During the first half of 2023, Solana successfully improved its performance and reliability.
Solana, the Layer-1 blockchain network, has shown admirable resilience in 2023, with only a single recorded downtime.
The Solana Foundation published its semi-annual performance review on July 20th, demonstrating an increase in the network's reliability for the first half of 2023. Evaluative parameters included system continuity and the contrast between non-voting and voting transactions.
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Previously, Solana had been dealing with operational stability and availability challenges. Anatoly Yakovenko, the co-founder of Solana, once labeled these issues a "curse," stating that low-cost transactions, a distinctive feature of the network, were the root cause.
Nonetheless, the new report indicates a dramatic shift in Solana's operational reliability. Since February 25th, the blockchain network has managed to maintain 100% uptime, marking a full quarter without any disruptions.
It is worth noting that the single outage in February resulted in a downtime of almost 19 hours.
The report also drew attention to the improved voting-to-non-voting transaction ratio. Voting transactions come into play when a validator validates one or more suggested data blocks. Conversely, user activity on the blockchain triggers non-voting transactions. Regarding the matter, the report noted:
Over time, we would expect to see the ratio of voting to non-voting transactions go down because the overall percentage of voting transactions should drop as the network gets more efficient.
Furthermore, blocktimes have demonstrated increased regularity, excluding minor interruptions during the February outage.
Another performance metric, Transactions Per Second (TPS), serves as a throughput benchmark for the network, which saw a consistent upsurge since the start of the year. The network's maximum daily TPS showed significant improvement alongside new network enhancements.
However, Solana's native token (SOL) has seen a drop of 4.56% in its price, trading at $25.37 at the time of the report's release.
2023 has marked a significant leap in Solana's journey, especially concerning network reliability and efficiency. The decrease in outages and enhancements in transaction processing underscore Solana's growing robustness, despite the recent downturn in the price of its native token.
In other Solana-related news, the Solana Foundation has recently refuted the US Securities and Exchange Commission's (SEC) claims that its native cryptocurrency, Solana (SOL), is security.
