Will SOL recover? ๐ง
๐ Solana developers intend to solve the problem with non-execution of transactions on April 15, 2024. At the same time, the team noted that the date of fixes implementation may be postponed during testing of the upcoming update.
๐ Last month, some Solana users started complaining about network glitches. They have been experiencing an increasing number of errors during transaction execution. The problem has gained momentum over time and between April 4 and April 5, 2024, about 77% of all transactions of this type failed to complete.
๐ A number of analysts noted that the increased failures have a connection to increased user activity amid the memcoin rally. Fantom Foundation co-founder Andre Cronje supported the developers and said that the cause of the problem lies in the increased demand for blockchain.
๐ Mert Mumtaz, an active supporter of Solana and CEO of the Helius project, published a post on social network X (formerly Twitter) in which he talked about preparing a patch with the update. According to him, the team has already discovered the network bottleneck.
๐ It is about the implementation of QUIC data transfer protocol, which is responsible for informing all nodes about the current state of the blockchain. However, Mumtaz noted that the problem is not a flaw in Solana's design. He described it as a failure to implement a separate part of the project.
"Solana uses a network protocol called QUIC. The implementation of this protocol currently has certain difficulties and errors. However, this does not mean that the blockchain has a design flaw, it just indicates that this part of the design is not properly implemented," Helius CEO said.
๐ In addition, Mumtaz noted that Solana suffers from other problems. Among them, he cited economic factors that need to be taken into account in the long term. However, the issue of QUIC implementation is at the top of the list and should be resolved soon, Mumtaz emphasized.
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