With regard to the current network scalability issues, a blockchain development company called Solana Labs has revealed its top priorities for future updates.
This prompted Solana’s blockchain development team. This includes its CEO Anatoly Yakovenko, to address the obstacles and fix the network’s performance issues head-on, as transaction volumes grew.
The company’s Head of Communications, Austin Federa, scheduled a Twitter Spaces meeting. In that case, Yakovenko gave a presentation on the company’s issues. He also discussed his plans to on how improve them.
As previously stated by Yakovenko, their developer team has set a timeframe of 4 to 5 weeks. This includes the completion of the project’s upgrade. As an additional point of interest, Yakovenko points out that Solana’s mainnet has already undergone a few changes.
Solana’s native token, $SOL, has suffered a 35 percent drop in the recent crypto bear market. This brings it down to just 4,800 percent of its all-time high of $259 in November, according to CoinMarketCap. In addition to that, the $SOL cryptocurrency market has caused investors to re-collateralize their holdings. The latter resulted to the recent downturn. This makes it more difficult for them to deal with congestion on the network.
Spam issues on Solana’s blockchain have persisted, with “liquidator bots” clogging up single nodes with repeated messages, according to a Twitter community session. Moreover, Yakovenko believes that the massive spam that was clogging up networks was not the work of malicious individuals.
Users are aware of Solana’s network congestion. There was an increase in network congestion due to the high volume of transactions. This is a case of network starvation.
Additionally, over 2 million packets of data are streaming into Solana every second because of the trend. This resulted to overloading to the point of outage. There must be at least 100 microseconds between each packet in order to deduplicate it.
Henceforth, a deduplication method will then be applied to the signed codes. However, this will only occur once the signature verification process is complete. It might be used to solve the network problem, according to Yakovenko. The volume of transactions on Solana’s blockchain caused an issue to the network.
According to Yakovenko, the Solana mainnet’s version 1.8.14 has already addressed this issue.
Engineers from Yakovenko and Solana Labs are working on a “flow control” functionality for Solana Labs’ 1.9 testnet. Likewise, this will include QoS (Quality of Service) settings that are based on stake weight.
The Solana team hopes to be able to stress test and fine-tune the network’s handling capacity. Furthermore, this includes the characteristics in order to better meet the needs of the organization using this way. The modification will integrate Solana’s mainnet version 1.8. This is scheduled for release in the first quarter of 2018.