Solana’s July 1 Update Could Be A Game Changer?

Solana Blockchain is gearing up for the anticipated rollout of the v1.17.31 on July 1. Recommended for general use by MainnetBeta validators, the launch is expected to bring significant enhancements that will help alleviate the ongoing congestion on the network. It appears that all Solana validator crates will be renamed to agave-validator.

More Solana mainnet release schedule updates – looks like all solana-validator crates will be renamed agave-validator with July 1 expected SOL v2.0 release. Bullish activity.

Below is a screenshot containing information about the migrations in the software. The dates and versions listed in each column correspond to the anticipated rollout dates for the mainnet-beta and the release versions of the client, Agave, and Lab, respectively.

Here’s a breakdown of the information provided in the table:

  • The v1.17 release for the client and Agave is scheduled for April 15, 2024.
  • The v1.18 release for the client and lab is planned for September 15, 2024, but there’s no corresponding version for Agave.
  • The final row shows no scheduled client release for October 1, 2024; however, Agave will have a v2.0 release, and Lab will not have a release.

Apart from that, there’s also a note above the table stating migrations will continue in parallel until the end of v1.18, at which point the “Solana-validator” switches to agave-validator. Operators should release a given version before then.

Solana’s Network Pose Spam Transaction Risks

In the last couple of weeks, Solana has faced some of the largest spikes in traffic in history during moments of peak loads. As per TronWeekly, market experts have warned about the threat of spam transactions in the form of fake requests that could be abused by network participants without repercussions.

Noted on-chain analyst MartyPary tweeted about a significant RPC networking issue on the blockchain caused by excessive loads. He mentioned that sending spam transactions can potentially block others from accessing the chain. This led to certain users having uninterrupted access while others experienced failures, thus accounting for the recent disruptions.

“As per usual, Solana and its ecosystem dev community have already found fixes that will de-incentivize this spamming behavior,” he added.

Lipika Deka: Lipika is a crypto-journalist at TWJ. A graduate in economics and finance, she has a keen interest in the political and socio-economic facets of blockchain technology and the cryptocurrency industry.