Highlights
With the recurrent Solana outage that has plagued the Layer-1 blockchain over the past year, the Solana Foundation has attempted to devise a lasting solution to the disruption.
Several components of the Solana ecosystem have been challenged recently due to the high volume of usage of the protocol. The implementation of priority fees and the transaction scheduler, both of which play important roles in block optimization, are part of the activities that have somewhat threatened the health status of the Solana system.
A handful of outages have been reported on the Solana network. One of the Solana outages in the first week of February was attributed to a Berkley Packet Filter (BPF) loader failure due to Solana Improvement Proposal (SMID) changes. Developers immediately swung into action to rewrite the development network’s BPF code lines.
Unfortunately, the repair was not enough to prevent a recurrence as another outage happened shortly after. More suggestions about the root cause of the outage came up and how these can be implemented. It was believed that the Solana outage was a result of the “deploy-evict-request cycle of a legacy loader program triggered an infinite recompile loop in the JIT cache.”
For a while, the network has remained stable even with high usage but the Solana Foundation decided that it was safer for developers and operators to implement some tools that would help maintain high performance. In addition to these tools, some alterations would equally be made but will only be released in the forthcoming software version that is targeted at improving network application performance.
In the meantime, applications built on the Solana ecosystem would be required to make use of priority fees and it is expected that this would enhance the speed of transactions in the long run. Optimization of the total compute units (CU) usage will also be encouraged to increase the amount of transactions that can land on the network.
Meanwhile, SOL is performing excellently well and is currently trading at $177.86 with a 5.20% surge in the last 24 hours. The positive momentum is believed to be a result of its integration with Binance Web3.0 wallet but the news of the Solana outage resolution could have also contributed to the bullish move.
With more stability that these resolutions will usher in, the attractiveness of SOL will increase in the long run, a trend that might boost demand and valuation.
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