Solana Developers Set to Deploy Fix for High Transaction Failure on April 15
Summary:
The Solana development team plans to deploy a fix on April 15 for an "implementation bug" that has significantly increased the failure rate of transactions on the network. Mert Mumtaz, CEO of Helius Labs, clarified that Solana's issue is an implementation error, not a design flaw. This error concerns Solana's implementation of "QUIC ", a data transfer protocol developed by Google. Concerns have risen amongst the Solana community due to these network issues, particularly because its native token, (SOL), has a market capitalization of $79.9 billion, with an additional $4.6 billion locked in its network.
The Solana development team aims to rectify an "implementation glitch" causing the network's transaction failure rate to surge, with a target fix date of April 15. Mert Mumtaz, CEO of Helius Labs, a blockchain support company dedicated solely to Solana, emphasized that the issue with Solana is not a design problem, but an implementation error. Making this difference clear is vital as implementation mistakes are often minor, while design faults typically fundamental and severe, explained Mumtaz to his 108,000 X followers on April 8.
Data revealed that over 75% of non-voting Solana transactions experienced a failure on April 4 due to increased memecoin activity on the network; however, that percentage has dipped to 64.8%. According to Mumtaz, the issue involves how Solana's developers have incorporated "QUIC," a Google-produced data transfer protocol that keeps all nodes updated with the network's current state.
Mumtaz further clarified that this particular implementation problem should not be taken as a significant design flaw in Solana. For instance, all cars have a basic design involving four wheels and an engine, but different implementations exist, such as BMW, Mercedes, Toyota, F1, or Tesla. If a specific BMW model has steering issues, it doesn't imply all cars are defective but rather that model needs fixing.
In the same sense, Solana's use of QUIC has bugs and shortcomings in its current form; however, it doesn't equate to it having a design issue but rather implies a need for improvement in this aspect of its design. Essentially, Solana would need to change a tire as opposed to entirely remanufacturing a new model.
Additionally, Mumtaz referred to a remark by Solana researcher Richard Patel, who asserts that the implementation of Firedancer doesn't have these issues. According to Mumtaz, the scheduled rectification will occur on April 15, provided no additional snags arise during its testing phase.
Upon reaching out to Mumtaz to inquire about the specifics of the scheduled fix, Cointelegraph did not receive an immediate reply. The network issues have led to concern among the Solana community, especially given its native token, (SOL), carries a market cap of $79.9 billion and an additional value of $4.6 billion on the network, as per DefiLlama.
Published At
4/9/2024 5:04:30 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.