Solana, a smart contracts-enabled cryptocurrency, has acknowledged its network is suffering performance issues that are affecting the throughput of the blockchain and making it drop txs.
Solana Formally Acknowledges Problems With 'High Compute' Transactions Clogging the Network
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months.
by the Solana Status Twitter account of the project, which informed users of the situation yesterday.[The network is experiencing] degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to increased loading and transaction processing times, and some failed transactions.This report was posted on January 6, 16:11 UTC and at the time of writing, the issue has not yet been solved.
on September 14, when the Solana blockchain slowed almost to a crawl due to a resource exhaustion problem, according to the Solana Status accounton December 4, when the whole network was stopped, and engineers had to restart it for it to work appropriately again. At that time, the network was halted for approximately 5 hours, with no transactions or blocks being issued during this period.
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