Solana Officially Acknowledges Problems With ‘High Compute’ Transactions Clogging The Network – Bitcoin News

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Solana, one of the top ten smart contract-enabled cryptocurrencies by market cap, admitted that it faces a series of issues hampering the performance of its network. The official network status report, as well as the status page, reported this incident yesterday. This is the latest problem Solana is facing after experiencing several network outages over the past few months.

Solana facing flow problems

Solana, a smart contract compatible cryptocurrency, has officially acknowledged that its network suffers from performance issues affecting system throughput and causing it to abandon certain transactions. The report was released by the project’s Solana Status Twitter account, which informed users of the situation yesterday.

The account explained:

[The network is experiencing] degraded performance due to an increase in high compute transactions, which reduces network capacity to several thousand transactions per second. This results in increased transaction loading and processing times, as well as some transactions failing.

This report was released on January 6 at 4:11 p.m. UTC and at the time of writing the issue has not yet been resolved. It was also reported that the developers are working to fix these issues and fix the issue.

Misfortunes in abundance

This is not the first time that the network has faced this kind of problem. The first such incident – which affected the block production of the Solana validators – happened on September 14, when the Solana blockchain slowed to almost a frantic pace due to a resource depletion issue, according to the Solana Status account.

The blockchain then faced another problem on December 4, when the entire network was shut down, and engineers had to restart it to get it working properly again. At that time, the network was down for approximately 5 hours, with no transactions or blocks issued during that time.

The project faced other types of congestion issues due to the release of specific projects that also congested the network, as happened on December 13 when the launch of a project called Solchicks affected the blockchain stability.

Again, on January 4, there were reports that Solana was facing a DDoS attack via spam transactions. However, these reports were debunked by Anatoly Yakovenko, co-founder of Solana, who said that “there was some congestion due to poorly measured transitions, and some users saw their tx expire and had to try again.”

However, even with all these issues, Solana’s total number of transactions exceeded that of its competitors for December, registering 45 billion transactions.

What do you think of Solana and the performance issues she faces? Tell us in the comments section below.

Sergio goschenko

Sergio is a Venezuela-based cryptocurrency journalist. He describes himself as late in the game, entering the cryptosphere when the price hike occurred in December 2017. Having a background in computer engineering, living in Venezuela and being impacted by the cryptocurrency boom on a social level , it offers a different point of view. on the success of crypto and how it is helping the unbanked and underserved.

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