The Daily Hodl
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise
No Result
View All Result
The Daily Hodl
No Result
View All Result

Solana (SOL) Developers To Introduce New Fee System To Optimize Network

by Daily Hodl Staff
May 5, 2022
in Altcoins

Solana (SOL) plans to introduce a new fee system in addition to a host of other improvements as part of an effort to combat its repeated network issues.

According to an explanation published by Solana Labs, Solana suffered a network outage over the weekend when the project’s mainnet beta cluster “ceased producing blocks as a result of stalled consensus.”

[adinserter block="1"]

The outage came after Solana already dealt with publicized network and performance problems in December and January, as well as a previous outage last September.

Solana Labs says the network has suffered “intermittent congestions issues” since early January due to bot activity targeting non-fungible token (NFT) mints. This also caused the most recent outage, according to the project.

“An enormous amount of inbound transactions (6 million per second) flooded the network, surpassing 100 Gbps of traffic at individual nodes. There is no evidence of a denial of service attack, but instead, evidence indicates bots tried to programmatically win a new NFT being minted using the popular Candy Machine program.”

Solana does note, however, that their network continued to function at transaction request levels that were 10,000% of the level that caused the September outage, an improvement it attributes to upgrades implemented since then.

A new upgrade aims to implement “memory use improvements to prolong the time nodes can endure slow or stalled consensus,” according to the project.

Solana is also working on core-protocols-related mitigation.

“In order to affect control over network traffic, Solana core protocols are being reimplemented atop QUIC, a protocol built by Google, designed for fast asynchronous communication like UDP, but with sessions and flow control like TCP. Once adopted, there will be many more options available to adapt and optimize data ingestion.”

Additionally, Solana notes that fee prioritization work is in progress.

“Solana’s fee prioritization should only impact the specific state, and not the whole block. This creates a system akin to ‘neighborhood fees’ instead of ‘global fees.’  The subsequent transactions that are paying a higher fee, but can’t fit into this block because they have hit the maximum limits of writing to an account are spilled and scheduled for the next block, but other transactions that interact with other accounts can still be added to the same block, even if they are paying lower fees.”

Follow us on X, Facebook and Telegram

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Rattanamanee Patpong/WhiteBarbie

Submit a Press Release

Industry Announcements

  • PremiumBlock Launches Non-Custodial Risk Hub for User-Created Prediction Markets, Perps and Web3 Poker
    June 19, 2026
  • Playnance’s GCOIN to List on KoinBX Following Rapid Community Growth in India
    June 18, 2026
  • Stratosphere, Pudgy Penguins and Streamex Host Founders Table VIP Dinner During ETHConf 2026 and NYC Tech Week
    June 18, 2026
  • Eldora Opens 280+ Tokenized US Stocks to 85+ Countries, Launches $20,000 Campaign
    June 18, 2026
  • Calais Becomes 1st Quantitative Hedge Fund to Deploy UBS uMINT as OES Collateral via Bybit, ByCustody & DigiFT
    June 18, 2026
  • First Block, Onpharma Company and Crito Capital Announce First Solana STO for US Medical Device Business
    June 17, 2026
  • Wallet V Launches Public Performance Benchmark for AI Trading Agents on Hyperliquid and Aster
    June 15, 2026
Submit a Guest Post
ADVERTISEMENT

Spotlight

  • Michaël van de Poppe Says Crucial Level Will ‘Decide Everything’ for Bitcoin in the Coming Weeks – Here’s His Outlook
    June 18, 2026
  • California Scammer Masterminds $10,000,000 Financial Fraud Scheme, Targets Elderly While Posing As Law Enforcement: Report
    June 18, 2026
  • Bank Insider Accepts Bribes, Opens Fake Accounts To Launder $5,500,000 in Drug Proceeds: DOJ
    June 18, 2026
  • IBM Issues Warning on ‘Well-Camouflaged’ Bank Malware That’s Draining Login Credentials
    June 19, 2026
DON'T MISS A BEAT
Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options
By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.
Featured Image: Shutterstock/Billion Photos

Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.

Categories

Bitcoin • Ethereum • Trading •
Altcoins • Futuremash • Financeflux •
Blockchain • Regulators • Scams •
HodlX • Press Releases

 

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT | ADVERTISE

JOIN US ON TELEGRAM

JOIN US ON X

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2025 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Financeflux
    • Trading
    • NFTs
    • Blockchain
    • Futuremash
    • Regulators
    • Scams, Hacks & Breaches
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Guest Post
  • INDUSTRY ANNOUNCEMENTS
    • Latest
    • Press Releases
    • Chainwire
    • Sponsored Posts
    • Submit Your Content
  • CRYPTO MARKETS
  • SUBMIT
    • Guest Post
    • Press Release
    • Sponsored Post
    • Advertise

© 2025 The Daily Hodl