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On the Solana blockchain network, difficulties were connected with issues involving Anza Network’s validator client, Agave. These two occurrences are caused by a specific QUIC implementation and Agave’s behavior. Anza is currently concerned with the problems that the network development leaders are working on to increase the network speed.
On April 4, 2023, Solana registered a low transaction decline vote rate of 75%. Subsequently, network transactions showed what the meme coins were experiencing in the market. Mərt Mümtaz, the CEO of Helious, also added that approximately half of their failures were the result of botting rather than a disruption to the network.
Transactions’ failure on Solana results in backlash, and this causes both the community and investors to doubt its credibility. Heius CEO Mert Mumtaz says that when talking about bot spam, they are referring to sudden traffic diverting attention from network instability. The founder of Fantom, Andre Cronje, agrees with many of Solana’s concerns, but he just sees them as technical difficulties.
However, Solana has suffered six major failures since January 2022. The recent congestion problems resulted in a 10% crash in SOL prices.
Also read:
Peter Brandt Sees Potential for Solana to Outperform Ethereum
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