A few factors will blow an Ethereum competitor in the coming months, according to Altcoin Daily. In this context, Altcoin Daily analyst Aaron Arnold examines a layer-1 blockchain that has recently been hampered by network performance issues. Details Cryptocoin. at com.
This altcoin project could skyrocket
The analyst says Solana (SOL) looks set to recover in 2022 and rise in the coming weeks after a tough start. Here’s what Arnold says on the subject:
TLDR, despite all its success, its biggest issues over the past year have been performance issues due to too much use of the network. They have been thinking about this for a long time and in the next four to five weeks this problem will be resolved.
Solana Labs co-founder Anatoly Yakovenko was on Twitter to discuss the updates after purging robots started flooding the Solana network with spam messages. Yakovenko said:
These messages revealed an error in how the network handled replicas. The code responsible for deduplication of messages was after signature verification and processing took up to 100 us per packet. This has been fixed in [version] 1. 8. 14. Since then, the network has seen much better performance, but there is still a bit of liquidator spam. Engineers plan to introduce flow control in 1.9 with QoS [quality of service] by share weight, but now implementing this feature in 1.8 is a top priority.
Expert Manchun Wong revealed that NFT marketplace OpenSea has revealed its plans to add Solana NFTs to its platform. Solana has already made a huge impact in the NFT space, first breaking into the top 5 NFT blockchain rankings in November and now ranks second behind Ethereum according to data aggregator CryptoSlam. Arnold also notes that SuperLayer, the venture studio behind Rally Social Token (RLY), will use the Solana network to host RLY-powered consumer products. “Social tokens are still before the mainstream, we are way too early for that.”
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