• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Solana (SOL) Developers To Introduce New Fee System To Optimize Network

May 5, 2022
in Altcoin
Reading Time: 3min read
0 0
A A
0
Solana (SOL) Developers To Introduce New Fee System To Optimize Network
0
SHARES
8
VIEWS
ShareShareShareShareShare

Solana (SOL) plans to introduce a new fee system in addition to a host of other improvements as part of an effort to combat its repeated network issues.

According to an explanation published by Solana Labs, Solana suffered a network outage over the weekend when the project’s mainnet beta cluster “ceased producing blocks as a result of stalled consensus.”

The outage came after Solana already dealt with publicized network and performance problems in December and January, as well as a previous outage last September.

Solana Labs says the network has suffered “intermittent congestions issues” since early January due to bot activity targeting non-fungible token (NFT) mints. This also caused the most recent outage, according to the project.

“An enormous amount of inbound transactions (6 million per second) flooded the network, surpassing 100 Gbps of traffic at individual nodes. There is no evidence of a denial of service attack, but instead, evidence indicates bots tried to programmatically win a new NFT being minted using the popular Candy Machine program.”

Solana does note, however, that their network continued to function at transaction request levels that were 10,000% of the level that caused the September outage, an improvement it attributes to upgrades implemented since then.

A new upgrade aims to implement “memory use improvements to prolong the time nodes can endure slow or stalled consensus,” according to the project.

Solana is also working on core-protocols-related mitigation.

“In order to affect control over network traffic, Solana core protocols are being reimplemented atop QUIC, a protocol built by Google, designed for fast asynchronous communication like UDP, but with sessions and flow control like TCP. Once adopted, there will be many more options available to adapt and optimize data ingestion.”

Additionally, Solana notes that fee prioritization work is in progress.

“Solana’s fee prioritization should only impact the specific state, and not the whole block. This creates a system akin to ‘neighborhood fees’ instead of ‘global fees.’  The subsequent transactions that are paying a higher fee, but can’t fit into this block because they have hit the maximum limits of writing to an account are spilled and scheduled for the next block, but other transactions that interact with other accounts can still be added to the same block, even if they are paying lower fees.”

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

&nbsp

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Rattanamanee Patpong/WhiteBarbie


Credit: Source link

ShareTweetSendPinShare
Previous Post

A Beginner’s Guide to Buying a Rad Rabbits NFT

Next Post

Why Bitcoin Futures And Spot Signals Don’t Match Up

Next Post
Why Bitcoin Futures And Spot Signals Don’t Match Up

Why Bitcoin Futures And Spot Signals Don't Match Up

You might also like

BNB Price Prediction: If Crypto Is Dead, why Binance Clears $1.09 Trillion in 112 Days?

BNB Price Prediction: If Crypto Is Dead, why Binance Clears $1.09 Trillion in 112 Days?

April 23, 2026
Bitcoin Price Advances Toward $80K, Upside Break Now In Focus

Bitcoin Price Advances Toward $80K, Upside Break Now In Focus

April 27, 2026
Shariah-Compliant Stablecoin Moves Into MidEast Arena

Shariah-Compliant Stablecoin Moves Into MidEast Arena

April 24, 2026
Analyst Who Called Bitcoin’s Top Correctly Now Predicting The Bottom

Analyst Who Called Bitcoin’s Top Correctly Now Predicting The Bottom

April 26, 2026
‘DeFi United’ Mobilises $300M to Stabilise Markets After Aave-Linked Exploit

‘DeFi United’ Mobilises $300M to Stabilise Markets After Aave-Linked Exploit

April 28, 2026
Dogecoin Price Prediction: Wall Street Just Let Dogecoin In With Nasdaq Listing – Is $1 DOGE Finally Possible?

Bitcoin Price Prediction: Omega Candle to $1 Million Loading? Analysts Believe

April 29, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

Fidelity Flags Bitcoin Price Zone That Historically Marked Accumulation

April 30, 2026
Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal

Clarity Act and Crypto Tax Loophole: White House Billions Dollar Proposal

April 30, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.