The clock of the Solana Blockchain presents a mismatch due to the slot times being longer than ideal.
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- The time event does not affect the performance of operations.
- What does it mean that Solana has lost track of time?
- Staking gains gains refer to an increase in value or profit. may be affected by desynchronization.
The Blockchain Clock Solana (SOL) has lost track of time, registering a delay of 30 minutes. The project announced this through Status of Solana a page that informs in real time about the status of the network.
According to the news outletThe Block a file containing information on transactions completed during a given time period. Blocks are the constituent parts of a blockchain.which first reported the news, the desynchronization is due to longer than ideal slot times so that transactions on the network Solana will display timestamps that are different from conventional real-world clocks. Posted at 3:34 UTC on Thursday, the notice details:
“Time measurement on the blockchain a distributed ledger system. A sequence of blocks, or units of digital information, stored consecutively in a public database. The basis for cryptocurrencies. is lagging approximately 30 minutes behind wall clocks due to longer than normal block times. While this has no impact on performance or network a network refers to all nodes in the operation of a blockchain at any given moment in time. operations, the time reported by block explorers and dapps may not reflect the wall clock time.”
What does time desynchronization mean?
While de-synchronization has no effect on network operations Solana as indicated in the notice, occurs because the current slot times on the blockchain are slower. El slot time refers to the time interval within which a validator a participant on a proof-of-stake (PoS) blockchain, involved in validating blocks for rewards. can send a block to the network. as he explains The Block .
As he explains Investopedia the time in Blockchain is the measure of the time it takes for miners contributors to a blockchain taking part in the process of mining. They can be professional miners or organizations with large-scale operations, or hobbyists who set up mining rigs at home or in the office. or validators within a network to verify transactions within a block and produce a new block. Slots represent the basic unit of time on the blockchain, and one block could be present in each slot. Consecutive slots are grouped into epochs, which have an updatable size defined by each protocol. In the case of Solana his 432,000 slots in each epoch.
The ideal slot time of Solana is 400 milliseconds (ms), but this value has almost doubled to approximately 746 ms, according to the data from the explorer board of the Blockchain de Solana .
While Solana is a proof-of-stake poS is a type of consensus algorithm that rewards validators according to the amount of crypto they have staked. (PoS) based blockchain, the network also uses proof-of-history (PoH) as a consensus consensus is achieved when all participants of the network agree on the order and content of the blocks in the blockchain. algorithm. PoH is responsible for the timing of Solana by allowing each node the most basic unit of blockchain infrastructure that stores data. in the network to keep an accurate record of the time. At the same time, Solana uses clusters, a collection of validators that are responsible for processing transactions on its blockchain; while the PoH enables decentralized decentralization refers to the property of a system in which nodes or actors work in concert in a distributed fashion to achieve a common goal. timekeeping across all nodes in a cluster.
According to the report, when the slot times become significantly longer than 400 ms, the cluster clock starts to drift, i.e., it loses sync with real-world time.
Possible implications for the Solana ecosystem
The Block explains that, among the problems this could cause, in addition to the timing of the chain not being in sync with the real world, there could be some economic consequences related to annualized participation rewards.
When the slot times are slower, the epochs become longer. In the ideal time interval of 400 ms, there are 182 epochs per year and each epoch one entire run of the training dataset through the algorithm is referred to as an epoch in machine learning. lasts between two and three days. Slower slot times, therefore, mean fewer times. Participation rewards, also called staking participation in a proof-of-stake (PoS) system to put your tokens in to serve as a validator to the blockchain and receive rewards. or bet, of Solana are paid at each time. As such, less time will mean a reduction in the revenues collected by the stakers o participants and validators in the network.
This reduction in betting yields is also in addition to the fact that the token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. Network native SOL, like other currencies, has dropped significantly in price since the beginning of the year. Amid the bear someone who believes that prices in a given market will decline over an extended period. Such a person might be referred to as “bearish.” market, SOL has fallen from USD $175 to less than USD $50, by the time of editing, so far in 2022.
It should be noted, as it doesThe Blockthat Solana is no stranger to operational and performance issues. In the past, we have reported several outages of up to 17 hours where the blockchain stops processing transactions.
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Article by Hannah Estefania Perez / DiarioBitcoin
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