network congestion Even before the problem, Solana had to see another problem. In this, Binance was being prevented from withdrawal on this network. This problem is still not fixed. Solana was not the only blockchain network to face such problems due to the fall in cryptocurrency prices. But it has definitely come in the limelight. This is because Solana is one of the most popular blockchain networks in the larger crypto industry.
2/ 1.8.12 was specifically aimed at improving issues of program cache exhaustion, which are largely responsible for recent performance degradations.
— Solana Status (@SolanaStatus) January 22, 2022
The Blockchain Network team has reportedly tested the stability of the network. Fine Is done. Users have been asked to update to the new version 1.8.14.
As per this announcement, last time there was a problem with the program and this time the problem is due to duplicate transactions. Users will have to update their mainnet to version 1.8.14 to reduce this problem. The team is working on making further improvements. DeFi users suffered the most due to this network congestion. They had to face heavy liquidation due to the network down.
Significantly, in November last year, Bitcoin and Ether set new records by reaching historic highs. But most major altcoins, including bitcoin, are selling out because of the potential for interest rates in the US. According to data from CoinMarketCap, the current market cap of bitcoin is $665 billion (approximately Rs.50 lakh 56 thousand crore), down from around $1.3 trillion (about Rs 100 lakh crore) in November 2021.
At the same time, the wider crypto market has lost more than $1 trillion (about Rs 70 lakh crore) during the same period. Bitcoin has also hit its lowest level since August after falling more than 10 percent.
<!–
–>
For the latest tech news, smartphone reviews and exclusive offers on popular mobiles, download the Gadgets 360 Android app and follow us on Google News.
Related news
.