According to U.Today, Anatoly Yakovenko, co-founder of Solana, has recently spoken out about the difficulties the protocol has been experiencing with the processing of large transactions. Yakovenko confirmed that the bug causing network slowdowns has been identified and resolved, but warned that other necessary updates may not be as straightforward to implement.
Yakovenko explained that addressing bugs is often more challenging than maintaining the network's active operation. While the bug that caused the network slowdown has been fixed and can be easily integrated, dealing with congestion bugs is a different matter due to the processes required to implement a single update.
The Solana network has previously faced difficulties with transaction processing, particularly for meme coin farmers using the Raydium Pools. This is not the first time Solana has experienced network glitches, which have been a significant obstacle to the growth of the underlying SOL asset.
Despite some return to normalcy in the DeFi pools, Yakovenko emphasized the need for a more permanent solution. Like other blockchain networks, Solana is continually undergoing updates. This process involves passing the fixed patch through multiple channels and testing phases before launching on the mainnet, a process Yakovenko identified as a major challenge currently facing Solana. The need for updates to go through a full release and testing phase can slow down the resolution of network congestion issues.
In the midst of these challenges, the price of Solana has seen a decrease, falling by 6.7% in 24 hours to $172.05.