As a researcher with extensive experience in the blockchain industry, I’m closely monitoring Solana’s upcoming mainnet upgrade to v1.18.15. The team’s proactive approach to addressing congestion issues and preventing pressure on the network is commendable, especially amidst the meme coin frenzy and massive demand for platforms on the Solana-based blockchain.
Solana is gearing up for another mainnet update, with validators being encouraged to install the latest stable version. The Solana team aims to enhance the Solana blockchain’s capacity by preventing strain and overload in response to increasing popularity of meme coins and surging demand for platforms on the Solana blockchain network.
Solana v.18.15 Upgrade Readiness
The Solana development team advises that version 1.18.15 be adopted by the community for the mainnet upgrade, according to a June 10 post by Solana Status. This update is intended to address significant network congestion issues caused primarily by the proliferation of Solana-based meme coins. The team urges mainnet beta validators to implement this version.
The upgrade will have key changes such as an update of Bump version to v1.18.15, a stable release suitable for use on Mainnet Beta. As per the GitHub release, it adds certificate authority (ca) certificates to docker image, bugfix clean_queue to push valid transactions back into queue, and metrics for threshold failures. Also, it will integrate scheduler optimization as worker precompile verification and make shallow threshold checks log only during consensus mechanism.
It’s time for all friends to upgrade Solana’s mainnet-beta to the latest version 1.18.15, which is 100% required. Make sure your stake is up-to-date and below 5% delinquency before doing so.
v1.8 has landed bros.
— Rex St. John (@rexstjohn) June 10, 2024
Validators are requested to make updates when the delinquent stake drops below 5%, reporting any encountered problems during their node monitoring. The upcoming upgrade, long-anticipated by developers and validators alike, approaches with caution as a past update encountered some network difficulties.
SOL Price to hit $250
In the previous 24 hours, the SOL price experienced a 1% increase and is now at $159.62. The lowest and highest prices within this timeframe were $158.83 and $162.92 respectively. Notably, trading volume has seen a significant decrease of around 20%, suggesting that current market activity is relatively low among traders.
Solana reached an all-time peak of $260.06 and market analysts predict it may surpass this record during this bull market. In March alone, SOL‘s price spiked up to $210 but the surge lost momentum due to several reasons such as delayed Fed interest rate reductions. Investors are now keeping a close watch on $210 before potential further growth towards $250.
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2024-06-10 10:30