Summary of the Following News Article

Developers have released a new mainnet beta update with version 1.17.31 to address the congestion issues in Solana’s blockchain. This update was announced on April 12 and after a three-day testing period, it was released for general use by the mainnet beta validators. The update is designed to reduce the congestion and further improvements will be made with v1.18 in the future. Details of the Solana Update The update offers solutions to problems such as high open interest rates and congestion. Important features included in the update are BankingStage Routing Filters, node support optimizations, and displaying staked packs. Implementing the update is required when less than 5% of validators are inactive, aiming to enhance Solana’s network stability and security. Challenges and Solutions Faced by Solana Recent memecoin frenzy and increased network activities have led to transaction failures of up to 75% in Solana. This congestion is viewed not just as […]

Summary of the Following News Article

Developers have released a new mainnet beta update with version 1.17.31 to address the congestion issues in Solana’s blockchain. This update was announced on April 12 and after a three-day testing period, it was released for general use by the mainnet beta validators. The update is designed to reduce the congestion and further improvements will be made with v1.18 in the future.

Details of the Solana Update

The update offers solutions to problems such as high open interest rates and congestion. Important features included in the update are BankingStage Routing Filters, node support optimizations, and displaying staked packs.

Implementing the update is required when less than 5% of validators are inactive, aiming to enhance Solana’s network stability and security.

Challenges and Solutions Faced by Solana

Recent memecoin frenzy and increased network activities have led to transaction failures of up to 75% in Solana. This congestion is viewed not just as a limitation by the founders and developers but as a general network issue.

Despite uninterrupted efforts by developers and struggles to meet demand, 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 user experience.
Validators should implement the update when there are less than 5% passive validators in the network.
These efforts support Solana’s goal of improving overall performance and security.

In conclusion, Solana’s new update involves important steps to address ongoing network issues and promises significant improvements for users and developers. These steps to enhance future performance and stability will help Solana become a more competitive and reliable blockchain technology in the future.

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