Solana’s reliability and uptime have improved significantly in 2022. The network experienced only one interruption in the first half of the year, a major improvement from previous years.
Cryptos Headlines Shop / Crypto Emporium
CryptosHeadlines.com has unveiled its crypto store, Crypto Emporium, enabling users to buy and sell real-world products using the EMT Token, the platform’s native currency. Join the EMT token pre-sale now to secure early EMT Tokens.
EMT Public Sale Link: cryptosheadlines.shop
The Solana Foundation’s report highlights Solana’s achievement of 100% uptime since February 25th, with an uninterrupted quarter. Anatoly Yakovenko, the network’s co-founder, attributes previous reliability issues to the high transaction volume and low-cost transactions on the platform.
During this period, the ratio of voting transactions to non-voting transactions on the Solana network has improved. Voting transactions, where validators confirm information blocks, and non-voting transactions, arising from user activities, saw a positive trend. Moreover, block times, measuring the speed of adding new blocks to the chain, have become more consistent, except for a sudden increase in February during the interruption.
Solana’s performance and efficiency have seen remarkable growth since January, with network updates conducted daily. The current TPS stands at approximately 3,777, a significant increase for the blockchain network.
SOL Coin: What’s Next?
During the first half of the year, SOL, the native asset of the Solana blockchain, witnessed significant price volatility. Although it gained 50% in value last month, it remains 90% below its all-time high of $260 attained in May 2021. At present, SOL is trading at $25.22, reflecting a 4.32% decrease in the past 24 hours.
Experts highlight that the enhanced performance and decreased interruptions of the Solana network will establish it as a more reliable and efficient blockchain platform in the cryptocurrency industry.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
Join Cryptos Headlines Community
Follow Cryptos Headlines on Google News and Threads App
