Solana plans to improve its blockchain: Here’s how

The Solana network experienced a noticeable slowdown in block production after its most recent 1.14 network update on Feb. 25, as it went into reset mode. As an immediate response to transaction disruptions, validators downgraded the software to up performance levels.

However, on Feb. 28, Anatoly Yakovenko, the founder and CEO of Solana Labs, released another statement as to how the ecosystem plans to improve its recent network upgrades. The major focus of the plan is on stability as the network continues its transition. 

The statement laid out a 6-step plan for engineers to follow to help streamline the process and revealed that an adversarial team has been formed which comprises one-third of the Solana engineering team.

This team was formed in order to build additional hooks and instrumentation into the validator code, along with targeting exploits throughout the underlying protocols.

Additionally, it laid out ways in which it will focus on creating network-wide stability. This includes a second validator client being built by Jump Crypto’s Firedancer team, Mango DAO developers building new tooling and implementing local fee markets, among other efforts.

Related: The state of Solana: Will the layer-1 protocol rise again in 2023?

Yakovenko’s recent statement also mentioned that an investigation as to what exactly happened in the initial outage is still being conducted, and the community will be informed when information is available.

On Feb. 28 he clarified that on-chain voting was not the cause of the slowdown. 

The community response to the outage was one of frenzy, with some users calling the system a “transaction killer.” However, the response to Yakovenko’s improvement roadmap was mixed with some users saying the news was “great to hear,” while others still questioned Solana’s integrity:

The Solana ecosystem call is planned for Mar. 2, 2023 in which it plans to discuss the state of the ecosystem, among other things.

Later in the month, on Mar. 27, the communications protocol Helium Network has plans to migrate to the Solana blockchain to deploy oracles. 

All Dutch and English crypto news!

Anti-crypto SEC commissioner’s term is up in 41 days — Will she be replaced?

Caroline Crenshaw may continue to serve at the SEC for an additional 18 months after her term ends in June if the White House doesn't...

BONK, POPCAT and Solana memecoins stay green even as Bitcoin price drops

Memecoins in the Solana ecosystem defy the recent bearish downtrend in the crypto market by managing to generate double-digit gains. Market Analysis Own this piece of crypto...

Stripe bringing back crypto payments, this time with a stablecoin

Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018. News Own this...

Will Dogecoin skyrocket 7 months after the Bitcoin halving again?

The top memecoins are far from previous highs, yet retail investors may view them as fairer opportunities than VC-backed coins with high fully diluted valuations. Markets...

Beste exchanges

Koop je crypto bij Bitvavo