Cryptocurrency News

Solana Blockchain Network Is Under Transactions Congestion – Know More!

The Solana blockchain has seen the third event in as many months that congested the network and led to the transactions default, with customers wondering if it was the result of some other DDoS assault or simply network difficulties.

The scope and complexity of the outage are unclear, with Coinbase, Wu Blockchain, and Reddit users claiming an event that caused the network to stall and transactions to abort. Nevertheless, Solana Labs co-founder Anatoly Yakovenko disputed that a DDoS attack occurred on this date.

The new issue occurs just under a month following a prior attack in which the network was reported to be overloaded with widespread botting as a result of some other Initial DEX offering (IDO) on the Solana-based decentralized exchange platform Radium.

As per Wu Blockchain, the Solana network was taken offline for approximately four hours on the inaugural morning of January 4 UTC due to a suspected DDoS assault. Solana. According to the statistics, the network has been completely functioning with 100 percent uptime during that time.

A recent post on Reddit’s r/CryptoCurrency forum provided multiple screenshots of Solana (SOL) customers claiming difficulties with unsuccessful SOL transactions approximately the time of the alleged DDoS and network unavailability. Coinbase also published a 24-hour event analysis on the Solana network’s “degraded performance,” which caused unsuccessful SOL withdrawals on the crypto exchange.

Yakovenko, the co-founder of Solana Labs, repeated this previously today on Twitter, stating that the network troubles were unrelated to a DDoS and were simply the “suffering of obtaining a novel runtime marketed.”

Yakovenko also remarked in a different Twitter thread that perhaps the “costing system for computation remains [a bit] odd, genuine remedy to cope with this is in 1.9, when TXs have to identify all the capabilities they need ahead.”

Austin Federa, chief of communications at Solana Labs, recently on December 22 revealed that engineers are presently trying to solve the network’s difficulties, notably enhancing transaction metering.

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