Solana is the top ten cryptocurrency supporting smart contracts by market capitalization, and it admits that it is facing a series of problems that hinder its network performance. The official account of the network status, as well as the status page, reported the incident yesterday. This is the latest issue Solana has faced after experiencing several network outages in the past few months.
Solana faces throughput issues
Solana, a cryptocurrency that supports smart contracts, has officially admitted that its network is suffering from performance issues that affect system throughput and cause it to abandon certain transactions.The report is release Through the project’s Solana Status Twitter account, users were informed yesterday.
The account explained:
[The network is experiencing] The performance degradation due to the increase of high-computing transactions reduces the network capacity to thousands of transactions per second. This leads to increased loading and transaction processing time, as well as some failed transactions.
This report was published at 16:11 UTC on January 6th. At the time of writing, this issue has not been resolved. According to reports, developers are working hard to resolve these issues and resolve the issues.
Misfortune never comes singly
This is not the first time the network has encountered such problems. The first such incident-affecting the block production of Solana validators- happened According to the Solana Status account, on September 14th, due to resource exhaustion, the Solana blockchain was almost as slow as a crawl
Blockchain then faces another problem On December 4, when the entire network stopped, engineers had to restart it to work normally again. At that time, the network was suspended for about 5 hours, during which no transactions or blocks were issued.
Due to the release of a specific project, the project also faced other types of congestion issues, which were also crowded with the network, as happened on December 13 emission A project called Solchicks affected the stability of the blockchain.
Then on January 4, there was Report About Solana facing DDoS attacks through spam transactions. However, these reports were debunked by Solana’s co-founder Anatoly Yakovenko. statement “Due to the conversion of incorrect metering, some congestion occurred and some users experienced their txs timeout and had to try again.”
However, even with all these issues, Solana’s total number of transactions in December still exceeds that of its competitors. register 45 billion transactions.
What do you think of Solana and the performance issues it faces? Tell us in the comments section below.
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