What's Hot

    VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News

    26/05/2022

    Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

    26/05/2022

    ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News

    26/05/2022
    Facebook Twitter Instagram
    • Polls
    • Questions
    Thursday, May 26
    Trending
    • VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News
    • Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why
    • ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News
    • Former Binance executives launch $100 million venture fund
    • Will It Rise In The Future?
    • What is WinkLink? Is WINK Coin a Good Investment in 2022?
    • Enhance Basic Tech Capacity & Provide All-encompassing Products & Services
    • No Tax Amnesty for Russian Crypto Miners as Lawmakers Withdraw Proposal – Mining Bitcoin News
    Login
    Weekly Crypto | Designed by Koios students Weekly Crypto | Designed by Koios students
    • Home
    • Live chart
    • Koios
    • Join Discord!
    • Account
      • Register
      • Login
      • My Account
      • My Posts
    Weekly Crypto | Designed by Koios students Weekly Crypto | Designed by Koios students
    Home»Business»Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network – Bitcoin News
    solana
    Business

    Solana Formally Acknowledges Problems With ‘High Compute’ Transactions Clogging the Network – Bitcoin News

    adminBy admin08/01/2022No Comments4 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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.

    sergio@bitcoin.com'
    Sergio Goschenko

    Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

    Image Credits: Shutterstock, Pixabay, Wiki Commons

    Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

    More Popular News

    In Case You Missed It





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    admin
    admin
    • Website

    Related Posts

    VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News

    26/05/2022

    Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

    26/05/2022

    ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News

    26/05/2022

    Former Binance executives launch $100 million venture fund

    26/05/2022
    Add A Comment

    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    Latest News

    VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News

    26/05/2022

    Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

    26/05/2022

    ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News

    26/05/2022

    Your source for the serious weekly crypto news.

    Discord
    Top Insights

    VAST Completes Private Investment Round as It Readies to Launch First-Ever EngageFi™ NFT Platform – Press release Bitcoin News

    26/05/2022

    Spooky Solana breakdown begins with SOL price facing a potential 45% drop — Here’s why

    26/05/2022

    ETH Hits 2-Week Low, Following Move Below $1,900 – Market Updates Bitcoin News

    26/05/2022
    • Digital Marketing Bureau Chapter73
    • Mavic Studio Professionele Drone Fotografie
    © 2022 Weekly Crypto. Designed by students of Koios.

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Lost password?

    Register Now!

    Already registered? Login.

    A password will be e-mailed to you.