Market Cap: $2.6768T -1.600%
Volume(24h): $131.3486B 67.290%
  • Market Cap: $2.6768T -1.600%
  • Volume(24h): $131.3486B 67.290%
  • Fear & Greed Index:
  • Market Cap: $2.6768T -1.600%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top News
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
bitcoin
bitcoin

$83571.608249 USD

-1.38%

ethereum
ethereum

$1826.028236 USD

-3.02%

tether
tether

$0.999839 USD

-0.01%

xrp
xrp

$2.053149 USD

-2.48%

bnb
bnb

$601.140115 USD

-0.44%

solana
solana

$120.357332 USD

-3.79%

usd-coin
usd-coin

$0.999833 USD

-0.02%

dogecoin
dogecoin

$0.166175 USD

-3.43%

cardano
cardano

$0.652521 USD

-3.00%

tron
tron

$0.236809 USD

-0.59%

toncoin
toncoin

$3.785339 USD

-5.02%

chainlink
chainlink

$13.253231 USD

-3.91%

unus-sed-leo
unus-sed-leo

$9.397427 USD

-0.19%

stellar
stellar

$0.266444 USD

-1.00%

sui
sui

$2.409007 USD

1.15%

Cryptocurrency News Articles

Solana Bug to Be Fixed by Mid-April, Restoring Network Functionality

Apr 09, 2024 at 10:15 pm

Solana Bug to Be Fixed by Mid-April, Restoring Network Functionality

Solana developers are gearing up to resolve the bug causing the network congestion by mid-April.

Mert Mumtaz, the CEO of Helius Labs and a vocal supporter of Solana, shared this development on social media platform X, noting that the patch is scheduled for deployment by April 15.

Over the past weeks, Solana has seen a rapid increase in transaction failures. Market observers have attributed these issues to the blockchain’s increased popularity and high network activity due to the proliferation of automated bots trying to seize arbitrage opportunities.

Austin Federa, the head of strategy at Solana, said:

“Solana sees traffic and demand that no other network has ever come close to — it’s a stress test of the whole system. These are exactly the type of stress tests you cannot model in simulation, you have to just see how stuff works in prod and adapt.”

Implementation bug

According to Mumtaz, the ongoing network congestion isn’t a result of a fundamental design flaw but rather an implementation issue, which tends to be more straightforward to rectify. He said:

“It is important to make this distinction because implementation errors are usually trivial (they can be swapped out for other implementations) — but design errors are generally serious and more fundamental.”

The congestion woes stem from Solana’s utilization of the QUIC networking protocol, particularly the “quin implementation of QUIC.”

While the fix is targeted for April 15, additional issues that surface during the process could extend the timeline.

Mumtaz emphasized that besides technical glitches, Solana is grappling with economic factors that are contributing to its current challenges.

Solana projects suffer delays

Meanwhile, the current issues battling Solana have forced several crypto projects on the network to postpone their launches indefinitely.

Solana staking rewards platform Surge Finance said it was delaying the launch of its native token till further notice until the market “conditions improve enough for transactions to succeed.”

Similarly, real-world asset platform Sky Hause delayed its staking feature launch because of the congestion on Solana. Identity platform myBID also delayed its launch due to these issues.

Posted In: Solana, Outage, Technology, Web3

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Other articles published on Apr 03, 2025