Highlighting an encouraging performance in 2023, the Solana network has reported significant increases in reliability and uptime, according to the latest performance report by the Solana Foundation. Reporting just one outage within the past six months, Solana has demonstrated a 100% uptime since February 25 that year, achieving a whole quarter without any glitches.
In the past, Solana’s record has been marred by reliability and uptime issues. These were thought to be the result of the platform’s low-cost transactions, causing outages and earning the network a rather unsavory nickname from its co-founder. But this latest report seems to have turned the tide in favor of the once-struggling blockchain.
Key improvements have also been recognized in the balance of voting and non-voting transactions. Voting transactions confirm one or more proposed blocks of information, while non-voting transactions are prompted by user behavior on the network. Expectedly, as the network matures, non-voting transactions should gradually decline as efficiency and effectiveness increase.
One of the other monitored parameters, the rate of transactions per second (TPS), has seen positive growth consistent with new upgrades to the network. This continues to climb as daily TPS measurements have markedly improved since the start of the year, indicating improved network performance and throughput capabilities.
Price performance of Solana’s native token has also been attracting attention. Despite a 4.5% drop reported recently, the token has yielded a 50% gain over the past month. However, the value of the token still falls significantly short of the all-time high recorded in November 2021.
Despite these commendable achievements, the Solana network’s most recent outage that kept it offline for almost 19 hours illustrates that it is not entirely immune to the discomfort of downtime. Although infrequent, such outages reveal a potential downside to an otherwise positive performance resurgence.
While it is clear that significant progress has been made in improving Solana’s performance and reliability, further enhancements are needed to maintain its upward trajectory. Solana has indeed shown promising signs of revitalization, but the network’s future will inevitably depend on its ability to stay ahead of the rapid development of blockchain technology.
Source: Cointelegraph
