BTC PULSE
No Result
View All Result
Play Now
No Result
View All Result
BTC PULSE
No Result
View All Result
Play Now
Home NFT

Gas Fees Expected in Solana after Frequent Outages

by Favour Ajibade
May 4, 2022 - 12:00 am
in NFT
Gas Fees Expected in Solana after Frequent Outages

Solana, the energy-efficient ecosystem, announced it will implement fee prioritization soon to combat its network congestion issues.

Yesterday, May 3, Solana announced in the beta outage report that fees are coming to Solana, giving users the ability to specify a random additional fee to be collected on the execution of a transaction and its inclusion in a block, with additional fees being treated identically to the base fee today.

Solana operates on a first-come, first-served basis, with low transaction fees due to its larger block size and high block time. Human-programmed bots are currently exploiting these two to bug the network by performing various tasks on the network.

Since January, Solana has experienced intermittent congestion due to bot activity targeting NFT mints. On April 30, Solana experienced a 7-hour power outage due to bots overwhelming the network with four million transactions per second, which overloaded the blockchain proof of stake. As a result of the massive number of transactions carried out by the Bots, the Solana Mainnet Beta cluster ceased producing blocks due to stalled consensus.

The consensus stalled because validators ran out of memory and memory crashed due to insufficient votes landing to finalize earlier blocks, preventing abandoned fork cleanup. 

Furthermore, the number of forks validators were required to evaluate exceeded their capacity. The bots that caused the April 30 outage were programmed to win a new NFT that was being minted using the popular Candy Machine program.

Solana will implement a prioritization fee that will only affect the ability to write specific states to avoid future network congestion. Transactions that pay high fees but cannot fit into a particular block due to reaching the maximum limits of writing to an account will be spilled and scheduled for the next block. Still, other transactions which interact with other accounts can be added to the same block, even if they pay lower fees. Fee prioritization will be included in the Solana v1.11 release.

Furthermore, Solana also plans to abandon the first-come, first-served model, reimplement Solana core protocols on top of QUIC, and allow users to specify an additional fee to prioritize their transactions on execution and inclusion in a block to ensure the stability and resilience of its network.

Tags: NFTSolana
Favour Ajibade

Favour Ajibade

Favour Ajibade is a content writer and crypto lover from Nigeria who is passionate about introducing Web3 and cryptocurrency-based technologies to the world through writing. He was first introduced to crypto in 2020 and was immediately intrigued. He is a student biomedical researcher and enjoys spending his free time reading and learning new things.

Related Posts

Polygon overtakes Ethereum in NFT sales, driven by Courtyard's physical card collectibles

NFT Sales Jump to $109.8M as CryptoPunks Surge 136%

September 21, 2025

NFT sales rose 4.1% to $109.8M as CryptoPunks jumped 136%. Buyer and seller counts soared, signaling a strong...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Sales Plunge to $129.6M as Pudgy Penguins Jump 63%

August 31, 2025

NFT sales slipped 8.53% to $129.6M, yet Pudgy Penguins soared 63% as buyer counts grew across blockchains and...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Market Rebounds Slightly as Bitcoin Surges Past $105K

June 8, 2025

NFT sales rise 1.95% to $106.2M as Bitcoin surges to $105K. Buyer participation jumps 55% amid steady growth...

Bar chart showing June 2025 NFT sales volume by blockchain including Ethereum, Immutable, Bitcoin, and Polygon

NFT Lending Volume Collapses 97% From Peak as Market Activity Dries Up

May 28, 2025

NFT lending has collapsed 97% from its peak, with borrower activity down 90% and lenders 78%, reflecting a...

View All
BTC-Pulse LogoTransparent

© 2024 BTC-PULSE. Disclaimer: The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.

Info

  • Learn
  • Price Prediction
  • Events
  • Press Releases
  • Sitemap

Company

  • About Us
  • Terms of Service
  • Privacy Policy
  • Contact Us
  • Advertise

News

  • Altcoins
  • Bitcoin
  • Ethereum
  • NFT
  • Regulation
  • WEB 3.0

©2024 BTC-PULSE – All right Reserved.

No Result
View All Result
  • About Us
  • Advertise
  • BTC-PULSE
  • Contact Us
  • Events
  • Privacy Policy
  • Sitemap
  • Terms of Service