{"id":5771,"date":"2022-01-24T05:18:38","date_gmt":"2022-01-24T05:18:38","guid":{"rendered":"http:\/\/egrowonline.com\/?p=5771"},"modified":"2022-01-24T05:18:38","modified_gmt":"2022-01-24T05:18:38","slug":"solana-reports-network-issues-heavy-transactions","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=5771","title":{"rendered":"Solana Reports Network Issues, Heavy Transactions"},"content":{"rendered":"


\n<\/p>\n

\n

Amid a major crypto market selloff, blockchain network Solana has reported network issues, including \u201cexcessive duplicate transactions,\u201d according to a Bloomberg report Sunday (Jan. 23).<\/p>\n

The Bloomberg report notes there\u2019s been a broad pullback in tokens, ranging from bitcoin and ether to polkadot.<\/p>\n

Solana itself has been affected, seeing a fall of over 30% in the last week, according to pricing from CoinGecko. The crypto universe has lost around $1 trillion in market value from its highs, with bitcoin down almost 50% from its high in November.<\/p>\n

Validators using their computer power experienced the issue, which was reportedly because of the duplicate transactions, according to a Jan. 22 notice on the Solana site.<\/p>\n

Additionally, a tweet on an unverified account, which Solana Labs co-founder Anatoly Yakovenko<\/a> retweeted<\/a>, said the issues had to do with \u201cmarket volatility.\u201d<\/p>\n

Engineers have recently released version 1.8.14, which was supposed to stop the \u201cworst effects of this issue.\u201d Per the report, there will be more improvements coming in the next eight to 12 weeks, which will see more features \u201crigorously tested.\u201d<\/p>\n

\u201cSolana mainnet beta is experiencing high levels of network congestion,\u201d the company tweeted<\/a> on Saturday. \u201cThe last 24 hours have shown these systems need to be improved to meet the demands of users, and support the more complex transactions now common on the network.\u201d<\/p>\n

This isn\u2019t the first time Solana has seen issues \u2014 it had a 17-hour outage last September which it attributed to \u201cresource exhaustion.\u201d<\/p>\n

PYMNTS wrote that Bank of America said this month it sees Solana as a possible contender to be the \u201cVisa of the digital asset ecosystem,\u201d because of the network\u2019s ease of use, scalability and low transaction fees.<\/p>\n

See also: <\/strong>BoA Sees Solana Blockchain as \u2018Visa of Digital Asset Ecosystem\u2019<\/a><\/p>\n

That came after BoA hosted Solana Foundation member Lily Liu. Solana has settled over 50 billion transactions, including over $11 billion in total value locked, and in excess of 5.7 million non-fungible tokens (NFTs) minted since launching in 2020.<\/p>\n

<\/p>\n

\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014<\/p>\n

NEW PYMNTS DATA: AUTHENTICATING IDENTITIES IN THE DIGITAL ECONOMY \u2013 DECEMBER 2021<\/span><\/strong><\/p>\n

\"\"\"\"<\/p>\n

About:<\/strong>More than half of U.S. consumers think biometric authentication methods are faster, more convenient and more trustworthy than passwords or PINs \u2014 so why are less than 10% using them? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception versus use gap and identify ways businesses can boost usage.<\/p>\n

<\/a><\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Amid a major crypto market selloff, blockchain network Solana has reported network issues, including \u201cexcessive duplicate transactions,\u201d according to a Bloomberg report Sunday (Jan. 23). The Bloomberg report notes there\u2019s been a broad pullback in tokens, ranging from bitcoin and ether to polkadot. Solana itself has been affected, seeing a fall of over 30% in […]<\/p>\n","protected":false},"author":1,"featured_media":5772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[38],"tags":[4094,1824,175,3882,84,1766],"class_list":["post-5771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-heavy","tag-issues","tag-network","tag-reports","tag-solana","tag-transactions"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/solana-blockchain-outage-1000x600.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5771"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5771\/revisions"}],"predecessor-version":[{"id":5773,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5771\/revisions\/5773"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/5772"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5771"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}