CryptoSpiel.com
No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams
No Result
View All Result
CryptoSpiel.com
No Result
View All Result

Solana Network Experiences Slowdown in Block Production Following Upgrade

February 28, 2023
in Blockchain
Reading Time: 2 mins read
A A
0
Jump Crypto to Build New Validator Client for Solana
0
SHARES
8
VIEWS
ShareShareShareShareShare

After an update to the validator software on February 25, the Solana network saw a decrease in the rate at which blocks were produced. Transactions were disrupted as a consequence of the event, which prompted validators to downgrade the software in an effort to restore network speed.

At around 6:00 AM (UTC), a technical problem began, which prompted validators to downgrade to version 1.13 in an attempt to get transactions back up throughout the network. However, the downgrade was not sufficient to return Solana to regular operations, and as a result, the decision had to be made to restart the network on version v1.13.6.

“A considerable delay in block production was reported by the network about the same time as an upgrade to the validator software was being implemented. The engineers are currently investigating the underlying reason of the problem “Noting Solana’s webpage for the compass

The problem is related to the upgrading from version 1.13 to version 1.14, which slowed down the process of finalizing blocks. The Solana network is in the process of being restarted, and in order for activities to continue, it is essential to have 80 percent of active stake online:

“As additional validators finish their restart, this number will climb in accordance with the amount of stake they have delegated: this implies that bigger validators such as CEX have a disproportionately high influence on restart timeframes.”

Within the first few hours after the issue was reported, Solana’s validators got together and brainstormed potential solutions to the problem. Infrastructure provider Chorus One pointed out in a Tweeter that the event “demonstrated how really decentralized the network is.” The first chorus continued: “If we didn’t have to spend so much time debating, we could get back up in an hour. However, every step along the route is up to controversy, including whether or not to downgrade, whether or not to restart, and whether to transition from an approach of downgrading to one of restarting. Voting occurs. In the end, it takes us between 8 and 10 hours to recuperate, rather than only 1.”

This is a developing story, and further information will be posted as it becomes available. Please check back for updates.

Credit: Source link

RELATED POSTS

BSC Payment Lane Set to Launch in Q4 2026, Easing Congestion Issues

Manus Announces Return to Independent Operations

AMD Ryzen AI Powers Real-Time Voice Moderation On-Device

Buy JNews
ADVERTISEMENT
ShareTweetSendPinShare
Previous Post

NFT Collection Notorious Alien Space Agents Price, Stats, and Rev…

Next Post

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News

Related Posts

BNB Chain Launches Zero-Knowledge Proof Scaling Tech
Blockchain

BSC Payment Lane Set to Launch in Q4 2026, Easing Congestion Issues

September 1, 2026
Brazilian fintech giant XP Inc Launches Crypto Trading Platform XTAGE
Blockchain

Manus Announces Return to Independent Operations

September 1, 2026
Llama 3.1 Now Optimized for AMD Platforms from Data Center to AI PCs
Blockchain

AMD Ryzen AI Powers Real-Time Voice Moderation On-Device

August 31, 2026
Next Post
G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News

G20 Finance Chiefs Widely Recognize Crypto Poses Major Financial Stability Risks, Says Indian Central Bank Governor – Regulation Bitcoin News

Crypto Firm Elwood Technologies Raises $70M in Series A Round

2022 was a tough year for crypto with a decline in venture

Recommended Stories

Ripple (XRP) Breakout Confirmed? Analyst Sets the Next Big Target

Ripple (XRP) Breakout Confirmed? Analyst Sets the Next Big Target

September 1, 2026
Polygon Reveals Security Flaws Only After Hard Forks Fixed Them

Polygon Reveals Security Flaws Only After Hard Forks Fixed Them

August 31, 2026
Trump Meme Coin Team Transfers $6,210,000 Worth of Tokens to OKX Exchange: On-Chain Analysts

Trump Meme Coin Team Transfers $6,210,000 Worth of Tokens to OKX Exchange: On-Chain Analysts

August 24, 2026

Popular Stories

  • LangChain Introduces Self-Improving Evaluators for LLM-as-a-Judge

    Evaluating Multi-Agent Architectures: A Performance Benchmark

    0 shares
    Share 0 Tweet 0
  • Multicoin Capital’s Vision for 2024: Embracing AI, Crypto, and Web3 Innovations

    0 shares
    Share 0 Tweet 0
  • Bitcoin’s best August since 2017 is hiding a major weakness

    0 shares
    Share 0 Tweet 0
  • ‘Incumbents’ Are Trying to Kill Crypto Competition

    0 shares
    Share 0 Tweet 0
  • Virtuals Protocol Is Now Live on Ethereum With Full Agent Access

    0 shares
    Share 0 Tweet 0
CryptoSpiel.com

This is an online news portal that aims to provide the latest crypto news, blockchain, regulations and much more stuff like that around the world. Feel free to get in touch with us!

What’s New Here!

  • Vietnam Opens Crypto Floodgates With $14T Tokenization Gamble
  • BSC Payment Lane Set to Launch in Q4 2026, Easing Congestion Issues
  • Santos Fires Back at Kalshi Lifetime Ban

Subscribe Now

Loading
  • Live Crypto Prices
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 - cryptospiel.com - All rights reserved!

No Result
View All Result
  • Home
  • Live Crypto Prices
  • Live ICO
  • Exchange
  • Crypto News
  • Bitcoin
  • Altcoins
  • Blockchain
  • Regulations
  • Trading
  • Scams

© 2021 - cryptospiel.com - All rights reserved!

Please enter CoinGecko Free Api Key to get this plugin works.