Solana Network’s Bifurcation Event Limits Transaction Processing Speed
It is reported that the Solana network experienced a bifurcation event on Sunday morning New York time, which limited the ability of users to execute transacti…
It is reported that the Solana network experienced a bifurcation event on Sunday morning New York time, which limited the ability of users to execute transactions and transfers, resulting in the network processing about 93 transactions per second, far lower than the speed of the network before the bifurcation of nearly 5000 TPS.
The transaction processing was limited due to the bifurcation accident of Solana network in the early morning of this day
Interpret the above information:
Solana, a blockchain network that aims to provide high-speed decentralized finance (DeFi) solutions, experienced a bifurcation event on Sunday morning in New York. This event caused limitations in the network’s transaction processing ability, resulting in a significantly lower processing speed. The network was only able to process approximately 93 transactions per second compared to its usual speed of nearly 5000 TPS.
A bifurcation event occurs when a blockchain network splits into two independent chains. This happens when new nodes are formed or when updates to the software are not synchronized. In other words, it causes discrepancies that prevent the network from reaching a consensus regarding transactions. This ultimately leads to lower processing speed and a decrease in the overall efficiency of the network.
The Solana network’s bifurcation event highlights the need for blockchain networks to be continuously monitored and updated to ensure their stability and efficiency. Any loopholes can cause significant damage to the network, which can result in potential losses to investors and users.
Fortunately, Solana’s team was quick to identify the causes of the event, and the issue was resolved within a few hours. Despite the quick resolution, the event still highlights the importance of proper network maintenance to ensure smooth operations for users and to prevent such events from occurring in the future.
The Solana network’s focus on providing high-speed DeFi solutions and its recent partnerships with major DeFi projects such as Serum and Raydium have considerably increased its user base. The bifurcation event serves as a reminder that even major networks are not entirely immune to issues and should be cautiously monitored.
In summary, the Solana network’s bifurcation event resulted in a decrease in the processing speed of its transactions. It highlights the importance of proper network maintenance to ensure smooth operations for users and to prevent such events from occurring in the future. Bifurcation events can cause significant damage to blockchain networks, even those with high transaction speeds, which emphasizes the need for continuous monitoring and updating.
Overall, it offers insight into the challenges that blockchain networks face and the vigilance with which developers need to approach them.
This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/3235.htm
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Related recommendations
-
An Overview of Fund II by Race Capital: Oversubscription and Investments
According to reports, Fund II, the second fund of Race Capital, received an oversubscription of $181 million. It is reported that the fund has made 10 investmen
-
What currency does a4 dig (which platform is a4)
a4 is digging what currency a4 is digging what currency? What is the principle of mining project a4 a4? AMM+automated Market maker mode (automatic exchange) is adopted to provide liquidity capital pool and lending services through transactions on the decentralized platform Users can use A4 to pledge tokens or mortgage assets to obtain stable and efficient price returns, and can also earn deposit interest and other fees generated by the platform. In A4, each address will receive an a3 reward based on its total locked value (a4 is $100000) Which platform is a4 from? What does it look like, how does it operate, and what is its quotation According to official website data, the current price of A3 is 1 RMB. In contrast, the most popular a5 products on the market currently are Apple’s iMac and Amazon, which have high demand, a large customer base, and outstanding user growth. In addition, another advantage of A6 is its relatively low cost…
-
National Bank of Canada increases its stake in MicroStrategy
According to reports, the National Bank of Canada has disclosed the latest information that the sixth largest bank in Canada has increased its holdings in Micro
-
The Growing Institutional Interest in the Crypto Ecosystem
On April 14th, Bank of America announced in a report released on Thursday that despite market adjustments and bankruptcy events last year, the crypto ecosystem continues to develop
-
Founder of NFT Project Announces Plan to Make Profits on BAYC and MAYC
It is reported that the founder of the NFT project rektGuy tweeted that \”after careful consideration, today we decided to use the current NFT liquidity to make…
-
What currency is dac (how about dac)
dac is what currency According to cryptobriefing, dac is what currency. DAC uses DAG (Distributed Ledger) in the blockchain gaming field and generates revenue through mining. According to the official introduction: DagCoin is a decentralized Open-source software development platform designed to become a computer network and system that allows users to participate in and manage blockchain based game platforms. In addition, it can also serve as a wallet application running node to promote ecosystem growth and stimulate the development of the entire industry What about dac?According to Coincryptorama, what about dac? From a technical perspective, it is still a relatively early project. Although many people say that this is a Cryptocurrency, I think its potential is huge. Firstly, it is a decentralized, scalable, and non centrally controlled digital asset whose value can be considered determined by the community and can be obtained and transferred through the network. In addition, the token can also be used to purchase software products and…
-
Central Bank Vice President Xuan Changneng: The cryptocurrency sector lacks effective supervision
It is reported that the 2023 annual meeting of the Boao Forum for Asia ended on the afternoon of March 31. Xuan Changneng, Vice President of the People\’s Bank of China, said that e
-
What does it mean to trade qtum?
What does it mean to trade qtum? Trading qtum refers to the process of conducti
-
Understanding the Growth of the Bitcoin Lightning Network: An Overview of Node and Channel Statistics
According to reports, 1ML data shows that there are currently 16463 Bitcoin Lightning network nodes, an increase of 0.32% in the past 30 days; The number of cha
-
Coin An: The regulatory environment in the United States is hostile and the prospects are unpredictable
According to reports, Qian An claimed that the regulatory environment in the United States is hostile and the prospects are unpredictable.
Coin An: The regulatory environment in th