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Solana Status announced the mainnet upgrade for the Solana network, version 1.17.31, to address persistent congestion issues.
Introduction
The recent announcement of the mainnet upgrade by Solana Status aims to resolve network congestion problems that have affected transaction speeds and token prices.
Main Points
The upgrade, version 1.17.31, focuses on reducing congestion on the Solana network. Validators for Mainnet Beta need to upgrade with the release to prevent further issues. Anatoly Yakovenko highlighted the importance of this upgrade to stabilize the network and improve transaction efficiency.
Anza’s release of version 1.18.11 on the devnet is expected to address congestion concerns further by tackling the Agave validator client’s behavior and implementing QUIC. Recent whale transactions involving Solana meme currencies MEW and SLERF impacted SOL’s price positively, showing a 4.55% increase in the last 24 hours.
Conclusion
The Solana network’s mainnet upgrade brings hope for improved network performance and transaction speeds. With ongoing developments and upgrades, Solana aims to enhance user experience and stabilize its ecosystem amid market fluctuations.
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This news is republished from another source.
