Altcoin Daily host Aaron Arnold takes a close look at a layer-1 blockchain protocol that has recently encountered hurdles due to network performance issues. The analyst claims that several factors will send the Ethereum rival to the Moon.
In a new video, the trader, who is closely followed by the crypto community, told his 1.2 million subscribers, Solana’s (LEFT) He says he will start to recover after a tough start to 2022 and is poised to rise in the coming weeks.
Arnold states that they will need to fix the network overload problem first and foremost.
“In short, despite all the success of the platform, its biggest issues over the past year have been performance issues due to network overuse.
They have been thinking about this for a long time and in the next four to five weeks this problem will be resolved.”
Solana Labs co-founder Anatoly Yakovenko also took to Twitter to inform users of the results after liquidation robots started flooding the Solana network with spam messages.
These messages unearthed a bug in how the network was handling duplicates. The code responsible for deduping messages was after the signature verification, and was taking up to 100us per packet to process. That was fixed in 1.8.14.
— anat◎ly 🦀🤿🏒 🤙 (@aeyakovenko) January 26, 2022
“These messages revealed a defect in the network’s handling of replicas.” [Yinelenen kopyaların ortadan kaldırılması] The code responsible for deduplicating the messages came after signature verification and took up to 100 us to process per packet. It, [sürüm] Fixed in 1.8.14.
Since then, the network has been performing much better, but there is still some starvation from liquidator spam.
QoS by weight of shares [hizmet kalitesi] plans to introduce flow control in 1.9, but now implementing this feature in 1.8 is a top priority.
The app, which will use QUIC to rate senders, is expected to be available in the next 4-5 weeks.”
Technology blogger Jane Manchun Wong also revealed to her 132,000 followers in a series of leaked images that she plans to add Solana NFTs to the platform of the non-fungible yoken (NFT) marketplace OpenSea.
OpenSea is working on Solana integration, as well as @Phantom wallet support pic.twitter.com/ZEefshKSY1
— Jane Manchun Wong (@wongmjane) January 25, 2022
According to data aggregator CryptoSlam, Solana has already made a significant impact in the NFT space, first ranking in the top 5 NFT blockchains in November and now ranks second behind Ethereum.
Altcoin Daily server also, Rally Social Token (RLY) says SuperLayer, the start-up studio behind it, will use the Solana network to host RLY-powered consumer products.
“This is great news for Solana. We’re still in the early stages of adoption for social tokens, we’re pretty early for that. ”
Solana is down about 10 percent on the day and is trading at $90.50 at the time of writing. SOL, which fell more than 48 percent from $173.62 in 2022, continues its downtrend.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.