A update mainnet beta Solana (SOL), v1.17.31, was released by blockchain developers in order to resolve recurring network congestion on the Solana blockchain.
According to a document released by the developers, this patch includes some improvements to the blockchain that are intended to help with continually identified congestion on the network and should be followed by additional improvements in v1.18.
The developers released the v1.17.31 update on April 12th and, after three days of testing, those responsible recommended it for use by mainnet beta validators.
The Solana network, known for its speed and efficiency, has been experiencing significant congestion in recent days. This scenario has resulted in delays and failures in user transactions, generating a wave of concerns and debates within the cryptocurrency community.
With the new feature, the aim is to improve congestion on the Solana network, as well as problems related to jumping open contracts. According to update, key points include: Show staked versus unstaked packets sent/throttled; Fast: use smallvec to aggregate chunks, save 1 allocation per bundle; BankingStage forwarding filter; Squeeze minimum flows for 100 ms for staked node; Treat super low stakes as not wagered on the streamer's QOS; Standard staked client on LocalCluster.
Solana (SOL) Prepares for Recovery After Congestion Challenges
Recently, the S blockchainolana faced serious congestion challenges which led to a transaction failure rate of over 75%. The situation resulted in a 7,8% drop in the price of its cryptocurrency, SOL, generating concerns among users about the stability of the network. However, industry analysts are optimistic about an imminent recovery in the token's value.
Bluntz, a renowned cryptocurrency analyst, suggests that Solana may have already reached its lowest point during the recent crisis. According to him, the SOL price would likely reach $160 before starting a recovery.
