Solana Network Speed Restoration in Progress
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 …
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
Interpretation of the news:
Solana is a blockchain platform that has garnered popularity among developers due to its lightning-fast transaction processing speed. However, lately, the network has endured a massive slowdown in operations, leading to concerns from users and investors. The Solana team took note of the problem and communicated officially through Twitter, stating that efforts are being made to restore the network speed.
According to the Twitter message, Solana verifiers (those responsible for ensuring network security) are opting for the restoration of an older version of the software in a bid to fix the network speed. This is being done to avoid attacking the root cause, which appears to be a recent system update that has been causing the slowdown. The repair process will likely take some hours, and the outcome is uncertain.
Although the Solana team is working hard to restore the network speed, resetting the network to an earlier state is regarded as a “last resort” option. This is because resetting the network would lead to significant losses for users who have already executed transactions on the chain. Additionally, it will affect the overall integrity of the Solana network and potentially trigger a wave of lawsuits from affected users and other beneficiaries.
Given that Solana is a fast-rising blockchain platform making headway in the cryptosphere, it is essential to safeguard its reputation by ensuring that its networks stay robust and efficient. The network speed issue marks a critical point in its developmental journey and signals the importance of continuous innovation and improvement in blockchain development. This incident also highlights the importance of having contingency plans in place to forestall disruptions that may arise from future system updates.
In conclusion, the tweet from the Solana team indicates that the network speed restoration process is in progress, and efforts are geared towards making sure that it runs as smoothly as possible. However, it underscores the need for the Solana team and the wider crypto community to continually improve and innovate to sustain the pace of developments in the blockchain sector.
This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/crypto/3333.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
Lookonchain Analysis Reveals Incorrect Configuration of Tender.fi’s Oracle Machine
On March 7, according to Lookonchain\’s analysis, due to the incorrect configuration of Tender.fi\’s oracle machine, only one GMX ($71) was deposited at the begi…
-
Cosmos Ecological NFT Blockchain Aura Network Raises $4 Million in Pre-A Round Financing
On February 15, it was reported that the Cosmos Ecological NFT Blockchain Aura Network completed a pre-A round of financing of US $4 million, which was led by …
-
Silicon Valley Bank Experiences One of the Largest Bank Runs in U.S. History
It is reported that according to a regulatory document on Friday, investors and savers tried to withdraw $42 billion from Silicon Valley banks on Thursday, whic
-
Loan Platform Nexo Settles with Ohio Securities Department for $22.5 Million
It is reported that the Ohio Securities Department of the United States announced that it had joined the settlement agreement of the loan platform Nexo with US…
-
Paxos Treasury’s BUSD Destruction Sends a Strong Message to Cryptocurrency Market
On February 16, according to Whale Alert data, Paxos Treasury destroyed 96953902 BUSDs (worth 96934512 US dollars).
Paxos Treasury destroyed more than …
-
Meeting to Promote Financing for Cryptocurrency Industry to be Held in Hong Kong
According to reports, Hong Kong regulators in China are holding a meeting between cryptocurrency companies and bankers to promote financing for the industry. According to the detai
-
BLUR Token Hits $500 Million in Transaction Volume But Drops in Market Value
It is reported that the transaction volume of the BLUR token has exceeded US $500 million since its launch, reaching US $509955,26 so far. It should be noted t…
-
Data: The address of the giant whale will transfer over 34000 ETHs to Binance, approximately $65.75 million
On April 21st, according to Whale Alert monitoring, 34043 ETHs (approximately $65.75 million) were transferred from the address starting with 0x82886 to Binance at 14:18.
Data: The -
Avalanche C-Chain Resumes Operations After Brief Disruption
According to Chainbase monitoring, Avalanche C chain has stopped blocking 35 minutes ago, and the final block height is 27925928.
Avalanche C chain appears to have stopped blocking -
What does eth3 mean
what does eth * 3 mean? According to the official statement of Ethereum, eth3 is the same as ETH1.0 to some extent. From the current version, it is more like a sharding than a chain If someone wants to use merging to build their own network in a new way, they can implement merging as a protocol upgrade. But what impact will this upgrade bring? This sounds simple because after merging, the system will undergo changes without causing any damage or interference to the entire system. Therefore, the merger will become a blockchain, allowing everyone to have their own tokens and serve other users as well However, there are also inaccuracies in this: the merged eth2, eth3, etc. are all different types of code, and the differences between them are very significant. (Note: Translators in order)