HomeBitcoinSolana engineers are working to fix problems in order to avoid more...

Solana engineers are working to fix problems in order to avoid more disruptions.

-

As network traffic drops, Solana developers have addressed the “durable nonce transaction” flaw that sent the network offline for the seventh time this year earlier this month.

 

Developers have resolved the runtime error that caused the most recent Solana network outage on June 1
According to study published on June by Solana Labs,
the fifth outage of 2022 was caused by fault in the “durable nonce transactions feature,” 
which led the network to cease creating blocks for around four and half hours.

“The durable nonce transaction feature was disabled in releases v1.9.28/v1.10.23 to prevent the network from halting if the same situation were to arise again.”

“Durable nonce transactions will not be processed until the mitigation is performed and the functionality is re-enabled in a future version,” they said.

The phrase durable nonce transactions refer to a form of Solana transaction that is not intended to expire, as opposed to a conventional network transaction, which typically has a brief lifetime of roughly 2 minutes until a block hash becomes too old to be confirmed.

According to Solana Documentation, it is often used to support transactions connected to routes such as custodial services that take longer time than normal “to create a signature for the transaction.”

According to Solana Labs, durable nonce transactions require a separate “mechanism to prevent double processing and are processed serially,” but a runtime bug appeared after a durable nonce transaction was processed as a regular transaction and failed, but was then re-submitted, resulting in the network grinding to a halt.

“The user resubmitted the identical transaction for processing after the unsuccessful transaction was processed but before the nonce was used again.” “This resubmission activated the problem in the runtime,” according to the p report.

Since the mainnet failure on June 1, the price of Solana’s native asset SOL has plummeted around 13.9 percent to $39.08 at the time of writing. Investor interest in the asset has only grown, with 24-hour trading volume growing by 61 percent to $2.141 billion within the same time period, according to CoinGecko statistics.

Data from the Solana-focused analytics platform Hello Moon demonstrate that the overall value transferred on-chain (successfully) in terms of a seven-day rolling average has dramatically decreased since late March.

After reaching an all-time high of about $3.18 trillion on March 24, the value has since dropped to roughly $159.71 billion as of June 4.

 

Source: cointelegraph

 

 

Leave a Reply

LATEST POSTS

Argo Blockchain Sells Bitcoin Mining Facility to Galaxy Digital Holdings in Struggle to Stay Afloat.

The Bitcoin mining crisis continues as miners continue to sell their facilities. Argo Blockchain saw its shares rise in London trading yesterday after agreeing to...

Cryptocurrency Winter to Last “At Least One More Year”, Says Octopus Network Founder.

Octopus Network, a multi-chain cryptocurrency network based on the NEAR protocol, has laid off around 40% of its core team and reduced salaries for the...

MicroStrategy Boosts Bitcoin Holdings with $42.8 Million Purchase.

MicroStrategy, the company co-founded by Michael Saylor, has announced that it has made further purchases of Bitcoin since November 1st. According to today's report, the...

China’s CBDC wallet relies on an age-old custom to increase adoption.

The digital yuan wallet app now includes a traditional Chinese method of donating money that has gone virtual with the rise of digital payments. China's wallet...

Follow us

0FansLike
3,803FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img
%d bloggers like this: