🔥🔥🔥 #Solana Rolls Out #update to Tackle Network Congestion
The Solana network has been grappling with congestion issues in recent months, exacerbated by a surge in activity driven by the meme coin frenzy, resulting in unprecedented demand.
Solana developers have announced a new software update aimed at addressing the congestion problem on the popular #Blockchain . According to a post on X, the v1.17.31 release is now recommended for general use by MainnetBeta validators. This update includes enhancements designed to alleviate the ongoing congestion on the Solana Network.
Validators, the entities responsible for running nodes or software that confirms transactions and secures the blockchain network, are urged to upgrade their nodes to the latest release to address any issues that may arise.
The surge in user activity, fueled by the meme coin frenzy, led to congestion on the network, with transactional volumes reaching as high as $4 billion in March, a significant increase from the usual figures of under $500 million per day in 2023.
One of the contributing factors to the congestion was the increased use of bots, which resulted in a spike in "failed" transactions on the network. These "fail" transactions occurred when smart contracts flagged certain transactions as "bad requests," despite being successfully submitted to the Solana network.
The final version of the update prioritizes transactions from validators with a substantial stake to node leaders, where transactions are confirmed. This prioritization ensures that validators with higher stakes receive a higher quality of service, preventing lower-quality validators from maliciously flooding the network with transactions.
Source - coindesk.com