THIS $SOL UPDATE PUMPED ITS PRICE! 🚀 What, Why & How 🤔👇

Solana has finally decided to address its main problem that has significantly impacted its network in recent weeks. In fact, as I mentioned in my previous article, SOL's data showed up to 70% of transactions failures and as a consequence, an update occurred! In order to fix the network congestion, Solana has released the v1.17.31 update. This aims at reducing failed or delayed transactions. But how actually work? I'll try to simplify it as much as I can:

- It now optimizes the way data chunks are grouped together while reducing unnecessary memory usage

- A new filter has been added to improve the way transactions are processed

- It now adjusts the network settings to prioritize staked nodes

- It treats nodes with a very low staking as if they're not staked to improve network efficiency

Following this development, it looks like SOL's Price reacted positively but personally I would be still in alert according to the recent geopolitical news. Also, although this update, I still believe that Solana requires layers 2 solutions to handle more transactions simultaneously!

STAY TUNED! 💪

#solananews #SolanaUpdate #SolanaPrice #SolanaPriceSurge #SolanaCommunity