brings, these refer to showing staked vs nonstaked packets sent down/throttled. 
Also, the update tightens the minimal streams per 100ms for staked node, and it will treat super low staked as unstaked in streamer QOS, among others. 
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"> 
 This contains the first round of <a href="https://twitter.com/solana?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@solana</a> mainnet congestion updates which everyone has been waiting for from <a href="https://twitter.com/anza_xyz?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@anza_xyz</a>. There are additional updates coming. 
 It is important to note this is NOT v1.18, which will have further improvements. <a href="https://t.co/gx7ZG6R5GI" rel="nofollow" target="_blank">https://t.co/gx7ZG6R5GI</a> <a href="https://t.co/tkm9DqgxDZ" rel="nofollow" target="_blank">pic.twitter.com/tkm9DqgxDZ</a> 
 — Rex St. John (man/let) (@rexstjohn) <a href="https://twitter.com/rexstjohn/status/1779730912269500836?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">April 15, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Solana has been plagued by<a href="https://crypto.ro/en/news/solana-ecosystem-faces-issues-due-to-failed-transactions/"> congestion issues</a> amidst the memecoin frenzy when transactional volumes reached up to<a href="https://defillama.com/chain/Solana?volume=true&amp;tvl=false" rel="nofollow noopener" target="_blank"> $4 billion</a> last month. The usual number was $500 million per day back in 2023. 
<a href="https://twitter.com/0xMert_" target="_blank" rel="nofollow noopener">CEO of Helius Labs</a>, a firm that offers back-end support exclusively to the Solana network, Mert Mumtaz, recently said that the current issue of Solana is not a design flaw but an implementation bug. 
Developers <a href="https://crypto.ro/en/news/solana-to-get-fix-for-implementation-bug-on-april-15/">promised an update</a> for today, and fortunately, it’s here and ready to be rolled out by validators. 
<figure id="attachment_39213" aria-describedby="caption-attachment-39213" style="width: 100%" class="wp-caption alignnone">
 <a href="https://coinmarketcap.com/currencies/solana/" rel="nofollow noopener" target="_blank"><img loading="lazy" decoding="async" class="wp-image-39213 size-full" src="https://crypto.ro/en/wp-content/uploads/2024/04/SOL_1D_graph_coinmarketcap-1-1.jpg" alt="SOL price" width="700" height="475" title="Solana's New Release Fixes Network Congestion 7" srcset="https://crypto.ro/en/wp-content/uploads/2024/04/SOL_1D_graph_coinmarketcap-1-1.jpg 700w, https://crypto.ro/en/wp-content/uploads/2024/04/SOL_1D_graph_coinmarketcap-1-1-300x204.jpg 300w" sizes="(max-width: 700px) 100vw, 700px"></a>
 <figcaption id="caption-attachment-39213" class="wp-caption-text">
 SOL price
 </figcaption>
</figure> 
Users hope to see the Solana ecosystem back on track following the upgrade. At the moment of writing this article, SOL is trading in green, at $153, up by more than 7% in the past 24 hours on <a href="https://coinmarketcap.com/currencies/solana/" rel="nofollow noopener" target="_blank">CoinMarketCap</a>.

Solana’s New Release Fixes Network Congestion

Table of Contents

crypto.ro global

Άλλα άρθρα που δημοσιεύτηκαν στις 15 Απρ 2024

Bitcoin Halving Predicted to Prompt Substantial Miner Sales

Arthur Hayes: 'That Was The Dip, Now We Rip,' Asks 490K Followers What Coins To Buy

10x Research Says Bitcoin Miners To Dump $5 Billion Worth of BTC – Altcoin To Drop

Solana Meme Coins: Whales Buying Millions of MEW & SLERF

Based Monkey Puppet Goes Live on Base Chain with Vision to Reward Content Creators

Key Crypto Events Including GCR Classic’s Comeback, Jupiter Announcement And Others

Join our free newsletter for daily crypto updates!