Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Solana Labs’ Chief Exec Unveils Plan to Improve Network Upgrades After 20-Hour Outage

CryptoExpert by CryptoExpert
March 1, 2023
in NFT News
0
Solana Labs’ Chief Exec Unveils Plan to Improve Network Upgrades After 20-Hour Outage
  • Facebook
  • Twitter
  • Pinterest



You might also like

Binance Alpha Lists Canopy Token With Airdrop for Eligible Users

Liquid Network Pauses After Purported ‘White-Hat’ Hackers Withdraw $320 Million in Bitcoin

Bitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto RallyBitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto Rally

Solana attracted severe backlash from the community after it went down for almost 20 hours following a network upgrade. The team behind the blockchain stated that the outage was fixed on the second attempt.

Anatoly Yakovenko, the CEO of Solana Labs, however, stated that the platform plans on improving network upgrades.

Improving Network Upgrades

Before the 1.14 release, core engineers focused on fixing live problems that affected Solana’s speed and usability. This included invalid gas metering, lack of flow control for transactions, and lack of fee markets, among other technical issues. Hence, enhancing user experience took a backseat.

In the latest blog post, Yakovenko said the aim for the core engineers now will be to work with validators to improve the process for software release rollouts by bringing in additional external developers and auditors to test and find exploits and continuing to support external core engineers.

okex

This also includes Jump Crypto’s Firedancer team, which is developing a second validator client to “increase the network’s throughput, efficiency and resiliency.”

As part of the plan, an adversarial team has also been formed that consists of nearly one-third of the core engineering team at the Solana Labs. This one will double down on building additional hooks and instrumentation into the validator code to help detect exploits across the underlying protocols and provide hardware to run medium to large clusters for adversarial simulation.

Improving the restart process is yet another area that the core engineering team will work on. To that extent, the exec detailed,

“While fully automating the process is difficult, different kinds of failures can be solved with simpler procedures in an effort to improve the restart process. Nodes should be automatically discovering the latest optimistically confirmed slot and sharing the ledger with each other if it is missing.”

Meanwhile, Yakovenko further said Solana Labs has been working with third-party core engineering teams to focus on stability.

Network Activity

With the outages wreaking havoc, Solana’s NFT sales volume was recorded to be 84.8 million, down by 57% over the past 30 days. Data from CryptoSlam revealed that transactions also declined by nearly 30% during the same period, while buyers and sellers noted an uptick.

Moreover, the total value locked (TVL) in Solana was found to be at a little over $257 million, according to the latest data compiled by DefiLlama. The network has lost over 97% since forming a peak in November 2021 during the bull run when it skyrocketed to $10.3 billion.

SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.



Source link

  • Facebook
  • Twitter
  • Pinterest
CryptoExpert

CryptoExpert

Recommended For You

Binance Alpha Lists Canopy Token With Airdrop for Eligible Users

by CryptoExpert
September 9, 2026
0
Binance Alpha Lists Canopy Token With Airdrop for Eligible Users

Binance Alpha will list Canopy (CNPY) on September 7, 2026, and open an airdrop for eligible users via the Alpha Events page, according to a Binance announcement. This...

Read more

Liquid Network Pauses After Purported ‘White-Hat’ Hackers Withdraw $320 Million in Bitcoin

by CryptoExpert
September 8, 2026
0
logo

Bitcoin sidechain Liquid Network has been paused after roughly 4,000 BTC worth about $320 million was withdrawn from the federation wallet backing its L-BTC token, in an incident...

Read more

Bitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto RallyBitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto Rally

by CryptoExpert
September 7, 2026
0
Bitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto RallyBitcoin Clears $81K as Zcash and Privacy Coins Lead Crypto Rally

Bitcoin crossed the $81,000 mark on September 5, but the crypto market’s most notable breakout came from privacy coins. Zcash held around $1,000, Dash surged over 40% in...

Read more

What Is Pons? The Robinhood Chain Meme Coin Factory Token Up 18,000% Since July

by CryptoExpert
September 6, 2026
0
logo

Pons is a decentralized token launchpad built on Robinhood Chain, allowing users to create and trade tokens directly on Robinhood’s newly launched layer-2 network. In just two months,...

Read more

Revolut Gains Conditional U.S. National Bank Charter Approval

by CryptoExpert
September 5, 2026
0
logo

British fintech Revolut has received conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) for a national bank charter, moving the company closer to...

Read more
Next Post
Depegging, bank runs and other risks loom – Cointelegraph Magazine

Depegging, bank runs and other risks loom – Cointelegraph Magazine

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 78,251.00
ethereum
Ethereum (ETH) $ 2,469.27
tether
Tether (USDT) $ 0.999821
bnb
BNB (BNB) $ 731.50
xrp
XRP (XRP) $ 1.40
usd-coin
USDC (USDC) $ 0.999892
solana
Solana (SOL) $ 102.46
tron
TRON (TRX) $ 0.339282
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?