The blockchain is dealing with validators who seem reluctant to keep the transactions moving
Solana validators recently voted in a bid to reduce the latency of consensus “votes,” which could increase blockchain transaction speeds. Currently, the blockchain is suffering from slow processing times, brought on by the actions of some validators.
The recommendation calls for a “Timely Vote Credits” tool on Solana and was approved on April 9 with 98% support. It would transform the way validators are rewarded for making “votes,”
a crucial part of the Solana consensus tool for confirming transactions.
Solana Labs says that validators were previously given a one-vote credit when submitting a consensus vote on a block that is later completed by the network. The validators have discovered they can increase earnings by postponing their votes long enough to guarantee they vote on the right fork without penalty.
The Timely Vote Credits Solana governance proposal passed with 53% of stake voting, with 98% in favor of the motion 🔥
It was proposed by Zantetsu of @ShinobiSystems in early March (https://t.co/37NlsCqwbO)
You can read about TVCs here as well https://t.co/Ii0C82IrQ2
— Austin Federa | 🇺🇸 (@Austin_Federa) April 9, 2024
The proposal, introduced on March 14 by “zantetsu” from Shinobi Systems, would apply a varying number of vote credits, with additional credits awarded for votes with less latency. “This will discourage intentional ‘lagging,’ because delaying a vote for any slots decreases the number of credits that vote will earn,” Solana Labs commented.
It’s still unclear what the effect of the new mechanism will be. It’s expected to be applied after the completion of this month’s Solana’s v1.18 upgrade, which incorporates patches to resolve network congestion and priority fee problems on the chain.
In the meantime, Solana has been combating a series of failed transactions, which it believes is an “implementation bug” in a data transfer protocol developed by Google called QUIC. A bug fix, which includes a QUIC reconfiguration, is scheduled for April 15 as long as no additional issues are discovered during testing.
