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    Home»Altcoins»Coinbase resolves Solana transaction delays, pledges tier 1 help
    Coinbase resolves Solana transaction delays, pledges tier 1 help
    Altcoins

    Coinbase resolves Solana transaction delays, pledges tier 1 help

    By Crypto EditorJanuary 22, 2025No Comments2 Mins Read
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    Coinbase resolves Solana transaction delays, pledges tier 1 help

    Coinbase CEO Brian Armstrong introduced that the change has resolved all pending Solana transaction delays—a response to rising person frustrations over sluggish processing instances.

    On Jan. 22, he shared the replace on the social media platform X, confirming that Solana transactions at the moment are functioning as anticipated, with canceled transactions eligible for retries.

    Armstrong wrote:

    “We now have the Solana backlog triaged, and transactions ought to generate shortly once more. In case your transaction bought canceled you possibly can retry it now – apologies for the difficulty.”

    Armstrong acknowledged the inconvenience brought on by the delays, emphasizing that Coinbase should enhance its infrastructure to help Solana’s ecosystem higher.

    He highlighted plans to reinforce the change’s capabilities for dealing with decentralized change (DEX) and memecoin buying and selling, that are widespread on Solana.

    Moreover, Armstrong acknowledged that Coinbase goals to raise its help for Solana to match the precedence given to Bitcoin, Ethereum, and Base. He acknowledged:

    “Our aim is to offer tier 1 help for Solana, with the identical stage of help as Bitcoin, Ethereum, and Base (which additionally noticed delays just lately on account of giant surges of exercise btw).”

    Coinbase’s Solana historical past

    Solana, recognized for its quick transaction speeds, has confronted recurring points on Coinbase, notably throughout spikes in buying and selling exercise.

    Over the weekend, elevated demand linked to Donald Trump-themed memecoins triggered widespread congestion throughout the Solana community. Key providers like Phantom, Jito, and Jupiter additionally reported disruptions because of the surge in exercise.

    Nevertheless, these challenges aren’t new to Solana customers counting on the Coinbase change. Beforehand, customers reported transaction delays of as much as 45 minutes, which Coinbase attributed to pockets upkeep or network-related points.

    Latest delays have been even longer, with reviews of transactions taking up 21 hours to course of. These prolonged wait instances have sparked issues concerning the change’s operational effectivity and skill to handle high-volume intervals successfully.

    Regardless of the setbacks, Armstrong described the elevated exercise as an indication of development for Solana’s ecosystem. He reiterated Coinbase’s dedication to enhancing help for the community, making certain a seamless expertise for customers throughout instances of excessive demand.

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