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
  • IC DAO
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
  • IC DAO
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

Stake DAO Exploit Lets Attacker Mint 5.4T vsdCRV on Arbitrum

Ondo Finance Says Founder Nathan Allman Has Passed Away

Hyperliquid’s HYPE Is at an All-Time High — and the ETF Has Almost Nothing to Do With It

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.

Betfury

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

Stake DAO Exploit Lets Attacker Mint 5.4T vsdCRV on Arbitrum

by CryptoExpert
May 28, 2026
0
logo

Stake DAO was exploited on Arbitrum on May 27, 2026, when an attacker minted over 5.4 trillion vsdCRV by exploiting the token’s cross-chain configuration. Stake DAO has warned...

Read more

Ondo Finance Says Founder Nathan Allman Has Passed Away

by CryptoExpert
May 27, 2026
0
logo

Ondo Finance said on May 26 that founder Nathan Allman has passed away unexpectedly, according to an announcement posted by the company on X. The real-world asset tokenization...

Read more

Hyperliquid’s HYPE Is at an All-Time High — and the ETF Has Almost Nothing to Do With It

by CryptoExpert
May 26, 2026
0
logo

When Hyperliquid’s HYPE token touched a record high above $64 on May 24, 2026, the financial press reached for the most comfortable available explanation: institutional money had arrived....

Read more

What Is Bitcoin Pizza Day? The Full Story Behind Crypto’s Most Expensive Meal

by CryptoExpert
May 25, 2026
0
logo

Every year on May 22, the crypto world pauses to commemorate what is arguably the most expensive meal in human history — two pizzas that once cost 10,000...

Read more

The U.S. Bitcoin Reserve Just Got a 20-Year Lockup Twist

by CryptoExpert
May 24, 2026
0
logo

Washington is making its most serious move yet to turn seized cryptocurrency into a generational financial asset — and it comes with an unprecedented catch.A bipartisan push on...

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
  • IC DAO

© 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) $ 73,041.00
ethereum
Ethereum (ETH) $ 1,984.16
tether
Tether (USDT) $ 0.998339
bnb
BNB (BNB) $ 631.27
xrp
XRP (XRP) $ 1.29
usd-coin
USDC (USDC) $ 0.999513
solana
Solana (SOL) $ 80.80
tron
TRON (TRX) $ 0.348365
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.04
staked-ether
Lido Staked Ether (STETH) $ 2,265.05

Pin It on Pinterest

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