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⚠️ Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. 🟣 Anza Calls for Central Scheduler Testing on Solana Solana engineers are testing one of their definitive weapons to fight network congestion. Anza, a group of software developers behind the Solana client, has recommended the implementation of Agave v1.18.12 into the network’s devnet and testnet. The new version includes one of the most expected features for fixing the congestion that the blockchain has experienced for over a month. The central scheduler, which will enable higher fee collection and fewer conflicting transactions, comes disabled by default. Nonetheless, Anza is calling on validators to enable it and examine its performance. 🟣 Anza stated: 🔺 Our internal tests are promising, but the extent of the improvement needs to be fully evaluated by validators in production. 🔺 Theoretically, adopting this central scheduler should help more transactions move through Solana, given that it makes the client a lot smarter by avoiding the lock-up of conflicting transactions. This is because the scheduler establishes the order in which transactions are assigned for processing, optimizing the network’s operation. Limited test data provided by Anza indicates that implementing this new scheduler allows for up to 80% higher fee collection when compared to the prior scheduler. However, devs acknowledge that “until widely deployed and adopted by the network, it will be impossible to say for sure what the performance characteristics will be.” This month, Anza has been testing and implementing different measures to alleviate the high level of failed transactions that the network was experiencing. $SOL #SOL #Solana

⚠️ Solana Advances Congestion-Alleviating Central Scheduler Feature to Testnet

Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality.

🟣 Anza Calls for Central Scheduler Testing on Solana

Solana engineers are testing one of their definitive weapons to fight network congestion. Anza, a group of software developers behind the Solana client, has recommended the implementation of Agave v1.18.12 into the network’s devnet and testnet. The new version includes one of the most expected features for fixing the congestion that the blockchain has experienced for over a month.

The central scheduler, which will enable higher fee collection and fewer conflicting transactions, comes disabled by default. Nonetheless, Anza is calling on validators to enable it and examine its performance.

🟣 Anza stated:

🔺 Our internal tests are promising, but the extent of the improvement needs to be fully evaluated by validators in production. 🔺

Theoretically, adopting this central scheduler should help more transactions move through Solana, given that it makes the client a lot smarter by avoiding the lock-up of conflicting transactions. This is because the scheduler establishes the order in which transactions are assigned for processing, optimizing the network’s operation.

Limited test data provided by Anza indicates that implementing this new scheduler allows for up to 80% higher fee collection when compared to the prior scheduler. However, devs acknowledge that “until widely deployed and adopted by the network, it will be impossible to say for sure what the performance characteristics will be.”

This month, Anza has been testing and implementing different measures to alleviate the high level of failed transactions that the network was experiencing.

$SOL #SOL #Solana

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⚠️ Impact on Cryptocurrency Market Trends Recent turbulence in the financial markets, especially in the United States where efforts to combat inflation seem to be faltering, has had a pronounced effect on cryptocurrency investments and the Securities and Exchange Commission (SEC) has been increasingly active with new lawsuits in the crypto sphere. This shift has raised questions about the current status and the future direction of cryptocurrencies, particularly Bitcoin and altcoins. 🔸 Current Bitcoin Market Conditions Bitcoin’s price demonstrated a slight decrease over the last 24 hours, recording a price of $60,600 after a high of $61,190. The trading volume across exchanges dipped below $40 billion, indicating a potential hesitance among investors. This apprehension might lead to more pronounced losses in altcoins should Bitcoin’s price drop rapidly. 🔸 What’s Next for Altcoins? The market value of altcoins excluding the top ten has seen an 18% decline in the past month, dropping to a market cap of $264 billion. This substantial decrease highlights widespread panic selling among investors. Crypto analysts have mixed views, with some predicting a turn towards an upward trend soon based on historical market behaviors and key technical indicators like EMA20 and RSI. 🔸 Key Insights for Investors ▫️ Monitoring EMA20 and RSI for potential bullish signals in the altcoin market. ▫️ Paying attention to Bitcoin’s market dominance as its reduction might favor altcoins. ▫️ Considering the impact of SEC’s actions and macroeconomic factors on market sentiment. Analysts remain cautiously optimistic about a recovery, pointing to potential indicators that could herald the beginning of a rally. However, Bitcoin’s dominance at 54.7% needs to decrease to give room for altcoins to thrive. The market’s next moves will be critical in determining the trajectory for the near future of cryptocurrencies. $BTC #BTC #altcoins
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⚠️ Terra Luna Classic (LUNC), USTC Removed From Luna Foundation Guard Terra Luna Classic ecosystem tokens recorded a massive surge in prices on Saturday as 1.85 billion USTC and 222 million LUNC tokens in the Luna Foundation Guard were removed from the circulating supply. LUNC price skyrocketed over 10% and USTC price rose 18% within a few hours, but pared earlier gains soon. 🔸 Luna Foundation Guard’s LUNC and USTC Circulating Supply 1.85 billion USTC and 222 million LUNC tokens were taken out of Luna Foundation Guard’s wallet address ********szx3nw. The move comes as the account has been dormant for almost 2 years. As a result, USTC circulating supply is now down to 7.1 billion. Crypto assets held by team, foundation, treasury, escrow funds are not counted in circulating supply. “Assets that are locked (via smart contracts or legal contracts), allocated to insiders (e.g. teams or private investors), or not sellable on the public market are generally not regarded as circulating, regardless of whether they are unlocked,” as per CoinMarketCap. These numbers reflect adjustments and not actual removals from circulation. Some LFG funds were miscounted as belonging to circulating supply. 🔸 LUNC and USTC Prices Skyrocket LUNC and USTC prices skyrocketed as the news sparked buying in the community due to a decrease in supply. But as the developments became clear to the community the prices started to pullback. The Terra Luna Classic community seeks to burn USTC and LUNC in the LFG wallet to reflect in total supply, but it was just adjustments and not actual removals from circulating supply. LUNC price is currently up 4%% over the last 24 hours, with the price currently trading at $0.0001062. The 24-hour high and low are $0.0001020 and $0.0001129, respectively. Meanwhile, USTC price also jumped 7% in the last 24 hours, with the price currently trading at $0.0235. The 24-hour low and high are $0.0215 and $0.0251, respectively. Moreover, the trading volume has increased by 118% in the past 24 hours. $LUNC #LUNC #TerraLabs
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