#write2earn #Solana Network Update: Tackling #Congestion & Enhancing Performance #solanaUpdate #Solanaseason $SOL

Version 1.17.31 marks the beginning of a planned series of updates aimed at tackling recent network congestion issues.

The Solana network has been grappling with congestion problems over the past few months, particularly amidst the surge in popularity of meme coins, which led to a sharp increase in user activity and a significant rise in demand for network resources.

Solana developers have announced a new software update designed to address these congestion issues, which is now recommended for general use by mainnet validators. This update, labeled v1.17.31, contains improvements aimed at easing the ongoing congestion on the Solana Network.

Rex St John, head of developer relations at Anza, the team behind Monday's update, emphasized that this release is just the first step in a series of planned updates to mitigate network congestion.

Validators, responsible for running nodes or software to confirm transactions and secure the blockchain network, play a crucial role. They must regularly update their nodes to newer releases to effectively manage any issues that may arise during network operation.

The surge in user activity, particularly driven by meme coin trading, led to a spike in transactional volumes, reaching as high as $4 billion in March compared to the typical figures of under $500 million per day in 2023.

The increased usage of bots also contributed to a rise in "failed" transactions on the Solana network. These failed transactions were flagged by smart contracts as "bad requests," despite being successfully submitted to the network.

To address these challenges, the final version of the update prioritizes transactions from reputable validators with significant stakes. This prioritization ensures that validators with higher stakes receive better service quality, preventing lower-quality validators from maliciously overwhelming the network with transactions.