Summary of the Following News Article

Developers have released a new mainnet beta update, v1.17.31, to address the congestion issues on Solana’s blockchain. The update, announced on April 12, was released to the general public after a three-day test process by the mainnet beta validators. It is designed to reduce the congestion and further improvements will be made in v1.18 in the future. Details of the Solana Update The update provides solutions to open interest rates and congestion issues. Significant features of the update include BankingStage Routing Filter, node support optimizations, and display of staked packages. The implementation of the update is requested when there are less than 5% inactive validators. This aims to increase the stability and security of the Solana network. Challenges and Solutions Faced by Solana Solana has experienced transaction failures of up to 75% due to the memecoin craze and increased network activity. The congestion is considered not limited to a single […]

Summary of the Following News Article

Developers have released a new mainnet beta update, v1.17.31, to address the congestion issues on Solana’s blockchain. The update, announced on April 12, was released to the general public after a three-day test process by the mainnet beta validators. It is designed to reduce the congestion and further improvements will be made in v1.18 in the future.

Details of the Solana Update

The update provides solutions to open interest rates and congestion issues. Significant features of the update include BankingStage Routing Filter, node support optimizations, and display of staked packages.

The implementation of the update is requested when there are less than 5% inactive validators. This aims to increase the stability and security of the Solana network.

Challenges and Solutions Faced by Solana

Solana has experienced transaction failures of up to 75% due to the memecoin craze and increased network activity. The congestion is considered not limited to a single error but as a general network issue by Solana’s founders and developers.

Despite developers working tirelessly and facing difficulties in meeting demand, the Solana Foundation stated that various patches and updates are being developed to overcome these issues.

Useful Information

The update will reduce network congestion and provide a more stable usage.
Validators should implement the update when there are less than 5% inactive validators in the network.
These steps support Solana’s goal of improving the overall performance and security.

In conclusion, Solana’s new update includes significant steps to resolve ongoing network issues and promises important improvements for both users and developers. These steps towards enhancing future performance and stability will help Solana become more competitive and reliable in the field of blockchain technology.

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