Solana Network Blockchain (SOL) loses control over time and records 30min delay

The blockchain clock delay of Solana can have economic consequences. (Image: Crypto Times)

the clock of blockchain from the Web Solana (SOL) is currently out of step with the real world, about 30 minutes late, due to longer-than-ideal slot times, the project said on its status page on Thursday.

According to the notice, published at 00:34, Brasília time, the problem does not impact network performance. However, transactions in Solana will show timestamps other than the normal time, the statement says.

Time disparity is one of the effects of slower slot times on Solana. Slot time refers to the time interval within which a validator can submit a block to the network.

The optimal slot time of the Solana is 400 milliseconds (ms), but that metric has nearly doubled to around 746ms, according to data from the network’s blockchain explorer.

Although Solana be it a proof-of-stake (PoS) blockchain, the network also uses proof-of-history (PoH) as its consensus algorithm. Proof-of-history takes care of timing by allowing each node on the network to keep an accurate record of time.

Solana delay could have economic consequences

Solana uses “clusters”, a collection of validators responsible for processing transactions on its blockchain. PoH allows for decentralized timing across all nodes in a cluster.

When slot times get significantly longer than 400ms, the cluster clock starts to get out of sync with real time.

In addition to timing the blockchain becomes out of step with real-time, the longer slot time can have economic consequences related to the rewards of staking.

As slot times get slower, “epochs” become longer, as there must be 432,000 slots in each epoch. At the ideal slot time of 400ms, there are 182 epochs per year, with each one lasting about two to three days. So the slower the slot times, the less epochs there will be.

The staking rewards of Solana are paid on each epoch. Thus, fewer epochs indicate a reduction in rewards collected by network delegators and validators.

This reduction in staking yield is also due to the fact that SOL, like other cryptocurrencies, has dropped significantly since the beginning of the year.

This isn’t the first time Solana has operational and performance issues. The network experienced interruptions at different times, with the blockchain not processing transactions for several hours.

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O Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.

Source: Moneytimes

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