Administrator Reveals the Real Reason Behind the Recent Congestion
solana (SOL), a blockchain project known for its speed and scalability, recently faced a significant outage. It has sparked significant scrutiny and debate within the crypto community, with some shifting to Solana‘s eternal rival, Ethereum. In a recent statement, Solana Foundation Chief Strategy Officer Austin Federa shed light on the real cause behind the congestion and ongoing efforts to address them.
Austin Federa Explains the Reason for the Outage in Solana
Before explaining the reasons, Federa stated that the developers were working hard to fix the Solana bottleneck that caused more than 75% of transactions to fail. In a post
Additionally, the Federa acknowledged the existence of varying opinions on the root cause of the congestion. However, he explained that this was mainly due to the software system not being able to effectively manage the current volume. He stated: “At a high level, the issue is conceptually simple: The implementation of a software system today is not robust enough to handle the amount of traffic thrown at it.”
He also addressed the technical debt in Solana’s architecture. Federa emphasized the balance between prioritizing new developments and essential maintenance and improvement tasks. “This is, simply put, technology debt,” he emphasizes.
Additionally, Federa assured the community that despite the glitch, core protocol developers were diligently implementing and testing improvements to mitigate the Solana network outage. “Core protocol developers across the ecosystem are working as quickly as they can to implement and test improvements to the network stack to address current network congestion,” he said.
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About the Latest SOL Congestion
Over the past week, Solana has experienced a significant increase in transaction failures, exceeding 75% in recent days. This has led to concerns about the ability to accommodate increased network activity. The Solana congestion also sparked discussions within the community regarding the network’s future as a leading Layer-1 blockchain.
Additionally, SOL’s price has weakened against Ethereum, especially as Ethereum rose to a new high in March. This, along with ongoing network challenges, could widen the gap and potentially allow Ethereum to regain some of the ground it lost in early 2023.
Users of Solana’s popular Phantom wallet reported longer transaction times and an increase in failed transactions last week. These issues emerged following an increase in network activity, primarily due to meme coins and liquid staking on Solana’s Decentralized Exchanges (DEXs).
Solana Foundation Product and Technology strategist Matt Sorg explained that the high rate of failed transactions is not a flaw, but rather an intentional aspect of the network designed to protect users. Specifically, more than 80% of these failed transactions are associated with the error code “0x1771,” indicating that the offset amount has been exceeded.
Essentially, failed transactions occur when users try to take advantage of volatile Solana meme coins. These cryptocurrencies have varying prices on different Solana DEXs. Therefore, if the price goes outside the user-specified slippage amount, it is inevitable that the transaction will fail. This mechanism is deliberately integrated into the network.
However, Sorg underlined that the real concern stems from abandoned transactions rather than failed transactions. These occur when a transaction cannot be included in the final block for various reasons.
Also Read: Can Solana (SOL) Shine Again? Expert Shares Epic Prediction
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