Solana Rolls Out v1.17.31 Update To Address Network Congestion, Urges Validators To Use New Version
In Brief
Solana announced that MainnetBeta validators on the Solana mainnet are now advised to utilize the v1.17.31 version.
The blockchain platform Solana announced that MainnetBeta validators on the Solana mainnet are now advised to utilize the v1.17.31 version. This version includes several enhancements aimed at mitigating the ongoing congestion issue on the network.
According to Rex St John, head of developer relations at Anza Labs, the rollout of version 1.17.31 marks the initial step in a series of planned updates aimed at resolving network congestion experienced in recent months. Meanwhile, Version 1.18 is presently undergoing testing on a testnet–a network simulating the main blockchain to identify and address any bugs or issues.
Anza Labs, a collective of developers focused on the Solana blockchain, announced on April 5th that they were developing a preliminary patch, which was undergoing effectiveness testing. By April 11th, a team member disclosed that initial enhancements were being rolled out on testnet and devnet.
These updates aims to enhance Solana’s Stake-weighted QoS reliability. While the patches are anticipated to gradually enhance Solana’s usability, they do not entirely resolve the network issues, signifying the start of a series of measures to tackle the challenges confronting Solana.
Solana Struggles with Network Congestion Amidst Surge in Spam Transactions
Over the past month, Solana users have encountered diminished network performance, with instances of transactions either failing to be incorporated into blocks or becoming unexecutable by the time of processing.
The network congestion mainly stemmed from a surge in spam transactions, as bots attempted to prioritize their operations over those of typical users. This surge was driven by an increasing number of transactions linked to recently launched memecoins, which generated an exceptional demand for the network’s block space, leading to restricted access for numerous users. In March, transaction volumes soared to as high as $4 billion, significantly surpassing the usual daily figures of under $500 million in 2023.
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About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
