Solana network experiences speed issues, verifiers resort to restoring old software version

02/25/2023 09:35 • Tech Trends • 119 views

It is reported that according to the official Twitter message, Solana verifiers are trying to restore the network speed by restoring to the old version of the software. This repair process may take several hours. Resetting the network is currently regarded as the “last resort” to restore the network. （Coindesk）

Solana verifier is trying to restore network speed by restoring to the old software

Analysis based on this information:

The Solana network has been experiencing speed issues, and according to an official Twitter message, verifiers are attempting to restore the network speed by reverting to an older version of the software. The repair process is predicted to take several hours. Resetting the network is viewed as a “last resort” to restore the network.

The Solana network is known for its capability to handle high-speed transactions with minimal fees. However, recent events have highlighted the network’s fragility in dealing with high traffic volume. Last week, the network encountered a decrease in transaction processing capacity, which caused the blockchain to halt for more than an hour. The network team released a statement, explaining the issue was caused by connection issues among validators, and it was later resolved.

Several hours earlier today, Solana’s network was facing a similar issue, which caused it to slow down its processing of transactions. While the Solana team have not given any specific explanation on the cause of these issues, they have been working to restore network speed by offering solutions that do not require resetting the entire network. In an official Twitter message, the Solana team announced that verifiers are trying to restore the network speed by going back to an older version of the software.

Despite this, experts have warned that this solution may not be enough to restore the network fully. They believe that if the network does not pick up speed, stakeholders may need to consider resetting the entire network. According to experts, such an option is not typically advisable as it can lead to a loss of data and credibility in the eyes of investors. The Solana team has acknowledged that resetting the network would be a “last resort” as it may take several hours to perform the process.

In summary, the Solana network has been experiencing challenges in dealing with high transaction volumes with minimal fees. Given the current challenges, Solana verifiers are trying to restore network speed by reverting to an older version of the software. Despite this, restoring the entire network may be viewed as a last resort. This latest development highlights the ongoing pursuit of network scales that can balance high transaction speeds with consistency and stability across widely used decentralized applications.

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Solana network experiences speed issues, verifiers resort to restoring old software version

Solana verifier is trying to restore network speed by restoring to the old software

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