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Solana unveils key improve to deal with congestion; What’s subsequent for SOL?

Must Read

The Solana (SOL) blockchain has confronted criticism over sustained community congestion that resulted in widespread transaction failures. Whereas Solana has a historical past of community outages, the surge in recognition of meme cash on the platform has sophisticated the state of affairs, resulting in frustration amongst customers.

The delays and dropped transactions during times of excessive community congestion have considerably impacted consumer expertise, prompting some trade gamers to query Solana’s skill to compete with established entities like Ethereum (ETH).

Regardless of these challenges, the Solana workforce has moved to implement essential upgrades to deal with the problems. On this regard, Anza, a Solana-focused devshop, introduced on April 12 the discharge of a repair dubbed Testnet v1.18.11 for the devnet and really helpful its implementation on the testnet as properly.

This answer goals to resolve the congestion points confronted by the chain and is anticipated to mitigate the issue as soon as deployed on the mainnet.

SOL worth evaluation

By press time, SOL was buying and selling at $142, having declined by over 12% within the final 24 hours and practically 20% on a weekly foundation.

Other than the community improve, the influence on SOL’s worth will hinge on varied components, similar to market sentiment and broader cryptocurrency developments.

Disclaimer: The content material on this website shouldn’t be thought of funding recommendation. Investing is speculative. When investing, your capital is in danger.

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