Solana Labs CEO Reveals Plan for Upgrades
Key Takeaways
Solana Labs CEO Anatoly Yakovenko addressed concerns over Solana’s network performance in a Twitter thread today.
Yakovenko said upgrades to address the issues would be “rolled out in the next 4-5 weeks.”
Certain upgrades have already been implemented, with more on the way.
Share this article
Earlier today, Solana Labs CEO Anatoly Yakovenko addressed network problems Solana has experienced in recent weeks. He also provided a timeline for the relevant network updates.
Solana Upgrade on the Horizon
Solana Labs’ CEO has weighed in on recent network issues.
Anatoly Yakovenko, the co-founder and CEO of Solana Labs, published a tweet thread today addressing the Solana network’s recent performance problems. He wrote that updates to address these issues would be implemented in four to five weeks.
Yakovenko first diagnosed the spam issues as being caused by “liquidator bots” barraging single nodes with duplicate messages at a rate of over 2 million packets per second. This revealed a network bug for duplicate processing: the deduplication code would execute too late (after the signature verification) and take too long (100 microseconds per packet) to be effective. That is untenable at 2 million packets per second, though this bug was addressed in version 1.8.14, Yakovenko wrote.
On today’s live Twitter Spaces, Yakovenko opined that the actors behind the spam likely are not malicious; they are simply running their algorithms.
Despite the upgrade, Yakovenko wrote that liquidator spam was still causing “starvation”—i.e. the phenomenon in which a network’s congestion is exacerbated by the fact that users, aware of the congested state of the network, attempt to send several transactions to the blockchain in a very short window of time in the hopes that one or two are successful, thus placing even further outsized demand on the network.
Yakovenko wrote that, to address this specific problem, engineers will introduce “flow control” in the 1.9 testnet “with [QoS] by stake weight” to stress test and tune parameters. The team will then introduce the upgrades to the 1.8 mainnet. These upgrades are to be expected within four to five weeks.
While Solana’s network has not gone down again since September’s 18-hour outage requiring network validators to collaborate to restart the network, it has faced several congestion issues in the past two months. These network traffic jams have had expensive consequences, with many users being liquidated last weekend in the market dip, unable to re-collateralize their positions.
Disclosure: At the time of writing, the author of this piece owned BTC, ETH, and several other cryptocurrencies.
Share this article
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Anatoly Yakovenko Reflects on Solana’s Breakout Year
Crypto Briefing sits down with Solana Labs CEO and co-founder Anatoly Yakovenko at the first edition of Solana Breakpoint. Solana Heads to Lisbon Regardless of where you’re looking in the…
What Is The Crypto Volatility Index?
The Crypto Volatility Index (CVI) is a decentralized solution used as a benchmark to track the volatility from cryptocurrency option prices and the overall crypto market.
Latest Solana Clog Causes Liquidation Bloodbath
Solana has faced more network issues, this time during a major market downturn. Solana DeFi Users Liquidated Due to Congestion Solana DeFi users were among the hardest hit in this…
Solana Slows to a Crawl (Again)
The latest incident comes days after Solana suffered congestion problems due to another launch on Raydium. Solana Faces More Network Problems Congestion issues are becoming an ongoing problem for Solana. …
