Solana Network Update Scheduled for Late May 2024

Solana Network Update Scheduled for Late May 2024

Solana is gearing up for a significant network update set to be released on May 27, 2024, for their mainnet beta. This new version, v1.18, is crucial in addressing the ongoing congestion issues on the network.

Solana Network Version 1.18 to Release Late May

Congestion issues on Solana have worsened recently due to increased transactions and the use of spam bots to gain successful transactions, resulting in a surge of transaction failures.
The Solana development team has been actively implementing a series of updates designed to improve network performance in response to these challenges.

In particular, on April 13, 2024, in collaboration with Anza, a leading infrastructure developer, they introduced version 1.18.11 on the devnet. Validators are currently testing v1.18.

Image: Development schedule rundown for v1.18. Source: Github.

Validators play a crucial role in the blockchain ecosystem. They confirm transactions and help secure the network, making their input essential to the success of this new update.

Input from this testing phase will be critical in ensuring the success of the upcoming mainnet-beta launch.

Based on the schedule provided on the Github page, Version 1.18 is set to be officially launched on May 27, 2024. This version is expected to address the congestion issues on the Solana network.

Conclusion

Solana's forthcoming network update, slated for release at the end of May 2024, marks a pivotal moment in addressing the persistent congestion issues plaguing the network.

With the impending launch of version 1.18, Solana aims to tackle the escalating transaction volumes and spam bot activities that have led to a surge in transaction failures.

The proactive efforts of the Solana development team, in collaboration with Anza and other key stakeholders, underscore their commitment to enhancing network performance and reliability. As validators continue to rigorously test version 1.18, their invaluable input will be instrumental in ensuring the success of the upcoming mainnet-beta launch.

With Version 1.18 scheduled for official release on May 27, 2024, there is optimism that this update will effectively alleviate congestion on the Solana network, ushering in a new era of efficiency and scalability.

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