Anza Network will present schemes aimed at resolving Solana blockchain congestion upon a successful transaction. With this improvement, users can enjoy the completion of their transactions in succession without losing money in the process due to transaction failures. The software developer working on Solana, upon a recent episode where congestion emerged 2 times within 48 hours, revealed a method to tackle the cause of the congestion.
In cooperation with the core contributors, Anza has been able to locate the problem in the case of QUIC implementation and the Agave validator’s client behavior. Be aware that there is a wide range of activities that aim to identify and solve these compressions. Part of these changes is a degree loss and performance level downgrade. This implementation will be done gradually from month to month.
Bot spam identified as Solana congestion cause
A major aspect of the Solana network is possibly the presence of numerous protocols or chains designed specifically for transferring memes. This explains why the transaction failure rate peaked on April 4 when meme coins gained popularity. The processing problem raised a few issues concerning the addition of this novel platform onto the blockchain, where 75% of non-vote transactions failed.
Mert Mumtaz, the Chief Executive Officer of Helsius, mentioned “bot spam” as one of the critical factors causing the phenomenon of network spam. He argued that “bot spam” did not refer to the implicit network instability. Mr. Andre Cronje, the founder of Fantom, was among the promoters of Solana. He believed this was a result of Solana’s fast-growing network and shortage of room on the block.
Market impact and future: The end of the tale
The congestion problems have adversely affected SOL’s market position. The price of SOL fell by 10% over the past week, with the cryptocurrency trading around $180.36 as of press time, recording a price increase of 2.55% in the last 24-hours. The decline over the past week has shifted SOL to the fifth position by market capitalization, according to data from CoinMarketCap.
The current trading volume of Solana has recorded a 76.30% to $1,969,437,329. This current decrease in trading volume signals that SOL price might record a bearish trend in the market in the hours ahead.
SOL/USD price 24-hour price chart (source: CoinMarketCap)
The network has faced outages in about six major events and has been off-line for approximately 15 days since the month of January 2022. It was a problem with the Just-in-Time cache’s compilation cache that gave the clue to the outage in February which almost happened. The planned Anza updates and recent improvements look at better days for Solana, which is geared towards restoring confidence and steady progress in the network.