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Solana (SOL) Jumps 9% as Major Congestion Fix Hits Mainnet
The post Solana (SOL) Jumps 9% as Major Congestion Fix Hits Mainnet appeared on BitcoinEthereumNews.com. Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Solana (SOL) has every reason to go on a parabolic run as community members are ecstatic following the release of a major congestion fix on the mainnet. According to a new update from the blockchain, a new version upgrade dubbed v1.17.31 has been released and is now available for use by MainnetBeta validators. For the past few years, Solana has faced massive congestion that has caused a lot of damage to applications hosted on it, investor’s assets and, ultimately, its reputation. The congestion issues became compounded by the explosion of meme coins on the blockchain. These meme coins helped Solana outpace Ethereum in key trading metrics, however, they also created a major performance issue for the network. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. — Solana Status (@SolanaStatus) April 15, 2024 According to the new upgrade, Solana confirmed that the released fix will directly help address the congestion issues it is facing. Before this release, many developers and validator clients, like Anza, had released major updates on the testnet as a concerted effort was invested in helping address network woes across the board. With this fix, many halted project launches have expressed plans to proceed, with plans to go live…
The post Solana (SOL) Jumps 9% as Major Congestion Fix Hits Mainnet appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Solana (SOL) has every reason to go on a parabolic run as community members are ecstatic following the release of a major congestion fix on the mainnet. According to a new update from the blockchain, a new version upgrade dubbed v1.17.31 has been released and is now available for use by MainnetBeta validators. For the past few years, Solana has faced massive congestion that has caused a lot of damage to applications hosted on it, investor’s assets and, ultimately, its reputation. The congestion issues became compounded by the explosion of meme coins on the blockchain. These meme coins helped Solana outpace Ethereum in key trading metrics, however, they also created a major performance issue for the network. The v1.17.31 release is now recommended for general use by MainnetBeta validators. This release contains enhancements which will help alleviate the ongoing congestion on the Solana Network. — Solana Status (@SolanaStatus) April 15, 2024 According to the new upgrade, Solana confirmed that the released fix will directly help address the congestion issues it is facing. Before this release, many developers and validator clients, like Anza, had released major updates on the testnet as a concerted effort was invested in helping address network woes across the board. With this fix, many halted project launches have expressed plans to proceed, with plans to go live…
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