Solana, the top 10 smart contract-enabled cryptocurrencies by market cap, admitted that it faced a number of issues that hindered its network performance. The official account of the network status, as well as the status page, reported the incident yesterday. This is the latest issue Solana has faced after experiencing several network outages over the past few months.

Solana faces throughput issues

Solana, a cryptocurrency that supports smart contracts, has officially acknowledged that its network is suffering from performance issues that impact system throughput and cause it to drop some transactions.The report is release Via the project’s Solana Status Twitter account, the account informed users of the situation yesterday.

The account explains:

[The network is experiencing] This reduces the network capacity to thousands of transactions per second due to performance degradation due to the increase in highly computational transactions. This results in increased load and transaction processing times, as well as some failed transactions.

The report was published on January 6th at 16:11 UTC and at the time of writing, the issue has not been resolved. According to reports, the developers are working to address these issues and fix the problem.

Misfortunes never come singly

This is not the first time the network has encountered such problems. The first of its kind – affecting the block production of Solana validators – happened Solana blockchain almost slowed down on September 14 due to resource exhaustion issues, according to Solana Status account

Blockchain then faces another problem On December 4th, the entire network went down and engineers had to restart it to work properly again. At the time, the network was suspended for about 5 hours, during which no transactions or blocks were published.

The project also faces other types of congestion issues as the launch of a particular project also congested the network, such as December 13 emission A project called Solchicks affects the stability of the blockchain.

Then again on January 4th, there was Report About Solana facing DDoS attacks through spam transactions.However, these reports were debunked by Solana co-founder Anatoly Yakovenko, who statement “Due to some congestion due to mis-metered transitions, some users experienced timeouts on their txs and had to retry.”

However, even with all these issues, Solana still surpassed its competitors in December in total deal count, register 45 billion transactions.

What do you think of Solana and the performance issues it faces? Let us know in the comments section below.

Sergio Goshenko

Sergio is a cryptocurrency journalist in Venezuela. He describes himself as late to the game, entering the crypto space when prices rose in December 2017. With a background in computer engineering, living in Venezuela, and being affected by the cryptocurrency craze on a social level, he offers a different perspective on the success of cryptocurrencies and how it can help the unbanked and underserved.

Image Source: Shutterstock, Pixabay, Wiki Commons